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Vendor beware: drop shipments may result in unexpected sales tax collection obligations.
In today's business climate, lean inventories are essential to reduce business costs and remain competitive. Conversely, with the proliferation of the internet marketplace, customers expect immediate delivery. Drop shipments are an attractive way to satisfy these conflicting business demands.
But--Vendor Beware: Vendors that drop ship merchandise to the ultimate consumer on behalf of their customer may create an unexpected obligation to collect and remit sales tax to the state in which the ultimate consumer lives.
What Is A Drop Shipment?
A drop shipment occurs when Company A sells its product to its customer. However, Company A does not stock ...
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