Hello folks,
I have small computer Business in Ozark, Mo. I want to know how one is supposed to handle sales tax for the buy and sale of hardware. For Example, if I purchase an Item and pay sales tax for it at the time of purchase and turn around and sale it to the customer for the exact same price, Do I just pass that cost and tax exactly as I paid for it? If I sale it for more, I re-adjust for the higher price?

Also, there is a deal here, Wal-Mart clearance of 50" 720p Vizio plasmas for $995. I have been using these for HTPC's I have been building for people. I would like to purchase 8 of them for later resale, How would I handle sales tax on that?

I have been told that I can fill out some form with Wal-Mart and not have to pay it at the time of purchase, If that is the case, How do I do that and keep thing legit?

Any help greatly appreciated.

**Edit** I found out at-least part of an answer to one of my questions, I can purchase from Business without paying sales tax by presenting my Tax-ID number and filing a form 49 with the retailer. I then have to charge sales tax when I re-sale the item.

**EDIT**
Updated for people who give advice without following it them self's.

You have to pay tax and collect tax from your customer to break even.

SimpleMoney said:Your accountant will give you a sales tax exemption form to fill out provided that your business is listed as selling those specific items.

Somehow considering you dont know how to spell business correctly, you likely need an accountant if you dont already have one.

Business is a little more difficult, what is your excuse for misspelling don’t?

I fail to see how my spelling abilities have anything to do with my accounting abilities.

traker1001 said:--Snip--

**Edit** I found out at-least part of an answer to one of my questions, I can purchase from Business without paying sales tax by presenting my Tax-ID number and filing a form 49 with the retailer. I then have to charge sales tax when I re-sale the item.


**EDIT**
Updated for people who give advice without following it them self's.

I think you meant to say form 149.