Posts Tagged ‘tax clearance certificate’
BOE Tax Clearances
When a business that sells or leases goods at retail owes sales taxes to the California Board of Equalization (BOE), the buyer of the business can be responsible for paying the BOE the amount owing if the seller does not pay them. The liability applies to any person who is a successor or assignee of…
Read MoreEDD Tax Clearance Certificates
When a business is an employer that owes contributions, interest, or penalties to the California Employment Development Department (EDD), the buyer of the business can be responsible for paying the EDD the amount owing if the seller does not pay them. By the way, the statute applies to any person who “acquires” the business (or…
Read MoreFTB Tax Clearance Certificates
When a business is required to deduct and withhold taxes and remit them to the Franchise Tax Board (FTB), a successor to the business can be responsible for paying the amount owing to the FTB if the business does not pay them. Who is a successor? A “successor” is anyone who acquires a substantial portion of…
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