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<p>[QUOTE=&quot;fatima, post: 1118654, member: 22143&quot;]You don&#039;t seem to know how this works.&nbsp;&nbsp; Teachers/educators don&#039;t apply for tax id numbers to avoid sales tax on work related expenses.&nbsp; This is handled on the individual&#039;s income tax forms as a deductible item.&nbsp;&nbsp; A sales tax number is used by a business to avoid paying sales tax on items they are purchasing for resale, because they will be collecting the sales tax from their customers.&nbsp; It required to keep multiple sales taxes from being applied each time an item moves between suppliers.&nbsp; &nbsp;&nbsp; Furthermore, this is a rather straightforward transaction that only involves state sales tax.&nbsp;&nbsp; </p><p><br /></p><p>You are taking this this particular situation and making the mistake of assuming that because the sales tax number is simple, then the 1099 law would be simple as well.&nbsp;&nbsp; This would be a logical fallacy.&nbsp; This new law is a nightmare of reporting both for the vendor and the individual that will get sucked into it, because it might possibly mean they have to itemize their taxes instead of filing a short form.&nbsp;&nbsp; This even if they lose money on the coin sale.&nbsp;&nbsp; The issue isn&#039;t in the mechanics of how its reported or filed, its an issue of horrendous record keeping, which, for the most part, you have to keep a paper record of said transaction.&nbsp; I will also point out that regardless of whether its electronically filed or not, each 1099 filed by a small business costs them money in accounting fees.[/QUOTE]</p><p><br /></p>

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