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Shouldn the C-9600 form also be signed by the seller, thereby binding the seller to the information provided in the form as well?

April 26, 2017Binding c-9600 form provided seller signed

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Shouldn the C-9600 form also be signed by the seller, thereby binding the seller to the information provided in the form as well?

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A. The form does not need to be signed by the seller. The object of filing the form in a timely manner is to relieve the purchaser of the seller’s state tax liabilities by providing notice to the Division of the sale of business assets. After the filing of the C-9600 form, the seller is requested to file various forms and tax returns with the Division after proper notification has been received by the purchaser. The seller, at that time, can also file any other information with the Division which the seller believes will help the Division accurately determine any state tax liabilities of the seller which figure in the calculation of the amount of escrow required.