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There was some material I wanted to purchase today at bulk pricing but they wouldn't sell to me without a number 637 form. I assume that is the Federal ID number. Can anyone tell me how to obtain this number and am I looking for problems like forms to fill out quarterly etc. I don't sell my baits but do share with my friends. Do I really want to do this? Any help would be appreciated. Thanks, Pop

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The 637 is proof to the seller that you are going to use the items in question as part of an item for further resale and that you will pay the 10% excise tax so they don't have to. That keeps you from paying a double tax. However, if you register a form 637 you had better file a quarterly 720 or the Feds will be coming.

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