Numismatic News

Slight Progress on eBay Erroneous Sales Tax Charges

A few weeks ago, I wrote about the growing problem of how sales facilitators (referred to by many states as “market providers”) such as Amazon and eBay are now required to collect and remit the sales taxes applicable in the buyer’s state if the seller is from a different state. Unfortunately, every software system approved by the Streamline Sales Tax Governing Board, Inc. and available to Amazon and eBay has a number of errors in 1) implementing existing states’ sales tax exemptions, and 2) calculating the correct sales taxes to collect in states where county and local sales taxes may apply.

With 38 states having either no sales tax at all or complete or partial sales tax

You’re reading a preview, subscribe to read more.

More from Numismatic News

Numismatic News4 min read
Grading Your Coins
Careful consideration must be given to the condition of a coin before arriving at its value, since a minor difference in grading can mean a substantial difference in price. There are several factors to keep in mind when attributing varying grades of
Numismatic News2 min read
Former PCGS President Acquires Ohio Dealership
Brett Charville, a former President of Professional Coin Grading Service (PCGS) and an Ohio native, is the new owner of Northwest Ohio’s largest rare coin and precious metals dealership, Toledo Coin Exchange. Founded in 1980 by Clyde Englehardt, the
Numismatic News2 min read
Idaho YN Earns Scholarship to Attend Summer Seminar
A young numismatist from Coeur D’ Alene, Idaho, Donivan Floyd, 19, is the winner of the 2024 Professional Numismatists Guild’s (PNG) annual scholarship award competition. “The PNG scholarship will cover airfare, tuition for one of the two June 2024 A

Related Books & Audiobooks