Reef Central Online Community - View Single Post - Coral wholesalers who sell to non store front businesses?

AquaticFins · 11/19/2011, 08:13 AM

A state sales tax license is not something that will help or hurt at "tax season."

It's simply required. Your profile says you live in Missouri; there is no amount of coral you can legally sell at retail (to the consumer) without a sales tax license. Doing so is a crime.

Here's the relevant statute. It applies both to corporations and individuals. http://www.moga.mo.gov/statutes/C100-199/1440000118.HTM

You could try to make the argument that you're not engaged in the business of selling coral. If you're not attempting to make a profit, you can sell up to $3,000 worth of your coral collection (and/or other belongings; $3,000 in total) a year in MO before you're required to collect sales tax. With that said, if you have to ask the question...you're probably not going to be winning that argument with the Missouri Department of Revenue.

Here's a FAQ page from the Missouri Department of Revenue that should help answer your questions on a state level. http://dor.mo.gov/faq/business/register.php

11/19/2011, 08:13 AM	#55
AquaticFins Premium Member Join Date: Dec 2002 Location: Michigan, USA Posts: 887	A state sales tax license is not something that will help or hurt at "tax season." It's simply required. Your profile says you live in Missouri; there is no amount of coral you can legally sell at retail (to the consumer) without a sales tax license. Doing so is a crime. Here's the relevant statute. It applies both to corporations and individuals. http://www.moga.mo.gov/statutes/C100-199/1440000118.HTM You could try to make the argument that you're not engaged in the business of selling coral. If you're not attempting to make a profit, you can sell up to $3,000 worth of your coral collection (and/or other belongings; $3,000 in total) a year in MO before you're required to collect sales tax. With that said, if you have to ask the question...you're probably not going to be winning that argument with the Missouri Department of Revenue. Here's a FAQ page from the Missouri Department of Revenue that should help answer your questions on a state level. http://dor.mo.gov/faq/business/register.php Last edited by AquaticFins; 11/19/2011 at 08:43 AM.