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Tax ID Required for Dropshipping and Wholesale

by DURABLEOILCOM
2 replies
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Is a business Tax ID Required to get into the dropshipping or wholesale business?
#dropshipping #required #tax #wholesale
  • Profile picture of the author TorrenceJ
    Depends on your suppliers,some might want your tax id,some might accept a ssn,some might want a resale certificate and a tax id,just check with your supplier.It doesn't hurt getting one though,it's safer to put that number out than to have your ss floating around not to mention when tax time comes it can be separated(if you have income coming in through your ss).
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  • Profile picture of the author violet0176
    Yes, *if* you're dealing with legitimate wholesale suppliers, distributors and manufacturers. As a Sole Proprietor, you can use your Social Security number as your tax ID. Suppliers also require a Resale Certificate(Sales & Use Tax) which determines your sales tax obligations
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