answersLogoWhite

0

Some businesses, non-profits, and other organizations are given "tax exemption" - usually city/county officials being the primary. By showing their tax exempt number at a register, they do not have to pay sales tax on their purchase.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

How many digits in a tax exempt number?

The Tax Exempt number contains 11 Digits Altogether


What does tax exempt number means?

A tax-exempt number is a unique identifier assigned to organizations that qualify for tax-exempt status, such as non-profits or religious institutions. This number allows these entities to be exempt from paying certain federal, state, or local taxes. It also enables them to make purchases without paying sales tax, provided they present the appropriate documentation. Obtaining a tax-exempt number requires meeting specific criteria set by the IRS or relevant tax authorities.


Are a Tax ein number and a tax exempt number the samething?

NO - a tax EIN number is an Employer Identification Number. This is like a Social Security Number of sorts for a business. If a business is Incoporated and/or has employees this number identifies the business as such and is the number the payroll taxes are filed under. It has nothing to do with the tax exempt status.


Can you share a tax exempt number?

Each entity must have its' own.


Not tax exempt do i tax this?

Not tax exempt would mean that it is subject to taxes. Yes you would tax any thing that is not exempt from taxes in your business operation.


Is insulation tax exempt?

NO. Insulation material is not exempt from income tax.


Is a LC small business tax exempt?

LC business be TAX EXEMPT NO NOT POSSIBLE FOR ANY TYPE OF LC BUSINESS TO BE TAX EXEMPT.


How do you get dollar general to honor tax exempt status in Oklahoma?

where do I get application for tax excempt at dollar stores, I have tax id number


When were tax-exempt MMMFs created?

Tax-exempt MMMFs debuted in 1979


How do you find your tax exempt status number?

IF you have one, it is part of your approval letter.


What are the IRS Tax exempt codes?

IRS tax exempt codes are codes that are given to businesses that are tax exempt. These businesses include non-profit organizations.


Are computers tax exempt under the Virginia tax holiday?

No, only items under $100 dollars are exempt in VA's tax exempt holidays. I wish they were!