Kathy Andrist · Saint George, UT
The owner told us: “Rental property owner.”
Long-term rentals of homes are generally not subject to sales tax, but short-term lodging often is, so Utah's Sales Tax License depends on how you rent. The Form TC-721 Exemption Certificate only covers items you resell, so it rarely applies here. Many owners hold property in an LLC for liability protection and use an EIN for banking and bookkeeping. Tell us how you rent and we can advise.
Short answer: Obtain Tax ID Number St George Utah Property Rent: in Utah, what most people call a wholesale license is the Sales Tax License. With it, and a Form TC-721 Exemption Certificate for your suppliers, a rental property business can buy inventory for resale without paying sales tax up front.
Utah calls its seller's permit the Sales Tax License. Suppliers selling to you tax-free will ask for a Form TC-721 Exemption Certificate. Suppliers generally accept a resale certificate only from a buyer registered for sales tax, so even a business that mostly buys and sells wholesale usually registers. Utah is a Streamlined Sales Tax member state; its TC-721 form covers resale purchases. Supplies you use up in a service are usually taxed when you buy them, since they aren't resold.
Industry code: NAICS 531110 (Lessors of Residential Buildings and Dwellings)
Get your Sales Tax License filed · Start your LLC, DBA and EIN · Business licenses
Gig · Flint, TX
A ring of keys jingling at the door, fresh paint drying in an empty unit and a tenant waving from the porch.
Short answer: Buy Wholesale In Texas: the key filing in Texas is the Sales and Use Tax Permit. Suppliers will ask for its number and a Texas Sales and Use Tax Resale Certificate (Form 01-339) before they sell to you tax-free.
Texas calls its seller's permit the Sales and Use Tax Permit. To buy for resale without paying sales tax, you give the supplier a Texas Sales and Use Tax Resale Certificate (Form 01-339). Texas expects sellers of taxable items, including wholesalers, to hold a permit, and resale certificates require the buyer's Texas taxpayer number. In Texas a customer's permit number alone is not a substitute for a signed resale certificate. Rental property owners provide a service rather than reselling goods, so repair supplies and appliances for the units are normally taxable when bought, though some purchases may qualify for exemptions.
Tip: Keep a separate bank account for each property or the whole portfolio, because mixing rent with groceries makes April feel like a heist movie.
Get your Sales and Use Tax Permit filed · Start your LLC, DBA and EIN · Business licenses
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All Businesses Need a Saint George Business License & a Trade Business Name ( Washington County Trade Business Name required if using a trade name).
Retailers / Wholesalers, Need a Reseller Tax ID, & a Business License.
Employers Need a Federal Tax Id Number (EIN), a UT State Tax Id ( State EIN), & a Business License.
Corporations, & LLC Need a Federal Tax Id Number (EIN)& a Business License.
Partnerships Need a Federal Tax Id Number (EIN) & a Trade Business Name, but also need a Business License.
Sole Proprietors May Use a Federal Tax Id Number as a UT Business Tax ID but also need a Business License.
Instead of filing a Trade Business Name, You Can Incorporate in UT or form a(n) UT LLC & You Will Not Need To File A DBA
The licenses below are required for all businesses including internet as well as home and businesses like Etsy etc.
1. Property Rental Nearly all businesses need a(n) , Saint George business tax registration.
2. Property Rental All Businesses that use a business name to trade that is other than the surname and first name of a sole proprietor or a fictitious business name other than the LLC or Corporation legal name need a(n) Washington County DBA assumed business name certificate.
3. In UT you may also need a tax id called a resale tax ID or seller's license if you are selling touchable items. ( A.K.A UTseller's permit, state id, wholesale, resale, reseller certificate).
4. Keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number as well. I.e., a UT Federal Tax ID Number and a(n) UT State Employer Tax Number.
5. Instead of filing a fictitious business name DBA Filing in Saint George, Incorporate in UT or form a(n) LLC.