The California Franchise Tax Board (FTB) and the California State Board of Equalization (BOE), urge online buyers and sellers to be informed about their tax obligations. The Internet is a dynamic and convenient technology that many businesses use to sell their products and that shoppers use to find great deals.

However, one essential fact is often overlooked — there is no general tax exemption for sales made over the Internet.

FTB and BOE are jointly contacting Internet auction houses to provide them with educational material to help their customers meet their state tax responsibilities.  A new publication has been created designed to assist online buyers and sellers to understand their tax responsibilities, FTB 3730, Online Buying or Selling — Know Your Tax Obligation.     ………..  Read More→