Sales Tax Exemption Form

[cman]

I recall a few members on here had tax exemption forms as resellers. Can anyone who has gone through the process or understands it well pm me or reply below what should be considered before someone like me fills one out?

For reference, I am a PA resident who would need to fill out the following form: www.revenue.pa.gov/FormsandPublications/FormsforBusinesses/SUT/Documents/rev-1220.pdf

Thanks in advance!

[gottaketchumall]

There isn’t much to consider. Use it if you legally can, when you legally can. I live in NY, have a registered business, sales tax certificate of authority, buy items for resale, and used this one.

Are you operating as a business and have the proper certificates/registrations with your state? (looks like “PA Sales Tax Account ID” here). Are you buying items only for resale? If so then fill out the forms and don’t pay the tax because you don’t legally have to. Don’t buy items for personal use or your collection using this certificate. Don’t use this if you don’t have an actual business that you pay income tax on any profits from.

If you fill out the form you best be doing everything on the up and up. Misuse of the form can lead to “Criminal felony prosecution, punishable by a substantial fine and a possible jail sentence”.

Disclaimer: I am not a lawyer or a tax professional. One or both should be consulted for actual advice in lieu of internet strangers myself included.

[cman]

@gottaketchumall

There isn’t much to consider. Use it if you legally can, when you legally can. I live in NY, have a registered business, sales tax certificate of authority, buy items for resale, and used this one.

Are you operating as a business and have the proper certificates/registrations with your state? (looks like “PA Sales Tax Account ID” here). Are you buying items only for resale? If so then fill out the forms and don’t pay the tax because you don’t legally have to. Don’t buy items for personal use or your collection using this certificate. Don’t use this if you don’t have an actual business that you pay sales tax on any profits from.

If you fill out the form you best be doing everything on the up and up. Misuse of the form can lead to “Criminal felony prosecution, punishable by a substantial fine and a possible jail sentence”.

Disclaimer: I am not a lawyer or a tax professional. One or both should be consulted for actual advice in lieu of internet strangers myself included.

Last part was what I was concerned with and wanted to double-check with someone. Not a registered business. Not going to move forward with doing so, so will not be considering a tax exemption form any longer.

Thanks!