Jump to content

Federal Form

Recommended Posts

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

Link to comment
Share on other sites

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.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Create New...