The North Carolina Department of Revenue ("Department") recently announced the "Internet Transaction Resolution Program" ("Program") designed for remote sellers affected by the remote seller nexus law enacted by the State in August 2009.
Under the terms of the Program, as applied to eligible participating retailers, the Department will agree not to assess sales and use tax, franchise tax, penalties, and interest due prior to September 1, 2010. Also, the Department will agree not to excise its authority to obtain consumer information from retailers to collect tax liabilities for tax liabilities for periods prior to September 1, 2010.
To participate in the Program, eligible retailers must submit an election form to the Department not later than June 30, 2010. Any retailer that failed to register for the sales and use tax as a result of having operated an affiliate program in North Carolina at any time is eligible to particulate in the Program.
Karen Lake
klake@bdpb.com
305-960-1202
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