Your federal tax id number is issued to corporations, businesses, estates, trusts, and partnerships by filing form SS-4 with the IRS. Sole proprieterships reporting income on schedules C, F, or E typically use the owners social security number. Resale numbers and certificates deal with your state's sales taxes, if applicable. At least here, farm equipment used for farming purposes for food animals is tax exempt. But, as a seller/reseller you would be responsible for collecting sales taxes or the appropriate exempt forms. Here, at least, services are not taxable for sales tax so a lot of shops/people pay the sales tax when purchased or on their state tax return at the end of the year and any mark up on parts is 'hauling' or some other item not subject to sales tax. None of this is offered as tax advice, just my understanding of what my accountant told me that applies to my own situation. I'm a sole proprietership, reporting every penny on schedules D,E, or F who pays sales tax on all resale items reported on state returns at the end of the year.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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