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| akabakov[at]shaw.ca wrote: - quote - > Hi, I have a question ... if I used a business entity to buy
You must register the entity as a seller with your state's> wholesale items for the purpose of selling them at the > retail level do I have to pay sales taxes at the wholesale > level? or is there some exemption available? revenue department. You will then get a seller's permit number and can give your vendor a valid resale certificate, which will allow you to purchase merchandise ex-tax for resale. You cannot give a valid certificate until you have a registration number from your state. 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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| kabakov[at]shaw.ca wrote: - quote - > Hi, I have a question ... if I used a business entity to buy
All the states I know of will issue a tax exemption number> wholesale items for the purpose of selling them at the > retail level do I have to pay sales taxes at the wholesale > level? or is there some exemption available? for items purchased for resale. You are then responsible for collecting sales tax when you resell the items and will be liable in some way for the tax on items which are neither sold or returned. -- Vic Roberts Replace xxx with vdr in e-mail address. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| <akabakov[at]shaw.ca> wrote: - quote - > if I used a business entity to buy
Probably not, but this is a question you need to address to> wholesale items for the purpose of selling them at the > retail level do I have to pay sales taxes at the wholesale > level? your accountant or your state sales tax people. -- Phil Marti Clarksburg, MD << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| Hi, I have a question ... if I used a business entity to buy wholesale items for the purpose of selling them at the retail level do I have to pay sales taxes at the wholesale level? or is there some exemption available? thanks, alex << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| buying, question, sales, taxes, wholesale |
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