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I purchased an existing business. Can I use the previous owner’s withholding account number?

April 26, 2017account Business existing owner previous withholding

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I purchased an existing business. Can I use the previous owner’s withholding account number?

1 Answer

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No, you must register for a new withholding account. It is your responsibility to notify the Tax Commission of any changes related to your business including changes in your address, changes in corporate officers, or changes in ownership.