California – Exemption and Resale Certificate Tip Reminder

SALT Report 3136 – The state of California routinely audits resale and exemption certificates for validity and proper compliance.  The attached Publication 42 provides general detail (although a bit outdated – 2008) to the taxpaying public regarding the importance of complying with the certificate guidance.  Proper collection, validation and retrieval could help to avoid costly audit hurdles and inadvertent penalties and interest.

For Further Information:

California Publication 42 – Resale Certificate Tips (2008)