How Do I Get Tax Clearance to Dissolve a Partnership Business in Tennessee?

Full question:

Under Tn 6102-203(c)(2);what is a'tax clearance for termination'and where do I obtain one

  • Category: Corporations
  • Subcategory: Corporate Dissolution
  • Date:
  • State: Tennessee

Answer:

The tax clearance you refer to is an internal process rather than a form required for the applicant partnership to fill out. Prior to an application for cancellation being accepted for filing, the Division of Business Services will request tax clearance verification from the Tennessee Department of Revenue that the business has properly filed all reports and paid all required taxes and penalties. If they cannot obtain such tax clearance verification from the Department of Revenue, the document will be rejected and returned to the applicant.

Please see the following contact information for further information:

http://www.tn.gov/revenue/contactus.htm#general

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

To obtain a clearance letter in Tennessee, you need to ensure that your business has filed all necessary tax returns and paid any outstanding taxes and penalties. You can then request a clearance letter from the Tennessee Department of Revenue. They will verify your compliance before issuing the letter.