California Form 3555 PDF Details

When a corporation in California decides to cease operations or is undergoing a significant change, such as a merger, it's essential to navigate through certain legal steps to ensure compliance with state tax laws. One critical step involves the California Form 3555, also known as the Request for Tax Clearance Certificate. This form serves multiple purposes: it helps confirm that all taxes have been settled or adequately secured by the entity in question, and it remains a crucial document until all statutory periods for audits are closed. Through this form, corporations can report any IRS adjustments not previously accounted for, disclose ongoing or pending examinations, and provide detailed information regarding the responsibilities assumed by an individual or entity for the corporation's tax liabilities post-dissolution or merger. Moreover, Form 3555 demands comprehensive financial information to support the assurance of tax liability clearance. This safeguarding process not only facilitates a smoother transition during significant corporate changes but also protects the entities involved from potential legal and financial repercussions associated with unsettled tax obligations.

QuestionAnswer
Form NameCalifornia Form 3555
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other namesFTB, LLC, ies, assumer

Form Preview Example

Request for Tax Clearance

 

 

 

 

CALIFORNIA FORM

 

 

3 5 5 5

Certificate — Corporations

 

 

 

 

 

 

 

 

 

Corporation name

 

 

 

 

California corporation number

 

 

 

 

 

Current address

 

Phone number

Federal employer identification number

 

 

(

)

 

 

 

 

Date business commenced

Date business ceased or will

 

Latest income period for which a

Date filed:

in California:

cease in California:

 

California tax return has been filed:

 

 

 

 

 

 

 

 

 

We will issue a tax clearance certificate when all taxes have been paid or secured. All returns remain subject to audit until expiration of the normal statutes of limitation.

Please indicate the status of ANY IRS activity:

Has the IRS redetermined the corporation’s income tax

Is the IRS or the FTB currently examining the corporation

liability for any prior years that you have not previously

or has it notified the corporation of a pending examination?

reported to us? Yes No

Yes No If yes, indicate the years involved:

If yes, send us a copy of the Revenue Agent’s Report.

Current examination:

__________________________

 

Pending examination:

__________________________

 

 

 

Complete pages 2 and 3 of this form for an individual or other entity assumption of tax liability. Complete page 4 for a corporation, limited liability company, or limited liability partnership assumption of tax liability.

If we are to issue the tax clearance certificate on a taxes paid basis, please check this box and provide a copy of your final tax return.

Supplemental Information. Please furnish the following information if another corporation will continue to conduct the business in California after the merger of the original corporation.

Name of transferee

California corporation number of transferee

Federal employer identification number

Date assets transferred to transferee

Section of the Internal Revenue Code applicable to the transfer of

taxpayer’s business or assets: ______________

If we are to mail the tax clearance certificate to somewhere other than the corporation listed above, please complete the following: (We will send a copy of the tax clearance certificate to the Secretary of State.)

Name

Address

Phone number (

)

Mail completed form to: DOCUMENT FILING SUPPORT UNIT

SECRETARY OF STATE – BUSINESS FILINGS 1500 11TH STREET

SACRAMENTO CA 95814

For more information concerning this form, telephone the Franchise Tax Board at (916) 845-4124.

Assistance for persons with disabilities: We comply with the Americans with Disabilities Act. Persons with hearing or

speech impairments, call: from voice phone (800) 735-2922, or from TTY/TDD (800) 822-6268.

FTB 3555 C1 (REV 09-2001) PAGE 1

Please complete Section A or B below.

A. INDIVIDUAL ASSUMPTION OF TAX LIABILITY

Corporation name

Current address

 

California corporation number

Phone number

Federal employer identification number

( )

I unconditionally agree to file or cause to be filed with the Franchise Tax Board, under the provisions of the Bank and Corporation Tax Law, all tax returns and data required and to pay in full all accrued or accruing tax liabilities, penalties, interest, and fees due from the above named corporation at the effective date of dissolution or surrender.

My net worth (assets minus liabilities) is not less than: $ _____________________ .

(We require a detailed financial statement [PAGE 3].)

