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| Resale Tax ID |  | | ResaleTaxID | Resale Tax ID
A Resale Tax ID is an ID number that you need if you sell or lease taxable equipment and or merchandise. You can buy or sell wholesale or retail with this number.
Important: A resale ID is called a seller's permit and that is how we refer to it here.
A Resale Tax ID is also called sales tax ID number, seller's permit or wholesale tax id, etc is an ID number that you need if you sell or lease taxable equipment and or merchandise.
You can buy or sell wholesale or retail with this number. AKA resale ID, seller's permit, re-seller license etc.
Note that in some states, you are required to get a federal tax ID before a resale ID is issued.
The resale certificate is part of the seller's permit service we offer on this site.
Once you obtain the seller's permit from us, it will include the resale certificate you will need to buy wholesale. |
| Takes 1-5 business days but there is an expedited option at check out.
Here is an example on how to use a resale ID.
Bob starts an online business from home selling on ebay and amazon. He buys merchandise from wholesaler's and sells them retail.
To buy wholesale, Bob will have to present a wholesale certificate to the wholesaler.
The wholesale certificate is just an one page, well, certificate that certifies that Bob has a valid seller's permit ( resale ID ) and thus Bob can buy wholesale.
The resale certificate is part of the seller's permit service we offer on this site.
Once you obtain the seller's permit from us, it will include the resale certificate you will need to buy wholesale.
Buying wholesale, of course, means that he does not pay any sales tax to the wholesaler.
Bob pays only the price of the item or items he buys from the wholesaler.
So, for instance, if he buys 1,000 dolls at $1 per doll, bob will pay the wholesaler exactly $1,000.
If he did not posses a resale id ( i.e., a seller's permit ), he would have to pay about 8% tax and the purchase would cost Bob $1,080.
So he saved $80 till he sells the dolls and collects the 8% from the person that buys the doll from ebay or amazon. |
| | Seller's of taxable merchandise and lessors of taxable equipment |
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