Predator Bass Baits Posted January 25, 2007 Report Share Posted January 25, 2007 Do we need a manufacture license to sell baits ? I was told uncle sam needs his cut and people can be sued. Quote Link to comment Share on other sites More sharing options...
GB GONE Posted January 25, 2007 Report Share Posted January 25, 2007 Definitely need to pay the 10% tax.... I am sure there are a bunch of previous posts on this in soft plastics and hard baits.... I don't think sued is the correct terminology Jim, FINED by the IRS is what might happen... They gotta get theirs!!! Jim Quote Link to comment Share on other sites More sharing options...
Predator Bass Baits Posted January 25, 2007 Author Report Share Posted January 25, 2007 Thanks Jim, quick search with those words brought up nothing. Quote Link to comment Share on other sites More sharing options...
SwampBaits Posted January 25, 2007 Report Share Posted January 25, 2007 I'll pay the fine Quote Link to comment Share on other sites More sharing options...
Predator Bass Baits Posted January 25, 2007 Author Report Share Posted January 25, 2007 LOL, What about Insurance ? Quote Link to comment Share on other sites More sharing options...
GB GONE Posted January 25, 2007 Report Share Posted January 25, 2007 Ok...I searched and got these results... I think some were lost when the servers crashed. Old backup tapes???!!! http://www.tackleunderground.com/forum/showthread.php?t=735&highlight=excise http://www.tackleunderground.com/forum/showthread.php?t=609&highlight=excise http://www.tackleunderground.com/forum/showthread.php?t=224&highlight=excise You do also need to have the appropriate certificates/license for manufacturing from you specific county/state/city. Especially if you plan to try to use your business as a deduction for tax purposes. If you don't give them theirs, you won't get yours!!! Jim Quote Link to comment Share on other sites More sharing options...
nova Posted January 25, 2007 Report Share Posted January 25, 2007 "Sued" isn't the right term. From what I understand about the IRS, isn't more like cleaned out? lol Just teasing. www.novalures.com Quote Link to comment Share on other sites More sharing options...
