what is the board of equalization seller's permit ??? no comments
all dealer applicants must obtain a seller’s permit from the california board of equalization
the board of equalization locations:
http://www.boe.ca.gov/info/phone.htm
the board of equalization seller’s permit application form:
http://www.boe.ca.gov/pdf/boe400spa.pdf
the dealer applicant will be asked to estimate their monthly retail sales
the estimate will dictate the reporting cycle of the dealership
if the dealer applicant estimates monthly retail sales above 15K per month:
the dealer will report sales and post taxes in 30 day cycles
if the dealer applicant estimates monthly retail sales below 15K per month:
the dealer will report sales and post taxes in 90 day cycles
if the dealer applicant estimates monthly retail sales at zero ( wholesale only dealer ) :
the dealer will report sales and post taxes in annual cycles
the board of equalization seller’s permit is issued at no charge
but
in some situations
a cash deposit or bond may be required
the board of equalization seller’s permit is necessary for acquisition and disposal of inventory
to maintain the sales tax exemption when acquiring a vehicle from another licensed dealer
the selling dealer needs to collect:
photo ID of the buying dealer or representative
a copy of the buying dealer’s valid dealer license
a copy of the buying dealer’s seller’s permit
failure to collect these documents could create a taxable event
and sales tax could be required from the selling dealer
documentation of exemption at aquisition is the sellers responsibility
the report sent to the dealer in cycles requires reporting of all:
retail sales
wholesale sales
out of state sales
out of country sales
personal use of inventory vehicles
good luck
thx
charlotte
800-901-5950
