I need to know if the current owner is responsible, or the owner that had the business when the taxes were accumalated.
2007-04-25 11:24:18 · 4 answers · asked by mistkie 3 in Business & Finance ➔ Taxes ➔ United States
When you buy a business, you usually buy all debts of the business as well. Property taxes ALWAYS go with the property.
2007-04-25 11:35:30 · answer #1 · answered by STEVEN F 7 · 2⤊ 0⤋
The property taxes are going to go with the property, so whoever owns it will be held liable by the taxing authority. (If there is something in the purchase contract that holds the former owner liable, then you may be able to go after the money in a civil suit, but the government attaches it to the property.
The liability for the sales tax is going to depend on a number of factors including whether the business was a sole proprietorship or partnership. Contact your state's department of revenue to determine liability.
2007-04-27 08:56:41 · answer #2 · answered by Amy F 3 · 0⤊ 0⤋
assets tax is on the construction, except you besides mght have county or nearby "very own assets taxes" - that tax has no longer something to do with sales taxes you pay sales tax as quickly as once you purchase some thing and the states oversee all sales taxes assets taxes are on the city/county/college district point and that i've got considered very own assets taxes on the county point in one county I lived in in Penna years in the past in case you have become a invoice a 12 months later putting forward the tax is on the equipment, then you somewhat would desire to stay in a close-by that has very own assets taxes - call the tax agent/collector and ask for an evidence on what the tax is for
2016-12-16 15:28:02 · answer #3 · answered by gagliano 4 · 0⤊ 0⤋
The previous owner
2007-04-25 11:28:12 · answer #4 · answered by Anonymous · 0⤊ 3⤋