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What is DTF 948?

Request for Information letters We may send you a Request for Information (Form DTF-948 or DTF-948-O) letter if we need documentation to support what you claimed on your personal income tax return.

Does California have a bulk sales law?

ing to Californias Bulk Sales Act, the buyer of a Bulk Sale is required to post official notice at least 12 days prior to the sale/purchase for any potential creditors review. This notice must include: A statement verifying that a bulk sale is taking place.

Do wholesalers pay sales tax in NY?

A wholesale license, which is also called a resale certificate, resale permit, wholesale permit, wholesale certificate, resellers permit, or tax exemption certificate, allows businesses in New York to buy goods they intend to resell to their customers without paying sales tax on those items.

Who has to pay NY sales tax?

Sales Tax - applies to retail sales of certain tangible personal property and services. Use Tax - applies if you buy tangible personal property and services outside the state and use it within New York State. Clothing and footwear under $110 are exempt from New York City and NY State Sales Tax.

Does New York have bulk sales law?

Under New York tax law, the acquisition of business property may be classified as a bulk sale, which is defined as any sale, transfer or assignment in bulk of any part or the whole of business assets, other than in the ordinary course of business, by a person required to collect tax and pay the same over to the

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