I started an online boutique store to sell items I make as well as drop shipping for other boutiques.... I am filling out my tax/use tax form and it asks if I am registering for sales tax. Then the definition is:
Register for Sales Tax if you:
-Sell tangible personal property to the end user from a Michigan location (wholesalers do not need to register).
Would I say yes or no to this for an online store?
2006-12-05 05:43:46 · 7 answers · asked by amber 1 in Business & Finance ➔ Taxes ➔ United States
You are selling tangible personal property and will be required to collect and remit sales taxes, at least on sales to the end user in your state. However, if you are selling to a boutique you should be able to get a resale certificate from them and you will not have to collect and remit the sales tax on the items sold to the boutique.
Good luck with your business.
2006-12-05 05:58:53 · answer #1 · answered by BHWMST 3 · 0⤊ 0⤋
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2016-12-23 02:43:51 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You would say "Yes." Tangible personal property refers to any type of property that you can reach out and touch, like a car or a computer or boutique items that you make. That differs from intangible personal property in that the value of intangible personal property is not inherent in whatever represents the property (for example, stock certificates or bearer bonds are intangible personal property because they're worth much more than the paper they are printed on when you cash them in).
2006-12-05 05:50:35 · answer #3 · answered by sarge927 7 · 1⤊ 0⤋
Tangible personal property (tpp)= merchandise.
You have intangible property such as copyrights and royalties. You have real property in the form of land, buildings fixtures etc. then you have TPP, items that can be touched, smelled etc.
If it is not an intangible or real estate, its probably TPP.
If someone can pick up what you sell and walkout the door with it in their hand it is TPP for licensing purposes.
2006-12-05 05:50:40 · answer #4 · answered by zudmelrose 4 · 0⤊ 0⤋
You are selling tangible personal property. That is property that you can lay hands on, as opposed to something like stocks or bonds, where the property isn't something that you can hold in your hand and look at.
2006-12-05 05:47:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋
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2017-03-08 13:58:27 · answer #6 · answered by ? 2 · 0⤊ 0⤋
at its simplest the answer is yes.
If you can touch it it is tangible
2006-12-05 05:53:06 · answer #7 · answered by ML 5 · 1⤊ 0⤋