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Is A NYS Resale Certificate The Same As A Tax Exempt Certificate? |
Is a NYS Resale Certificate the same as a Tax Exempt Certificate? Flourishing to BJs Soon, Not sure what to have. Very confused about this new business thing.
| Answer: They are not the same. A resale certificate is against by a business, and is used only for purchasing things that you intend to sell later. You are not allowed to use it for purchasing fetish that you intend to use. A tax-exempt certificate is used by a charity or non-profit organization to purchase things for its use. You are not allowed to use it for purchasing things for your transaction or for yourself. |
There are two types of exemptions: intimate exemptions and exemptions for dependents. For each exemption you can deduct $3700 on your 2011 tax proceeds. Even though each individual tax return is different, some tax rules affect every person who may have