http://smallbusinessmerchantaccounts.org/do-i-need-a-business-permit-or-license-to-sell-on-ebay-what-kind-of-tax-id-number-will-i-need.htm Sat, 19 May 2012 13:09:46 +0000 http://wordpress.org/?v=2.7.1 hourly 1 http://smallbusinessmerchantaccounts.org/do-i-need-a-business-permit-or-license-to-sell-on-ebay-what-kind-of-tax-id-number-will-i-need.htm/comment-page-1#comment-1267 Tweedle Dee Mon, 05 Oct 2009 16:07:13 +0000 http://smallbusinessmerchantaccounts.org/do-i-need-a-business-permit-or-license-to-sell-on-ebay-what-kind-of-tax-id-number-will-i-need.htm#comment-1267 You don't a permit or license to sell on ebay but if you're a legitimate business then yes you should get them so you can buy wholesale and not pay sales tax. You would get a federal id tax # and a local sales tax #. As for proof of income; you'd need to keep accurate records on your business transactions and keep business accounts separate from personal accounts and have bank statements and income tax statements to prove your income. You don’t a permit or license to sell on ebay but if you’re a legitimate business then yes you should get them so you can buy wholesale and not pay sales tax. You would get a federal id tax # and a local sales tax #. As for proof of income; you’d need to keep accurate records on your business transactions and keep business accounts separate from personal accounts and have bank statements and income tax statements to prove your income.

]]> http://smallbusinessmerchantaccounts.org/do-i-need-a-business-permit-or-license-to-sell-on-ebay-what-kind-of-tax-id-number-will-i-need.htm/comment-page-1#comment-1268 Auctionwally Mon, 05 Oct 2009 16:07:13 +0000 http://smallbusinessmerchantaccounts.org/do-i-need-a-business-permit-or-license-to-sell-on-ebay-what-kind-of-tax-id-number-will-i-need.htm#comment-1268 You do not need a license or permit to sell your own items on eBay, but your city or State may require an auctioneers license to sell consignments. You can use your social security # for tax purposes. If your concerned about getting a home loan, they will most likely go by your bank deposit records. I've dealt with this issue and as a self employed person, that's what they look for. It doesn't matter so much where your earned income comes from, but they want to see deposit record. I've written a few articles on how to get started on eBay, check my source site below and click on the label eBay. Good Luck. You do not need a license or permit to sell your own items on eBay, but your city or State may require an auctioneers license to sell consignments.
You can use your social security # for tax purposes.
If your concerned about getting a home loan, they will most likely go by your bank deposit records. I’ve dealt with this issue and as a self employed person, that’s what they look for.
It doesn’t matter so much where your earned income comes from, but they want to see deposit record.
I’ve written a few articles on how to get started on eBay, check my source site below and click on the label eBay.
Good Luck.

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