What? You didn't pay sales tax on your property preservation services?

Approximately 45% of property preservation and inspection services should be taxed in accordance with state and/or local statutes.  If you are servicing properties/loans within multiple states, you may be creating nexus and have sales/use tax liability.

Be aware – there are no statutes of limitation on collecting sales or use tax!  If you are a vendor OR servicer and need help determining sales & use tax requirements for inspections, preservation, and REO services by state, email us at info@aimyourway.com.  We can help!

 

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