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ILN Today Post

Tax amnesty program allows Amazon sellers to avoid penalties for unpaid liabilities

Established Amazon sellers participate in an annual trade event called the PROSPER show, at which these sellers network and share best practices. According to the PROSPER website, “[t]his conference is ideal for the established Amazon online seller seeking to learn how to build its business more profitably, while meeting leading solution and service providers that can help sellers scale their businesses more efficiently.”

Following discussions in March between Multistate Tax Commission (MTC) officials and Amazon sellers at this year’s PROSPER Show, the two entities issued a press release announcing the rollout of a sales tax amnesty program aimed at helping online sellers become compliant with sales tax nexus regulations. It is designed to achieve this goal by allowing the sellers to register for future tax collections immediately, while avoiding back taxes, interest and penalties. The amnesty period is Aug. 17 – Oct. 17, 2017.

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