If you find a lien, you may use Form C50, Notice of Business Transfer, or send a copy of the lien along with related purchase agreement pages. The notice must:
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Include the transferring business’ tax identification number (TIN)
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Include the terms and conditions related to the transfer
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Be received by the department at least 20 days before the transfer
We will review, respond to the notice, and provide the following information:
- The amount needed to satisfy any lien we have on the business
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The amount of any sales tax, withholding tax, petroleum tax, or other debts that are not listed on the lien
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Any missing (unfiled) sales tax, withholding tax, or petroleum tax returns that are due
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How much you must withhold or pay to satisfy the lien and any debts not included on it
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How to pay the amount due
If you meet the notification, withholding, and payment requirements, you will not be liable for any additional assessments related to the lien and other debts owned by the previous owner.
Note: If you notify us of a business transfer and we do not contact you within 20 days of receiving your notice, you will be liable for only the tax, penalty, and interest for the periods included on the lien.