Monday, January 16, 2012

Groupons...anotheir State Sales Tax Headache

The Groupon and other online voucher sites have created some interesting tax consequences.

How much is the sales price and who should pay it?

Florida seems to have taken the position that the merchant is responsible for tax on the original price of the goods the purchaser of the voucher is entitled to receive.

As a secondary issue, there may be some escheat / unclaimed property issues you or your client may not be aware of or never even imagined.

For more information go to Florida Tax Law Blog

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