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....