Last day to due taxes 201311/11/2023 You must also provide information regarding the sale, including the date of sale, the sale price, and purchaser information. You must also collect any sales tax due on the sale of any of your business assets and remit it with your final return. If you intend to sell your business or its assets, you must give the purchaser a copy of Form TP-153, Notice to Prospective Purchasers of a Business or Business Assets. You may not transfer a sales tax Certificate of Authority from one business to another. In addition, you must apply for a new Certificate of Authority at least 20 days before the change in business form takes place, and file Form AU-196.10, Notification of Sale, Transfer, or Assignment in Bulk, with the Tax Department at least 10 days before the change takes place. If you are changing your entity type (for example, you were a sole proprietor and you are now changing to a partnership or a corporation), you must file a final return as if you were selling or transferring your business. If none of them are appropriate, click on the “other” box and enter a brief description of the reason you are filing a final return. Click on the box that most closely matches the reason you are filing a final return. When you Web file your final return, check the box indicating that it is a final return and enter your last day of doing business. If the Web file return for the correct filing period is available at the time your final return is due, use the Web File return. If you have not already done so, you must register with Online Services to Web file your return. Be sure to include any schedules that you would normally file with your return. Report your sales, sales tax collected, and any use tax owed in the normal manner, and any special taxes or fees collected. Your final return must include the same information that you would include on a regular return. It is not necessary to return your Certificate of Authority to the Tax Department but your copy should be destroyed. Your Certificate of Authority will no longer be valid. After we process your final return, we will inactivate your sales tax account. You will need a new Certificate of Authority for the new business entity.Ī final return must be filed within 20 days after you cease business operations or the sale, transfer, or change occurs. change the form of your business (for example, from a sole proprietorship to a corporation).sell, transfer, or assign your business or.You must file a final return and surrender or destroy your Certificate of Authority if you: For information about surrendering your Certificate of Authority, see Tax Bulletin Amending or Surrendering a Certificate of Authority (TB-ST-25). Following the rules set out in this bulletin will help you avoid this. If you discontinue business and do not file a final tax return, we may bill you for penalties for failing to file tax returns, which could lead to other collection activities. It is very important to continue to file your sales tax returns until you discontinue your business. Whenever a business closes or makes certain other changes, the business must file a final sales tax return. A business is required to file annually, quarterly, or part-quarterly, depending on the amount of taxable sales or sales tax collected. Metropolitan transportation mobility taxįiling a Final Sales Tax Return Tax Bulletin ST-265 (TB-ST-265)Ī business that is authorized to collect sales tax in New York State must report and remit any sales tax collected during each sales tax period in which it has a valid Certificate of Authority.
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