Journal of
Accounting and Taxation

  • Abbreviation: J. Account. Taxation
  • Language: English
  • ISSN: 2141-6664
  • DOI: 10.5897/JAT
  • Start Year: 2009
  • Published Articles: 217

Full Length Research Paper

Bulk asset purchase transactions involving New York sales tax vendors: Be careful there and everywhere

James B. Biagi
  • James B. Biagi
  • School of Business and Global Innovation, Marywood University, Scranton, PA, USA.
  • Google Scholar


  •  Received: 01 September 2016
  •  Accepted: 18 October 2016
  •  Published: 30 November 2016

Abstract

This paper explores the potentially harsh impact of the bulk sales provisions of New York State’s Tax Law on the purchaser of assets (either personal, intangible or real) from a sales tax vendor other than in the ordinary course of business. The author also points out that New York is not alone in its treatment of these types of transactions.

Key words: Bulk sales, sales tax, sales tax vendor, personal liability.