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Illinois Department of Revenue Reg 4 D Form

Illinois Department of Revenue Reg 4 D Form

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Instructions and help about Illinois Department Of Revenue Reg 4 D Form

Hi there, it's Greg with StartingYourBusiness.com And today I want to talk about the differences between a seller's permit and a resale certificate. So while these terms are related, it's easy to confuse the two. And I'd like to take a couple of minutes to clarify the differences. First off, a seller's permit, which depending on the state may be referred to as a sales tax permit, sales tax license, or even a business tax number, is a state requirement for a business that is physically operating in a state that collects sales taxes, or if that business is selling a certain amount of merchandise to the residents of another state. It's important to note that some states also require a business to obtain a sales tax permit, even if they are physically operating there and not selling a taxable product or service. This is referred to as nexus and includes not only the primary state where the business operates, but when a business physically ope

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