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What is sales tax?

It is kind a Tariff or tax, which is charged to buyer on purchases of taxable products.

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sandra agee wrote on : Tue Jan 19th,2010 Back to Article

is your state tax i.d. number required as proff of ownership for the purpose of acquiring insurance coverage for time off work due to illness or other insurance. Is your lease,county business registration enough information? Thanks. Also can more than one person be on the tax i.d number if you add someone what does that give them as beneficial. Is thisproff of ownership.

Reply : infotaxsquare.com

Dear Sandra Agee: Thanks for choosing InfoTaxSquare.com for your business needs. The purpose of sales tax id is to collect sales tax from your clients or avoid paying sales tax to your suppliers. All officers, owners or members names must be included while applying for sales tax id number because it is required by law.

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