State Taxes Deductibility

[BobC]

Originally Posted by D. Bergin

As of a couple years ago or so, point of sale doesn't much matter anymore for a company the size of Heritage.

Dave,

Point of sale absolutely matters, especially when it comes to sales taxes, and is generally considered to be where the transfer of possession/ownership actually takes place. When you walk into your local store to buy something, you take possession of it right then and there, and that is your point of sale. But when you buy something via mail order or online, it doesn't become yours where you take possession of it till it is actually delivered to you and you open the mail and have the item in hand.

This is exactly why having delivery of Ebay sales confirmed is such a big deal. A seller technically retains ownership and responsibility for an item until it is actually delivered to a buyer. And that is pretty much the general rule for ALL domestic US sales.