A 5088 Tc Nj Form PDF Details

In the realm of corporate operations within New Jersey, navigating legal and tax obligations is a fundamental aspect that requires careful attention and adherence to state guidelines. At the heart of this navigational process is the A-5088-TC form, a vital instrument for businesses intending to undergo significant transitions such as dissolution, merger, withdrawal, or reauthorization. This form, distinctly associated with the State of New Jersey's Department of the Treasury Division of Taxation, is designed as an application for a Tax Clearance Certificate under Title 54 of the Revised Statutes. Entities engaging in such actions must provide comprehensive details including the corporation’s name and address, NJ Corporation Number, Federal Identification Number, and specifics about the company's state and date of incorporation or authorization. Furthermore, the application delves into various facets of the corporation's financial and operational status, inquiring about accounting practices, affiliate group involvement, asset transactions, and more. With an application fee of $25.00, corporations are prompted to affirm the accuracy of their submissions under penalty of law, highlighting the importance of thorough and truthful disclosure. The underlying importance of the A-5088-TC form extends beyond mere bureaucratic procedure; it serves as a testament to the state’s diligence in maintaining a robust and transparent business environment. All these elements combined underscore the pivotal role this form plays in the legal and regulatory ecosystem of New Jersey, fostering a compliance-driven landscape for corporations operating within its jurisdiction.

QuestionAnswer
Form NameA 5088 Tc Nj Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesform a 5088 tc, new jersey tax clearance certificate, application for tax clearance certificate nj, tax clearance certificate nj

Form Preview Example

A-5088-TC

State of New Jersey

4-11, R-11

Department of the Treasury

 

DIVISION OF TAXATION

 

PO Box 269

 

TRENTON, NJ 08695-0269

 

APPLICATION FOR TAX CLEARANCE CERTIFICATE

 

(See Important Note below for application fee)

To the Director of the Division of Taxation, Department of the Treasury, State of New Jersey:

Application is hereby made by ___________________________________________________________________________________________________

(Name and address of corporation)

for a Tax Clearance Certificate under Title 54 of the Revised Statutes.

Correspondence and eventual issuance of Tax Clearance Certificate should be addressed to:

____________________________________________________________________________________________________________________________

(if third party, authorization letter must be included)

(Phone Number)

NJ Corporation Number __________________ FID Number __________________

State & date of incorporation or authorization ___________________

NOTE: All questions must be answered.

 

1.The purpose for which Certificate is to be used is (state whether for dissolution, merger, withdrawal, or reauthorization) and the

intended effective date of noted action ______________________________________________________________________________________

2.The accounting year employed by the corporation for Federal Income Tax purposes is ________________________________________________

 

____________________________________ (See special instruction on reverse side.)

3.

Is this entity a part of an affiliated group? Yes or No

 

 

a. If “Yes”, is the total payroll for the whole group over $5,000,000?

Yes or No

4.

Have any of the assets of the corporation been sold or transferred during the current or prior taxable accounting period? Yes or No

a.If “Yes”, enter date sold ________________________________________________________

b.Sales price or fair market value of assets $ ________________________________________

c.Profit on sale or transfer of assets $______________________________________________

d.Sales price of real estate included in the above $ ___________________________________

e.Profit on sale or transfer of such real estate $_______________________________________

f.Name of purchaser or transferee of real estate and other assets ______________________________________________________________

5.Have any of the assets of the corporation been distributed in dissolution or liquidation during the current or prior taxable accounting periods?

Yes or No If “Yes”, give names, dates and other particulars. _____________________________________________________________

____________________________________________________________________________________________________________________

____________________________________________________________________________________________________________________

6.Has the corporation or its stockholders entered into any negotiations or contract for the sale of any of the remaining assets?

Yes or No If “Yes”, state the full consideration to be received $__________________________________________________________

7. Have any dividends been declared or payments made in liquidation of capital stock? Yes or No

If “Yes”, give amounts, dates and other particulars ____________________________________________________________________________

____________________________________________________________________________________________________________________

8.If all the assets have not been disposed of, advise:

a.What disposition will be made of remaining assets? ________________________________________________________________________

b.Fair market value of assets remaining to be liquidated $_____________________________________________________________________

9.Who will continue the business formerly conducted by this corporation?___________________________________________________________

10.Give names and addresses of the present officers and directors of the company _______________________________

____________________________________________________________________________________________________________________

____________________________________________________________________________________________________________________

Enclosed is remittance in the sum of $25.00 made payable to the State of New Jersey. (See Important Note Below).

I declare and affirm, under the penalties provided by law, that this application (including any accompanying statements) has been examined by me and the statements contained therein are true to the best of my information, knowledge and belief.

