# Remote-seller grace period

> Remote-seller grace period — The time a seller with no physical presence has, after crossing a state's economic nexus threshold, before it must register and collect — immediately, the first day of a following month, or the next calendar year, depending on the state.

Source: https://lopifi.com/glossary/remote-seller-grace-period
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is remote-seller grace period?** In accounting, remote-seller grace period means the time a seller with no physical presence has, after crossing a state's economic nexus threshold, before it must register and collect — immediately, the first day of a following month, or the next calendar year, depending on the state.

## Words this system refuses for it

- amnesty
- safe harbor

- **Category:** Tax
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** economic-nexus, period