Washington B&O Tax: No Activity? KEEP FILING!
Washington State has changed the length of time a business continues to have reporting obligations for business and occupation (B&O) tax after it stops activity in Washington.
Effective June 1, 2010, there is a change in the length of time a business continues to have reporting obligations for business and occupation (B&O) tax.
A person who stops the business activity that created nexus in Washington now continues to have nexus for the remainder of that calendar year, plus one additional calendar year. (See RCW 82.04.220)
This “trailing” nexus provision applies to all business and occupation (B&O) tax classifications.
This legislation only changes trailing nexus for B&O taxes.
The trailing nexus period for retail sales tax (RST) is still four years, plus the current year, under WAC 458-20-193 (Rule 193).
For more information regarding the change, go to Washington's Special Notice.
My name is Brian Strahle and I hope you find this blog informative and useful. I am a multistate tax consultant and I serve clients across the U.S. from my office in Washington D.C. For more info, visit my website: www.leveragestateandlocaltax.com
If you are a CFO, Controller or an accounting firm or law firm professional in need of multistate tax assistance, please read WHY CONTACT ME?.
Connect with me on LinkedIn. Follow me on Twitter. Join the Leverage | SALT LinkedIn Group, connect and contribute with your colleagues!
Because state and local taxes are deceptively simple and endlessly complicated.