UPDATE: MTC Extends Deadline for Amnesty under the Online Marketplace Seller Voluntary Disclosure Initiative

Earlier today, the Multistate Tax Commission (MTC) released an update extending the October 17, 2017 deadline for businesses to file under its Online Marketplace Seller Voluntary Disclosure Initiative. The new deadline is now November 1, 2017. This initiative is specifically for businesses who are online marketplace sellers using a marketplace provider/facilitator such as Amazon’s “Fulfillment by Amazon” services. Successful applicants will be eligible for relief from back-tax liability, penalties, and/or interest on state sales, use, income and franchise tax, depending on the states involved.

The extension of time to file applications is matched by corresponding extensions for businesses to register as sellers or retailers, collect, report and remit taxes, and file tax returns. Prior to today’s announcement, December 1, 2017 was the cutoff. That has been changed to “December 1, 2017, or not later than 30 days after the taxpayer has received notice that the state has signed the voluntary disclosure agreement, whichever date is later.” To view the MTC initiative announcement, including the language regarding the extended deadlines, please click here.

Finally, for more details about the initiative, as well as evolving state tax nexus laws and issues, please see Attorney Morris N. Robinson’s blog dated September 14, 2017, “23 States Join the Multistate Tax Commission Amnesty Ending on October 17, 2017: “Fulfillment by Amazon” Companies Targeted.”

If your business needs assistance applying for relief under the MTC’s Online Marketplace Seller Voluntary Disclosure Initiative or other state tax voluntary disclosure programs, the tax attorneys at M. Robinson and Company may be able to help. Please feel free to contact us at 617-428-6900 with questions.

The material in this publication does not constitute legal advice. It is intended for general information purposes only.

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