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| jwilliams32[at]stny.rr.com (John J Williams Jr.) wrote: - quote - > I have just started a web business in new york state,but i
You won't need an FEIN for the business unless you are going> have a few questions. This is a sole propritorship. Do i > need a federal ein # and a seperate nys # for my business? > Are their any other laws on e-commerce selling that i shoud > be aware of? I am aware of my personal state tax # which is > my ssn. > Any insite would be helpful. thanks to have employees. You won't need a state number unless you have employees OR sell tangible personal property or services that are subject to sales tax in New York. If you are selling tangible personal property, you must register as a seller with the NY Department of Revenue, and collect and pay over sales or use tax on any sales shipped to addresses in New York State. (It's sales tax if the property is shipped from New York; it's use tax if it is drop shipped from outside the state, by a related or unrelated supplier.) You are not responsible for collecting or paying sales or use tax to any other state unless you have a physical presence there. A physical presence would include inventory that you own that is located in the state. You should contact the NY DOR before you start doing business and make sure that you are in compliance with state tax laws. If your business does not require registration as a seller, they will tell you that. Katie in San Diego The foregoing is intended for educational purposes only and does not constitute legal or professional advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| John J Williams Jr. wrote: - quote - > I have just started a web business in new york state,but i
Disclaimer -- I've never earned money within 1000 miles of> have a few questions. This is a sole propritorship. Do i > need a federal ein # and a seperate nys # for my business? > Are their any other laws on e-commerce selling that i shoud > be aware of? I am aware of my personal state tax # which is > my ssn. > Any insite would be helpful. thanks NY, so they haven't decided I own them taxes -- yet. From the looks of this business, you don't need a federal EIN unless you have employees or a pension plan. In California, also known for taxing anyone who can spell "Kalifornia" (close enough), you wouldn't need a state employer ID, but you would need a sales tax ID. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| I have just started a web business in new york state,but i have a few questions. This is a sole propritorship. Do i need a federal ein # and a seperate nys # for my business? Are their any other laws on e-commerce selling that i shoud be aware of? I am aware of my personal state tax # which is my ssn. Any insite would be helpful. thanks << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| business, ecommerce, info, nys, tax |
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