Starting a business in Mississippi is an exciting venture, but it’s crucial to understand the legal requirements that come with it. A common area of confusion for many new business owners is understanding the need for a Sales and Use Tax Permit, also known as a sales tax permit or seller’s permit. This permit allows you to collect sales tax on taxable products and services from customers in Mississippi.
This blog will guide you through each step of applying for a sales tax permit, with clear instructions to help you and your business begin collecting sales tax effortlessly.
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Who Needs a Seller’s Permit in Mississippi?
A business must register for a sales tax permit in Mississippi if:- you meet physical or economic nexus within the state and
- you are selling taxable products or providing taxable services to customers in Mississippi
How to Register for a Seller’s Permit in Mississippi?
When applying for a sales tax permit in Mississippi, you can use the online application process on the Mississippi Department of Revenue website to complete your sales tax registration.1. Where to Apply for a Seller’s Permit in Mississippi?
The first step to register for a sales tax permit online is to go to the Department of Revenue State of Mississippi TAP website, click on “Sign up” in the login section, and then click “Register a New Taxpayer” under the “Add New Account or Access” section. Fill in the drop-down and select your entity type. You will then follow through the prompts that walk you through your registration process and provide the necessary information. Please note that there will be a question asking you to select one of the following descriptions for your physical location. If you are an out-of-state/remote seller with no physical presence, you want to make sure to select “Out-of-State Retailer.” During your registration process, you will create an online login account with the state. Once your logon is created, you can manage your current sales tax account(s) and register for additional accounts related to your business.2. What Information Do You Need to Get a Seller’s Permit in Mississippi?
To successfully acquire a seller’s permit in Mississippi, it’s important to prepare and provide specific information and documents. The following is a list of the necessary information and documents required to register a sales tax permit in Mississippi:- Business Identification Information: Legal Business Name, Physical Address, Mailing Address
- Business Entity Structure (i.e., Sole Proprietorship, Partnership, Subchapter S Corp., Corporation, LLC, etc.)
- Federal Employer Identification Number (EIN or FEIN)
- Name, Address, and SSN of Owners, Partners, or Officers
- Business Activity Details: Date & State of Incorporation
- Copy of your IRS Notice Letter CP 575/EIN Confirmation Letter
- NAICS Code
3. How Much are the Fees for Applying for and Renewing a Seller’s Permit in Mississippi?
Registering for a sales tax permit in Mississippi is free, and you won’t need to provide payment details to acquire your permit. Mississippi sales tax permit does not need to be renewed and remains valid for as long as the business exists without any changes in ownership or structure.4. What are Other Ways to Register for a Seller’s Permit in Mississippi?
- Use TaxHero. Registering for a seller’s permit, mainly when it involves multiple permits, can be a tedious and time-consuming task requiring much effort. Let the experts at TaxHero save you from this hassle, and let us handle the registration process in all states where you have nexus as part of our all-inclusive sales tax service.