Name of individual assumer (print)

 

Social security number

 

 

 

 

 

 

 

 

Address

 

 

 

 

 

 

 

 

 

 

 

 

 

Phone number (

)

 

 

 

 

 

 

 

 

Date

Signature

 

 

 

 

 

B. TRUST ASSUMPTION OF TAX LIABILITY

Corporation name

Current address

 

California corporation number

Phone number

Federal employer identification number

( )

This trust unconditionally agrees to file or cause to be filed with the Franchise Tax Board, under the provisions of the Bank and Corporation Tax Law, all tax returns and data required and to pay in full all accrued or accruing tax liabilities, penalties, interest, and fees due from the above named corporation at the effective date of dissolution or surrender:

(We require a detailed financial statement [PAGE 3].)

Name of trust

Trust federal identification number

Address

Phone number (

)

Date

Trustee’s name (print)

Trustee’s signature

FOR PRIVACY ACT NOTICE, SEE FORM FTB 1131.

FTB 3555 C1 (REV 09-2001) PAGE 2

FINANCIAL STATEMENT FOR INDIVIDUAL OR OTHER ENTITY

Corporation name

Corporation number

 

 

 

 

Statement of Assets and Liabilities

Item

 

Present

Liabilities

Equity in

 

value (A)

balance due (B)

asset

 

 

Cash

 

 

 

 

Bank accounts

 

 

 

 

Stocks and bonds

 

 

 

 

Cash or loan value of insurance

 

 

 

 

Household furniture

 

 

 

 

Real property

 

 

 

 

Vehicles

 

 

 

 

 

 

 

 

 

Other assets (describe)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal taxes outstanding

 

 

 

 

Loans

 

 

 

 

 

 

 

 

 

Other (include judgements)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net assets

 

 

 

 

(Total column A less total column B)

 

 

 

$

General Information (Please attach additional schedules if necessary.)

 

 

 

 

 

Net annual income

Source (name of business or employer)

 

 

 

 

 

 

 

Banks and savings and loan accounts (names and addresses)

Description and license number of each vehicle

Stocks and bonds (name of company, number of shares, etc.)

Real property (brief descriptions and locations)

I certify that the information above is correct to the best of my knowledge.

Assumer’s name (print) _____________________________________________________________________________________________________

Assumer’s address

____________________________________________________________ Phone number (

)

_______________________

Assumer’s signature

__________________________________________________________________________

Date

_______________________

FTB 3555 C1 (REV 09-2001) PAGE 3

CORPORATION, LIMITED LIABILITY COMPANY, OR LIMITED LIABILITY PARTNERSHIP ASSUMPTION OF TAX LIABILITY

The Assumption of Tax Liability

of (1) __________________________________________________________ )

 

)

 

A corporation

) ________________________

 

)

California Corporation number, Secretary of

 

State file number, or federal employer

by (2) _________________________________________________________ )

identification number

 

 

)

 

A corporation, limited liability company, or limited liability partnership

) ________________________

 

 

California Corporation number, Secretary of

 

 

State file number, or federal employer

 

 

identification number

(Name of assumer) __________________________________________________ unconditionally

agrees to file with the Franchise Tax Board all tax returns and data required and pay in full all tax liabilities, penalties, interest and fees of (1) _________________________________________

_________________________________________________________________________________; at the

effective date of dissolution or surrender of the corporation.

 

(2) _________________________________________

 

Exact corporation, limited liability company, or limited liability partnership name

_______________________________________

_________________________________________

Printed name and title of officer/manager/partner/member

Signature and title of officer/manager/partner/member

State of _______________________________

County of _____________________________

On ________________________________________ before me, the undersigned, a notary public in and for

said state, personally appeared _______________________________________________________________

_______________________________________________________________________________________

_______________________________________________________________________________________

personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the entity upon behalf of which the person(s) acted, executed the instrument.

WITNESS my hand and official seal.

Signature ________________________________________________________

Name __________________________________________________________

(typed or printed)

Note: LLC, LLP, and corporation assumers must provide a financial statement.

FTB 3555 C1 (REV 09-2001) PAGE 4