• 17 minutes

Drop Shipments: Tax Treatment of the Parties


Does the retailer need to collect and remit sales taxes?

When it comes to sale and use tax and sales tax is imposed on the retailer or supplier, all that is actually imposed on them is the responsibility to collect the tax from the customer and remit it to the state. If the retail or supplier does not collect the tax but should have they are responsible for the tax and will have to pay the tax. This video answer questions regarding retailers and suppliers and whether they have nexus and also discusses customers and use tax.

Runtime: 16 minutes



Matthew E. Foreman, J.D., LL.M.

Matthew E. Foreman, J.D., LL.M.

Falcon Rappaport & Berkman LLP

· Partner and Co-chair of the Taxation Practice Group at Falcon Rappaport & Berkman LLP

· Advises businesses on the tax effects of a variety of corporate transactions, including taxable and tax- free reorganizations, mergers, sales, and acquisitions

· Advises clients on a variety of tax issues related to cryptocurrencies, including initial coin offerings (ICOs), taxability of staking and air drops, taxability and governance of DAOs, and the imposition of Sales and Use taxes on the issuance of non-fungible tokens (NFTs)

· Admitted to practice law in New York State and New Jersey, and admitted to practice before the United States Tax Court; Member, New York City Bar Association; Secretary, State and Local Tax Committee of New York City Bar Association; Member, Task Force on Digital Technologies; Member, Tax Section of New York State Bar Association

· Rated as a New York Metro SuperLawyer in the field of Taxation

· LL.M. degree in taxation, New York University School of Law; J.D. degree, The Pennsylvania State University, Dickinson School of Law; B.S. degree, University at Albany, State University of New York

· Can be contacted at 212-203-3255 or [email protected]

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