There have been a lot of posts questioning what constitutes enough firearm sales to require that person to have an FFL. One subject I have not seen discussed on this forum is what constitutes a business in the State of Indiana that would require the owner to have a Registered Retail Merchant Certificate and collect the 7% Indiana sales tax. I have observed several members of this forum who are obviously running part time businesses and should be registered with the State of Indiana and be collecting sales tax.
Were I one of these people and not registered I would be worried about having the State investigate me and be required to pay X amount of back taxes. These people also need to be declaring any profit and filing an income tax business form and making double social security payments. All this can be indentified in an audit and required to be paid retroactively to the State and Federal Governments.
I am interested in hearing other opinions from the group and if this has been addressed in other posts?
Were I one of these people and not registered I would be worried about having the State investigate me and be required to pay X amount of back taxes. These people also need to be declaring any profit and filing an income tax business form and making double social security payments. All this can be indentified in an audit and required to be paid retroactively to the State and Federal Governments.
I am interested in hearing other opinions from the group and if this has been addressed in other posts?