Over the past year we have been advising everyone about requirements for your Federal Excise Tax number, Form 637. This form allows you to not be charged the Federal Excise Tax on fishing lure components.
Your tax certificate number from the IRS will take one of the following forms:
1) Letter “A” at the end of your number allows you to SELL tax exempt
2) Letter “B” at the end of your number allows you to BUY tax exempt
3) Letter “AB” at the end of the number allows you to BUY & SELL tax exempt.
4) Letter “D” at the end of your number allows you to buy for **EXPORT**.
If you are purchasing from us, your certificate number must have either “B”, “AB” or "D" at the end. If you are a new customer, we will ask for a copy of your 637 Form. If it does not have the letter “B”, “AB” or "D" at the end of the number, we will need to charge the 10% Federal Excise Tax.
If you have any questions please let us know or contact your IRS Representative.