What is a sales tax permit?

Question

I want to put a booth at the flea market and they are asking me for a sales tax permit..What do I need to know about getting a sales tax permit? What does it mean? do i pay taxes at the end? do i charge taxes? can it cause me to loose money? Im confused about this,,I need help

is it difficult?

Answer 1

You apply at your state revenue department''s website.

You would collect sales tax from your customers and remit that sales tax to the state.

Generally, it should be a wash. If you collect $500 in sales taxes, you would remit $500 in sales tax to the state. Some states offer a discount to for paying on time and all states will penalize you if you are late.
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No, it is not difficult.