Do I Need a Sales Tax ID Number?

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Summary: Sales tax ID numbers, or resale numbers, are necessary if someone is required to collect sales tax, and this applies to retailers, wholesalers and people who are going to be leasing property or selling services. Find out how to apply for sales tax ID numbers with information from an independent CPA in this free video on sales tax ID numbers.

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By Miranda Chook
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Miranda Chook is a CPA with expertise in international operations. She has held executive positions with both publicly listed and privately held companies. In addition to her finance...read more

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Video Transcript

"My name is Miranda Chook, a CPA. Now a sales tax ID number is sometimes referred to as a resale number or a resellers permit or wholesalers ID and they're different terms that vary from state to state. But basically if you are required to collect sales tax, you need to get one of these ID numbers. And this applies if you are a retailer, a wholesaler or you're going to be leasing property and also if you're going to be selling services. This also applies whether your business is in a brick and mortar location, online or even if your store is online but part of eBay. So in order to apply for one of these sales tax ID numbers and for more information, contact your state's taxing authority."

eHow Article: Do I Need a Sales Tax ID Number?

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