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Please cite the federal law.
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<p>[QUOTE="ratio411, post: 1356126, member: 26729"]I would think there are some states that require this.</p><p>Not for "anyone" selling coins, but anyone doing it as a profit endeavor.</p><p>My state, Florida, is pretty Nazified about this sort of thing.</p><p>They send revenue agents to flea markets, swap meets, and such to record who is there and give them paperwork to file sales tax.</p><p>I cleaned out my garage and took the stuff to a flea market type meet and was interviewed by the agent, along with everyone there, and when I didn't file paperwork in 60 days, I was harrassed and almost fined for not filing sales tax on yard sale items. They don't do it to everyone, the agent says they don't have the manpower, but said they would if they could.</p><p><br /></p><p>Any "hobby" type selling like this is considered a business here after 5 individual transactions in a year, and needs a business license.</p><p>The business licenses here are a whole other ball of wax. The type of business covered by a license is VERY narrow and does not cover any venture other than the stated mission of the business, and to boot, there is a requirement for many types of business to show competence in the subject. I don't know if a coin dealer is in that group, but I know you can't get a business license for a lawn service (example) and then sell coins using that license on the side.</p><p><br /></p><p>Just noting how different states might frown upon the practice.[/QUOTE]</p><p><br /></p>
[QUOTE="ratio411, post: 1356126, member: 26729"]I would think there are some states that require this. Not for "anyone" selling coins, but anyone doing it as a profit endeavor. My state, Florida, is pretty Nazified about this sort of thing. They send revenue agents to flea markets, swap meets, and such to record who is there and give them paperwork to file sales tax. I cleaned out my garage and took the stuff to a flea market type meet and was interviewed by the agent, along with everyone there, and when I didn't file paperwork in 60 days, I was harrassed and almost fined for not filing sales tax on yard sale items. They don't do it to everyone, the agent says they don't have the manpower, but said they would if they could. Any "hobby" type selling like this is considered a business here after 5 individual transactions in a year, and needs a business license. The business licenses here are a whole other ball of wax. The type of business covered by a license is VERY narrow and does not cover any venture other than the stated mission of the business, and to boot, there is a requirement for many types of business to show competence in the subject. I don't know if a coin dealer is in that group, but I know you can't get a business license for a lawn service (example) and then sell coins using that license on the side. Just noting how different states might frown upon the practice.[/QUOTE]
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Please cite the federal law.
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