Charging State Sales Tax on Resale of Toys
Asked by: amanda - 12 April, 2011
I'm buying toys at wholesale then selling them at home parties. Do i need to charge sales tax?
I'm buying toys at wholesale then selling them at home parties. Do i need to charge sales tax?
Answered by: Robert Kowalski - 17 April, 2011
Dear Amanda,
Yes, even though this may be a small business, where you sell the toys in people's homes, you still need to collect and remit state sales tax. Moreover, the wholesales shouldn't even be selling to you without you showing them proof of your Sales Tax ID.
Dear Amanda,
Yes, even though this may be a small business, where you sell the toys in people's homes, you still need to collect and remit state sales tax. Moreover, the wholesales shouldn't even be selling to you without you showing them proof of your Sales Tax ID.
