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State Tax Id | | StateTaxId | State Tax ID ( There are Two: a Sales Tax ID and an Employer ID )
1. State Tax ID (seller's permit)
When people talk about a "state tax id," they usually mean the state sales tax ID also called a seller's permit. This type of state tax id is used to buy wholesale and sell retail and in our site as well as most states call it a seller's permit.
wholesale ID is also a sales tax ID number (seller's permit) 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.
You can obtain a seller's permit here online. The price starts at $39 depending on your state -- see fees below.
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.
However, there is another state tax id that is called an employer identification number.
2. State Tax ID (state employer ID number EIN)
An employer state tax ID number is a number that all employers must have. If you are an employer, you will also need a federal tax ID number. State employer number requirements: Employers are required to obtain a State Employer Tax Id (EIN) and a Federal Tax Id (FEIN).
| | State Tax id (Employer Number) varies but average time is 1-3 DAYS
Here is an example on how to use a State Tax ID ( Seller's Permit ).
Pierre starts an online business from home selling online on Etsy from home.
He buys merchandise from wholesaler's and sells them retail.
To buy wholesale, Pierre will have to present a wholesale certificate to the wholesaler.
The wholesale certificate is just an one page, well, certificate that certifies that Pierre has a valid seller's permit ( resale ID ) and thus Pierre 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. Pierre 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, Pierre will pay the wholesaler exactly $1,000.
If he did not posses a State Sales Tax ID ( Seller's Permit ), he would have to pay about 8% tax and the purchase would cost Pierre $1,080.
So he saved $80 till he sells the dolls and collects the 8% from the person that buys the doll from Etsy. | | The State Employer ID costs $79
A Seller's Permit costs:
Starts @ $39
Hint: Add Your State's Fee to the $39 Fee To Find Out Total Price For Your Seller's Permit.
For example, CA Seller's Permit Total Price is $39 because there is no additional fees.
A Seller's Permit is ALSO CALLED a resale ID, wholesale ID, retail ID, re-seller's license, state sales tax ID, tax ID, resale number, resale certificate, or vendor's license). You will need it to buy or sell wholesale and sell in small amounts (retail). | |
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