0
A resale certificate is for retail stores that must collect and pay sales tax. So that sales tax is not collected twice on the same item, the retailer submits a certificate to their wholesaler so that sales tax is only charged to the end consumer.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is the word for partial refund?
Resale
How it is called partial refund?
It can be called a resale.
When purchasing merchandise for resale what journal is the transaction recorded in?
journal
Assets purchased for resale are recorded in which of the following accounts?
Merchandise Inventory
How do you write a letter requesting tax exemption certificate from another company?
A resale certificate is a written statement signed by a buyer (or customer) and provided to the seller (feel free to insert company name here instead of "the seller"). This document is evidence that 'the buyer' has purchased goods for resale and not for their own use. A properly completed resale certificate can be submitted to establish the wholesale status of your account with us. It is our policy to maintain a copy of all *applicable documents pertaining to sales and use tax as part of our records. If we do not have a properly executed certificate or necessary documents, we are obligated to collect all taxes for the state in which the tangible property is SHIPPED TO (regardless of the bill to address). Feel free to contact us using the information listed below if you have any questions or concerns regarding forms, instructions, or to submit your documents. You are a valued customer and your time and response is greatly appreciated. Thank you, {SIGNATURE GOES HERE} (your name or tax admin name TYPED here) (insert email address) email (xxx.xxx.xxxx) phone (xxx.xxx.xxxx) fax *If a shipment is delivered to the state of New York, a specific ST120 form is required within 30 days of the first sale and before another order can ship. If a shipment is delivered to the state of California, a specific BOE230 form is required within 30 days of the first sale and before another order can ship.
Florida Department of Revenue certificate of registration?
I misplaced my Florida Annual Resale Certificate For Sales Tax For This Year 2012
How do you get a wholesale license in San Antonio TX?
Check your state tax board's site- you need a seller's permit or resale certificate, then you can buy wholesale.
What is another word for resale?
Another word for resale is merchandising. Another word that you could use instead of resale is marketing. Resale is when one buys something to sell it.
What is the proper grammar resell or resale?
resale
Where do you get a resale license?
You can get a resale license from your state office.
How do you order straight from the factory of topps?
You need a resale certificate or seller's permit, whatever it is called in your state to order direct wholesale and a lot of available credit to meet their minimum order.
Do dry cleaners have to pay tax on their purchase of hangers and plastic bags in NYC?
No. The hangers and plastic bags are being purchased for resale. The dry cleaner fills out a Resale Certificate (ST-120) and provides it to the company who sells supplies to them...and does the same for every other company they buy stuff from. The supplier will record the amount of product sold to each company that provided him a certificate, and will report those sales as "nontaxable sales" on his annual sales tax report.
What is needed to start a used car business?
Business license, assumed business name certificate, tax resale number. Plus your location, rent/utilities/phone. And some cars to sell.
Can labor be resale?
The labor or hard work of one individual can not be for resale.?æThe resale of labor is considered slavery, and is illegal.?æ
What is 'resale' when translated from English to Italian?
"Resale" in English is rivendita in Italian.
How do you obtain resale certificate from Holland Meadows HOA?
Although their may be multiple associations with this name, online there appears to be one -- in Mansfield, Texas. If this is the association that you want to deal with, you can follow the link below, to their home page.
What is a fair resale price for a 96 Impala ss?
"To find a fair resale price for a 96 Impala SS, check out automobile resale magazines or automobile resale websites for comparison. The price will also depend on the condition of the car."
