I was able to show some pens to a local bookstore, they bought 3 and would like to put some on consingment. I am now listed as a vendor with this store. Do I need a tax#? I would like to deduct some stuff for next year. I made all my displays. Is there anyone else thats doing this?
business or hobby
- Thread starter olsonrdh2
- Start date
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Monty
Group Buy Coordinator
Varies by state. Check with your state comptrollers office.
Andrew Arndts
Member
Are YOU charging the customer sales tax? As to what you stated, it sounds more like that you are a Supplier/Manufacturer. Regardless you should contact your states small business department or even your local economic development or the chamber of commerce they should know or at least provide as to where you can locate the information.
ed4copies
Local Chapter Manager
You won't have to collect sales tax. But you should get the permit to show you want to operate as a business. As others have said, go to your state's Dept. of Revenue or equivalent for more information.
mtgrizzly52
Member
Here you go for quick and comprehensive information for Idaho.
http://www.idahobizhelp.org/faqs_answers.htm
Rick (mtgrizzly52)
http://www.idahobizhelp.org/faqs_answers.htm
Rick (mtgrizzly52)
Maybe
It depends on how the sale is handled. If the bookstore records it as a normal sale and collects the tax when a sale is made you do not need a tax number. If they buy the pens and offer them for resale, you need to have a record of their tax number and the fact that they are exempt.
If they record it as the consigner making the sale they will collect the tax and pass it on to you, but you will have to have an tax number and report and pay the tax to the state. Having said that, if you make any sales to the end user, you will need to have a tax number.
It depends on how the sale is handled. If the bookstore records it as a normal sale and collects the tax when a sale is made you do not need a tax number. If they buy the pens and offer them for resale, you need to have a record of their tax number and the fact that they are exempt.
If they record it as the consigner making the sale they will collect the tax and pass it on to you, but you will have to have an tax number and report and pay the tax to the state. Having said that, if you make any sales to the end user, you will need to have a tax number.
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jd99
Member
Be glad your not in California, They want your first born, $25,000.00 bond, and a $1,000,000.00 EPA approved dust/Hazard waste collection system installed. Then you can sell your yearly $500.00 worth of pens. 
Oh and a large $$$ donation to the Governers favorite charity, but the check has to go through one of the governers aids to get to the charity.
Oh and a large $$$ donation to the Governers favorite charity, but the check has to go through one of the governers aids to get to the charity.