The state tax and accounting impacts of 'Wayfair'

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June 2018

Overview

On June 21, 2018, the US Supreme Court in South Dakota v. Wayfair overturned prior Court decisions and ruled that a physical presence is not required for the imposition of sales and use tax. This decision will have far-ranging tax and accounting impacts on companies.

The takeaway

There is much uncertainty as to the tax and accounting impacts of the Wayfair decision. A careful state-by-state analysis of the tax and financial reporting considerations should be considered.

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Peter Michalowski

National SALT Practice Leader, PwC US

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