Date_______________________ Signature of Officer __________________________________________________________________

President, Vice President, Secretary or Treasurer (Strike out Titles not applicable)

IMPORTANT NOTE: Corporations wishing to dissolve/withdraw may file dissolution documents online by visiting www.nj.gov/njbgs.

http://www:state.nj.us/treasury/taxation

NOTES

A.If all state taxes, fees, penalties and interest have been paid or secured, a Certificate of the Director evidencing such payment will be forwarded to the Division of Revenue or the party designated on the front of the application.

B.If all such state taxes, fees, penalties and interest have not been paid, advice thereof will be given to the applicant.

C.The Tax Clearance Certificate shall be void 45 days after date of issuance, except that where a certificate is issued during the last month of taxpayer’s accounting period, such certificate shall be void after the last day of such accounting period. If said certificate is not filed with the Division of Revenue within the period specified therein, applicant must reapply and submit a new application and $25.00 fee in order to accomplish the purpose for which the original application was filed.

D.Instructions for filing tax returns can be found on the form “Procedure for Dissolution, Withdrawal or Surrender”. (A-5033-TC).

INSTRUCTIONS

1.Application for Tax Clearance Certificate must be typewritten or printed.

2.Great care should be taken to have the corporate name spelled correctly, as even a slight misspelling will generally make it difficult to identify the corporation for which the application is made. Be sure to include the State and date of incorporation, or date of authorization.

3.Complete answers to all questions applicable to the corporation must be given. Attach rider where necessary.

SPECIAL INSTRUCTIONS

WHERE TAXPAYER DESIRES TO COMPLETE ITS PROCEEDINGS FOR DISSOLUTION, MERGER, ETC. NO LATER THAN THE END OF A

FISCALYEAR IN PROGRESS,APPLICATION SHOULD BE SUBMITTEDATLEASTNINETY(90) DAYS PRIOR TO THE CLOSE OF SUCH FISCALYEAR

TO ALLOW SUFFICIENTTIME FOR PROCESSING AND FOR THE SUBMISSION OF ANYREQUIRED ADDITIONALDATAOR PAYMENTS.

FOR DIVISION USE ONLY

Estimated Summary

Check $___________________________

________ Return

Check $___________________________

Affidavit Per Instruction 3 of Estimated Summary

Assumption of Liability

Prior Year Affidavit

Other ________________________________

________________________________

________________________________

________________________________

Assumption of tax liability

Final required

Prior year activity affidavit

No final required

Merged corporation

Survivor of merger

Remarks

 

 

Searched by

_____________________________

CERTIFICATE NUMBER

_____________________________

Examiner

_____________________________

Approved

_____________________________

Void Date

_____________________________

Issued

_____________________________

A-5088-TC (4-11, R-11)

Page 2

How to Edit A 5088 Tc Nj Form Online for Free

You may prepare 5088 tc form effectively by using our PDFinity® PDF editor. Our expert team is relentlessly working to improve the tool and ensure it is even easier for people with its multiple features. Take your experience to the next level with continuously improving and interesting options we provide! All it requires is just a few basic steps:

Step 1: Click on the "Get Form" button above. It'll open our editor so that you can begin completing your form.

Step 2: With the help of our handy PDF editing tool, you may do more than just fill out forms. Edit away and make your docs look perfect with customized text incorporated, or modify the original input to excellence - all that comes with the capability to insert your own photos and sign the file off.

To be able to complete this document, be sure you enter the information you need in each area:

1. You will want to complete the 5088 tc form correctly, so be careful when filling out the areas that contain these fields:

Part no. 1 for completing nj tax clearance certificate online

2. Once your current task is complete, take the next step – fill out all of these fields - Have any of the assets of the, If Yes enter a Date sold b Sales, Have any of the assets of the, Yes or, No If Yes give names dates and, Has the corporation or its, Yes or, No If Yes state the full, Have any dividends been declared, Yes or, If Yes give amounts dates and, If all the assets have not been, Who will continue the business, and Enclosed is remittance in the sum with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

nj tax clearance certificate online conclusion process explained (portion 2)

3. In this particular part, take a look at Enclosed is remittance in the sum, Date, IMPORTANT NOTE Corporations, President Vice President Secretary, and Signature of Officer. Each one of these are required to be filled in with greatest accuracy.

President Vice President Secretary, Enclosed is remittance in the sum, and Date of nj tax clearance certificate online

People generally make errors while filling in President Vice President Secretary in this area. Be sure to revise what you enter here.

Step 3: Prior to moving on, make certain that all blank fields were filled in the right way. When you think it is all fine, click “Done." Sign up with us now and easily gain access to 5088 tc form, prepared for downloading. All changes made by you are saved , which means you can change the form later if needed. We do not share or sell the details you type in when dealing with documents at our site.