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Old 07-25-2009, 12:44
devilicious devilicious is offline
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Join Date: Apr 2009
Location: Long Island, New York
Posts: 2,145
Default Re: Tell me about tax ids and such

Originally Posted by ThreeBlessingsBowtique View Post
The EIN is free but the tax id number so you can buy tax exempt is not free
From what I saw on the IRS website, a "Tax Exempt" number is different than the Tax ID or EIN. To set yourself up as a business all you need is a Tax ID or EIN number - which is free. Once you have that number and you purchase things through a wholesaler (with a business number) you don't pay tax.

I have never tried to use my Tax ID or EIN in regular (non-wholesale) stores to not pay sales tax since I don't want to pay retail prices for my supplies. Sometimes a non-profit business will use those forms (tax exempt) to purchase things without paying sales tax.

Last edited by devilicious; 07-25-2009 at 12:46.
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