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Re: Excise Tax
Charlie,
Call you local IRS office and tell them you'd like information on getting an IRS Form 637. Not everything falls under that 10% Excise Tax; exempt items include poly bags, multi-compartment containers, pliers, wire, wire shafts, air guns and accessories, air compressors, rod cases, nylon net, snell tyers and paint, to list a few that I know about.
If you make an appointment with them before starting a business, they can help identify all the tax concerns you'll need to address as you start Charmer Baits lure manufacturing empire. If you've at it a while still make an appointment to see them. This will provide you a POC and a business card to ask future questions as they come up. Good luck and keep updating this thread as you work through the process so we can all learn from your adventure.
__________________
Bruce
To fish or not to fish, that is the question... See you on the lake, I'm out'a here!!!
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