Free Notice of Closeout for Seller's Permit - California



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BOE-65 (FRONT) REV. 25 (7-05) STATE OF CALIFORNIA NOTICE OF CLOSEOUT FOR SELLER'S PERMIT BOARD OF EQUALIZATION INSTRUCTIONS: Please provide the following information to assist us in closing your account, releasing security, or issuing an escrow clearance. Before completing this form, you should refer to a copy of the Board of Equalization publication 74, Closing Out Your Seller's Permit. Publication 74 contains important information about closing out your permit. If you have any questions, please call our Information Center at 800-400-7115. SECTION I: ACCOUNT INFORMATION NAME SELLER'S PERMIT NUMBER CURRENT ADDRESS (street address) DAYTIME TELEPHONE NUMBER ( (city, state, zip code) ) SECTION II: CLOSEOUT INFORMATION 1. Did you make any purchases for your own use using your seller's permit? If YES, did you pay sales tax on those purchas

BOE-65 (FRONT) REV. 25 (7-05)

STATE OF CALIFORNIA

NOTICE OF CLOSEOUT FOR SELLER'S PERMIT

BOARD OF EQUALIZATION

INSTRUCTIONS: Please provide the following information to assist us in closing your account, releasing security, or issuing an escrow clearance. Before completing this form, you should refer to a copy of the Board of Equalization publication 74, Closing Out Your Seller's Permit. Publication 74 contains important information about closing out your permit. If you have any questions, please call our Information Center at 800-400-7115. SECTION I: ACCOUNT INFORMATION
NAME SELLER'S PERMIT NUMBER

CURRENT ADDRESS (street address)

DAYTIME TELEPHONE NUMBER

(
(city, state, zip code)

)

SECTION II: CLOSEOUT INFORMATION 1. Did you make any purchases for your own use using your seller's permit? If YES, did you pay sales tax on those purchases to: 2. Date the business was closed/or sold YES NO (If NO, go to Section III of this form.) 3. Was the business sold? If YES, complete the following information: a. Date the business was sold b. Name, address and telephone number of the purchaser c. Name, address and telephone number of escrow company d. Escrow number e. Selling price of fixtures and equipment $ f. Total sales price $ g. Your forwarding address and telephone number a. your vendor YES NO

b. the Board of Equalization

SECTION III: CHECKLIST FOR CLOSEOUTS WITH ESCROW CLEARANCE OR SECURITY DEPOSIT INVOLVED (see back for instructions) The following items may be needed to finalize the closing of your account, the releasing of any posted security, or issuing of an escrow clearance. ALL CLOSEOUTS: Your seller's permit, if available. Location of your books and records. Final tax return with payment (if a return is not available, call 800-400-7115). If you are required to make payments by EFT, you must also make your final payment through the EFT process. NOTE: If you sold your fixtures and equipment, even if you did not sell your business, you must include the selling price of these items on line 2 of your final return. CLOSEOUT BECAUSE BUSINESS SOLD AND/OR SECURITY DEPOSIT IS BEING REFUNDED All of the above, and A copy of your escrow instructions or bill of sale showing the value of inventory, fixtures and equipment sold. Duplicate copies of your last two tax returns, including your final reporting period with canceled checks (photocopies of front and back) as proof of payment. Payment of any amounts due must be made in certified funds in order to expedite finalizing your transaction). If you are required to make payments by EFT, you must also make your final payment through the EFT process. SEND TO: Mail this completed form and your supporting documents to: Board of Equalization Information Center P.O. Box 942879 Sacramento, CA 94279-0090 SECTION IV: SIGNATURE
SIGNATURE AND TITLE DATE

CLEAR

PRINT

BOE-65 (BACK) REV. 25 (7-05)

NOTICE OF CLOSEOUT FOR SELLER'S PERMIT

SECTION III: CHECKLIST INSTRUCTIONS ALL CLOSEOUTS Return your seller's permit, if available ­Your seller's permit is the goldenrod document you received when you initially applied for your Sales Tax Permit. If you are currently unable to locate this document but do so in the future, please destroy the permit. Location of your books and records ­ The location of your books and records is important for audit purposes. Audits are important because they protect the state against an underpayment of the sales tax and protect the taxpayer against an overpayment of the sales tax. Final Tax Return with Payment ­ If you do not have a copy of your final sales tax return(s) available, please call 800-400-7115 between the hours of 8:00 a.m. and 5:00 p.m. Pacific Time to request a sales tax return, or contact your local Board office for a final return. If you are required to make payments by EFT, you must also make your final payment through the EFT process.

CLOSEOUT BECAUSE BUSINESS SOLD and/or SECURITY DEPOSIT IS BEING REFUNDED Copy of your escrow instructions or bill of sale ­ These documents show the value of inventory, fixtures and equipment sold. The sales price of your fixtures and equipment must be included on line 2 of your final return. If a sale of fixtures and equipment is not considered at the date of closeout, a subsequent single sale of the fixtures may be treated as an occasional sale. The single sale of fixtures and equipment subsequent to the date of closeout is taxable if either: a. The sale occurs within 60 days of the date of closeout and the taxpayer cannot establish that the sale was not considered at the time of closeout; or b. The sale takes place after 60 days and within one year of the closeout date, and: 1. A contract of sale existed at the date of closeout, or 2. A lease with an option to buy exists, or 3. Arrangements have been made for a plan to sell the fixtures and equipment in due course. Duplicate copies of your last two tax returns, including your final reporting period and canceled checks (photocopies of front and back) as proof of payment ­ This requirement ensures that payments for all amounts due have cleared your bank. If these items are not provided, the Board must wait 30 days to process the finalizing of your permit and/or return any security that is to be returned. Final payments ­ Payment of any amounts due must be made in certified funds in order to expedite finalizing your closeout transaction. Accounts required to make their tax payments by EFT must also make their final payments through the EFT process. If you need assistance in providing any of the items listed above, contact your nearest Board office for detailed instructions. If the items listed above do not pertain to your closeout and you have completed Sections I, II and signed in Section IV, forward this document to the appropriate Board office. See publication 74 for a list of district office locations.

FOR BOARD USE ONLY

Is registration information current? Is a final return filed? Was a final return mailed to taxpayer? Are there any delinquencies?

YES YES YES YES

NO NO NO NO

F & E? Inventory? Is the documentation attached?

YES YES YES

NO NO NO

File Size: 44.8 kB
Pages: 2
Date: July 11, 2005
File Format: PDF
State: California
Category: Tax Forms
Word Count: 1,032 Words, 6,129 Characters
Page Size: Letter (8 1/2" x 11")
URL

http://www.boe.ca.gov/pdf/boe65.pdf