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mephisto
- Senior Member - 1K
posted: Mar. 15, 2005 @ 6:35p
consignmentdrop said:In other words, I think that you will find that you rarely use your reseller's license if you are buying FW deals and reselling on E-Bay.Have you actual experience with your statement? I know for fact from personal experience that Dell, Staples, OfficeMax, Office Depot, Best Buy, Circuit City, Target, Wal-Mart, Kohl's, Toys R Us, CostCo, Newegg and more accept tax-exempt certificates and issue tax-exempt accounts. |
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consignmentdrop
- Member
posted: Mar. 16, 2005 @ 8:57a
mephisto said:consignmentdrop said:In other words, I think that you will find that you rarely use your reseller's license if you are buying FW deals and reselling on E-Bay.Have you actual experience with your statement? I know for fact from personal experience that Dell, Staples, OfficeMax, Office Depot, Best Buy, Circuit City, Target, Wal-Mart, Kohl's, Toys R Us, CostCo, Newegg and more accept tax-exempt certificates and issue tax-exempt accounts.
Are you saying that it is easier to jump through all hoops getting sales tax refunds from companies that are NOT set up to deal with resellers then to just get the sales tax refunded by your state? Note: I never said that you couldn't buy stuff at retail stores without paying sales tax. I just implied that it was too much of a pain and not worth it. As an example here is what Target says:
-------------SNIP--------------
Tax-Exempt Guests Is your organization tax-exempt? Here’s how to receive a refund for the tax on your purchase: 1. Place your order as usual at Target.com. 2. Once you've placed your order, you’ll need to fax us the following information: • Your e-mail address and/or order number • A copy of your resale certificate, exemption certificate, or other acceptable proof of exempt status in the state where the items will be shipped. (If restricted, please include the names of individuals authorized to place tax-exempt orders on behalf of your organization.) 3. Mark your fax “ATTN: Tax Exempt” and fax it to (206) 266-2005.
While you need to submit this information to us only once for a U.S. government or blanket exemption certificate, you do need to contact us after placing each order to ensure you are refunded the tax on your purchase. If you submit a single-use exemption certificate, you will need to resubmit a new certificate with each order.
-----------SNIP--------------- So are you going do that with every store for every item you buy as a FW deal or are you going to do one big filing at the end of the year with your state? I made my choice and posted my opinion. Now why don't you share some of that vast experience of yours with the thread instead of just sniping.
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mephisto
- Senior Member - 1K
posted: Mar. 16, 2005 @ 9:26a
For Dell, Staples, OfficeMax, Office Depot you setup tax-exempt accounts and every purchase you make in-store or online is automatically treated tax-exempt. B&M you simply present your tax-exempt card during checkout.
Other .COM vendors such as Target require you to fax your tax-exempt certificate either once to setup tax-exempt account (i.e. Newegg) or at least contact them for every order (i.e. Target). Big deal as it just takes a few minutes to save an immediate 7-9%.
To get paid sales tax refunded at end-of-year you need to have as much offsetting sales tax collected. Once you request a credit for paid sales tax you'll have to submit proof why. |
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consignmentdrop
- Member
posted: Mar. 16, 2005 @ 9:55a
Yes the office stores are set up to deal with tax exempt customers and they are good ones to set up tax exempt status with.
I, personally, wouldn't set up my Dell account as tax exempt. Many of the deals are "not for resale". If you are buying these deals and not paying sales tax on them, aren't you just asking for trouble?
I don't pay tax on Dell's home deals and also don't pay tax at Newegg. B&M deals are only a small part of my purchases because I don't find most of them to be worth my time (many of the are YMMV) and I have made too many dry runs attempting to do them. As for buying online from the stores where tax does apply for me (Target, BB, WalMart, Circuit City, etc). I don't find it worth my time trying to get the sales tax back. I average paying about $50 in sales tax on about $10,000 worth of purchases (given that I don't do many deals where sales tax applies) so it is only about 1/2 percent to me.
As for the restrictions on getting your overpaid sales tax refunded from the state, I was not aware of them. But you very well could be right or it might vary from state to state. This will be my first year filing for the refund and I have not worked through the forms yet. |
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i3ighead
- Senior Member - 1K
posted: Mar. 16, 2005 @ 10:39a
Many online suppliers and manufacturers will not even speak to you if you dont have a tax certificate though.... |
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