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January 2020 » The Daily Deal Sales Tax Trap
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Rachel Raskin, CPA, Joseph Foy, DPS, CPA, and Frimette Kass-Shraibman, PhD, CPA
In BriefCompanies that provide daily deal vouchers on discounted goods and services, such as Groupon, have grown in popularity with consumers. Ensuring that the necessary sales and use taxes on purchases using these vouchers are collected can be difficult, and even perilous, for merchants and their accountants. This is particularly true when the daily deal business provides a further discount beyond that agreed to by the merchant. The authors detail the myriad challenges and varying state and local rules faced by merchants who must attempt to properly assess and collect sales and use tax on daily deal transactions.
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