Are you an Unknowing Event Promoter?
Event promoter - when we hear that term, we tend to think of large events, such as trade shows and concerts. But did you know that if you invite your neighbor's children to sell cookies at your company's open house, you might be legally considered an event promoter and subject to tax laws? So just who is an event promoter? And how large must the event be? According to the Idaho State Tax Commission any person or business who allows two or more people to offer products for sale or exchange or charges admission is considered an event promoter (see http://tax.idaho.gov/i-1037.cfm and http://tax.idaho.gov/pubs/EBR00643_06-08-2012.pdf for details). This includes church bazaars, swap meets, yard sales not held at a private home (including those held at churches and businesses), business open houses at which friends and family are allowed to sell products, wedding shows, trade shows, non-profit events that charge admission, and more, even if the profits will go to charity. ...