How to Get Walmart Tax Exempt Status Step by Step - Tax Exemption Process Revealed

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How to Get Walmart Tax Exempt Status Step by Step - Tax Exemption Process Revealed

This is one of the most common questions I get about my Amazon drop shipping business so i wanted to cover it step by step in this video.

First off, if you’re just starting out with Amazon or Ebay drop shipping you do not need to worry about this at all..

I ran my business as a sole proprietor for a long time and made job replacing income without any issues.

For those more advanced drop shippers or ecommerce experts that want to increase profit margins through the power of Tax Exemption status look no further..

Step 1 : Setup and establish your US business entity (DBA, LLC, Inc;speak to a pro!)
Step 2 : Get your reseller permit
Step 3 : Submit your reseller permit to all the states on your suppliers site

If you do this properly your Walmart account will get tax exemption status in about 24-48 hours and in this way you will no longer have to pay taxes on your purchases from Walmart.

IMPORTANT : Be sure to turn on tax collection in your Amazon account so that Amazon will start collecting your taxes on all orders that require it on autopilot.

Your job is to then “remit” those taxes to the government based on the payment schedule they give you which ranges from monthly, quarterly, or yearly based on your annual sales revenue.

PLEASE speak to a pro before diving into this head first. I don’t want this to come back and bite you in the ass like it did for me!

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Disclaimer : This is not tax advice. This is based on my personal experience and should not be considered professional advice. Please consult with a professional for advice on taxes and business structure. I will not be held liable for any issues that may arise from following this video!

Видео How to Get Walmart Tax Exempt Status Step by Step - Tax Exemption Process Revealed канала Anoosh Kashefi