Are you a remote seller making sales into California through a marketplace seller like Amazon? Do you have inventory within the state?
What about remote workers? Do you have any employees that are now working from home across state lines?
If you answered yes to any of the above questions, I encourage you to keep reading!
Income Tax Obligations From Inventory
California’s Franchise Tax Board (FTB) recently sent out notices to online merchants demanding income tax returns, part of a larger effort to collect taxes from remote sellers with inventory within the state. While in-state businesses have received similar notices for a number of years, the recent focus on out-of-state retailers may trace back to the 2018 Wayfair decision and the implementation, and enforcement of, Wayfair-related legislation within California.
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