Starting a business in Wyoming 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/Use Tax License, 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 Wyoming.
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 Wyoming?
A business must register for a sales tax permit in Wyoming if:
How to Register for a Seller’s Permit in Wyoming?
When applying for a Wyoming Sales/Use Tax License, you can use the online application process on the Wyoming Department of Revenue website to complete your sales tax registration.
1. Where to Apply for a Seller’s Permit in Wyoming?
The first step to register for a sales tax permit online is to go to Wyoming Internet Filing System for Business (WYIFS) and click on “New Users Click Here To Sign Up” found in the header of the login section.
You will then land on the “Terms and Conditions” page. Make sure to select the checkbox to confirm you have read the terms and conditions, then click on “I Agree To The Terms and Conditions.”
After this, you will be asked the question, “Have you previously filed a return with the Wyoming Department of Revenue?” Since this is your first time applying for a seller’s permit as an out-of-state/remote seller with no physical presence, select “No.”
You will then follow through the prompts that walk you through your registration process for a WYIFS account and provide the necessary information.
Your registration process starts with creating an online user profile with the state. Once your logon is created, only then can you proceed with applying for a sales tax license in Wyoming.
2. What Information Do You Need to Get a Seller’s Permit in Wyoming?
To successfully acquire a seller’s permit in Wyoming, 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 Wyoming:
- 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, Start Date with the State of Wyoming (Nexus Start Date), Month of Fiscal Year End, Estimated Monthly Sales Volume
- NAICS Code
3. How Much are the Fees for Applying for and Renewing a Seller’s Permit in Wyoming?
Registering for a sales tax permit in Wyoming costs $60. The state charges a non-refundable registration fee.
Wyoming sales tax permit does not need to be renewed and remain 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 Wyoming?
- 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.
- Paper Application: You must complete the Sales/Use Tax License Application Form, attach the necessary documents, and mail it to the address provided on the form.
What’s Next?
Once you’ve sent out your permit application, the state of Wyoming will send you an email to let you know they’ve received it and are working on processing your online user profile.
In about 3 to 5 days, the state of Wyoming will send you an email containing a special PIN. Use the PIN to log in to your WYIFS account officially.
Next, return to the WYIFS website to log in with your username and password. Enter the PIN that you received via email. After entering your PIN, you will then land on a new page.
From here on, you can now start the process of getting your Hawaii Sales/Use Tax License. Look for a button or link that says “Sales/Use Tax” and click on it. This will take you to the application form to formally apply for your license.
Obtaining a Sales/Use tax License requires you to collect sales tax for eligible sales in Wyoming. The document will also specify your filing frequency for sales tax returns and due dates.
Remember that if your business has a physical location in Wyoming, the Seller’s Permit must be visibly displayed at all times at the place for which the certificate is issued.
If you ever encounter any difficulties, have any questions, or prefer TaxHero to manage these tasks on your behalf, don’t hesitate to reach out! Contact us today.
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