How does the Division find out about a sale not done in the ordinary course of business, especially of residential real property, if no C-9600 form is ever filed?
A. Enforcement issues are handled on a case by case basis. Regarding the sale of real estate, the Division is able to audit sales by reviewing records at county clerk, zoning and municipal tax collector offices and Mod IV records which can reveal whether property which is or may be income producing has been sold. If evidence of an unreported bulk sale is found, the Division will contact the owner (i.e. buyer/transferee) in an attempt to obtain payment once the Division makes an assessment of any outstanding tax liability of the seller. If this effort is unsuccessful, the Division will seek establishment and enforcement of the tax liability against the seller, including the filing of a certificate of debt in Superior Court. If the Division is unable to obtain tax payment compliance from the seller, the Division will seek collection of the seller’s tax liability from the purchaser.
A. Enforcement issues are handled on a case by case basis. Regarding the sale of real estate, the Division is able to audit sales by reviewing records at county clerk, zoning and municipal tax collector offices and Mod IV records which can reveal whether property which is or may be income producing has been sold. If evidence of an unreported bulk sale is found, the Division will contact the owner (i.e. buyer/transferee) in an attempt to obtain payment once the Division makes an assessment of any outstanding tax liability of the seller. If this effort is unsuccessful, the Division will seek establishment and enforcement of the tax liability against the seller, including the filing of a certificate of debt in Superior Court. If the Division is unable to obtain tax payment compliance from the seller, the Division will seek collection of the seller’s tax liability from the purchaser. 62. Q. Is the seller’s tax identification number (“TIN”) in the box in the right side of the C-9600 form wh
Related Questions
- Redevelopment Relocation: In the event of property purchase, does the Redevelopment Agency provide assistance for business or residential relocation?
- Why is a copy of a signed contract of sale, transfer or assignment required by the Division as part of the C-9600 form notice?
- Is business personal property stored in a warehouse or on a sale at a craft consignment shop covered?
