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 Notice of Closeout Form 2016-2025

65 California 2016-2025 Form

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Instructions and help about closeout escrow

Music hi I'm Greg welcome to understanding the resale certificate a resale certificate is a document used to support that a sales transaction was for resale and not subject to tax a resale certificate is not a seller's permit or business license if you're a seller you will accept resale certificates from purchasers if you're a purchaser you will provide a resale certificate to the seller Donna can you explain what sellers need to do when they accept resale certificates sure Greg if you're the seller you need to obtain a resale certificate from each purchaser who plans to resell the merchandise to document that the sale is exempt from tax for example if you manufacture bicycles, and you sell those bicycles to a bike store who will resell them you need to obtain a valid resale certificate from the purchaser to document that the sale is for resale the resale certificates must contain some essential information the name and address of the purchasers business the sellers permit number or an

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