TP Close Out p.2
Revised 4/30/2019
INSTRUCTIONS:
1) Nevada Taxpayer ID (TID): For the account to be closed, enter the 10 digit TID number issued by the Nevada Department of
Taxation.
2) Corporate/Entity/Primary Name: Enter the primary ownership name for the business (i.e. name of the sole proprietor,
partners, corporation, etc.)
3) Nevada Name or DBA: Enter the name of your business in Nevada (i.e. “Doing Business As” or fictitious business name). If
multiple names, state “All”.
4) Mailing address for correspondence/refunds: Provide the mailing address for all future correspondence/refunds.
5) Close Date: Enter the date the business ceased operations, was sold, or changed ownership. Note: All returns must be filed
through the close date whether or not sales or purchases occurred during the reporting period.
6) Reason for closure: Select the applicable reason from the drop down menu:
• Out of Business – Select if you are no longer doing business. Note: Use Tax must be reported and paid on the
purchase price of any remaining inventory purchased for resale on your final return. Sales of business assets (i.e.
Equipment, furniture and fixtures) are subject to sales tax unless they are deemed to be an occasional sale pursuant
to NRS 372.035.
• No Longer Doing Business in NV – Select if you are still in business, but are no longer doing business in NEVADA.
Note: The account may not be closed if a business does not have a location in Nevada but continues to do business in
Nevada. If you are still doing business in Nevada and are only closing your Nevada location, contact the Department
for a Taxpayer Update Form to update your address.
• Changed Ownership – Use this option if you changed organizational types (i.e. from a Corporation to an LLC) or you
obtained a different Federal Identification number (FID). You will also need to apply for a new account with the
Department. Please complete a Nevada Business Registration form https://tax.nv.gov/Forms/ or you may apply
online at https://www.nevadatax.nv.gov/#
•
Sold Business – Select if the business was sold. Note: If the business is not sold in its entirety to a single buyer, there
may be sales or use tax due on remaining inventory and/or business assets. If you are selling all of your shares and
the federal ID number is not changing, contact the Department for a Taxpayer Update Form to update the owners/
officers on the existing TID.
•
If Business was sold, buyer/successor name: Enter the contact name and phone number of the person or entity
to
whom you sold the business.
7)
Have all outstanding final returns, delinquencies, liabilities, and/or credits been addressed? Choose yes or no.
For questions or to check status, contact the Department.
8)
Is there a cash security and/or credit(s) posted on the account? Choose yes or no. Note: If you have a surety bond posted,
c
ontact your surety company.
•
If yes, should the cash security and/or credit(s) be refunded? Your cash security and/or credit(s) will be applied to any
outstanding liability prior to any refund. If you would like the cash security and/or credit(s) refunded, choose “yes”. The
check will be made payable to the corporate/entity name we have on file. If the entity is a sole proprietor or
partnership, it will be made payable to the owner(s) or partners. The refund will be sent to the mailing address provided
in this form.
• If you would like your cash bond/credit(s) applied to an outstanding liability or transferred to another account, please
mark "no" and contact the Department of Taxation.
9)
Is the business bank account open? It is recommended that the business bank account remain open until all outstanding
amounts have been resolved. If you have closed your bank account, please contact the Department for the applicable
paperwork to change the payee name on the check.
10) Authorization to close Nevada tax account: Signature must be that of a responsible party. Enter date of signature, printed
name, title with the business, and contact information for possible contact by the Department for questions or clarification.
Additional Information about your Modified Business Tax account:
If you have Modified Business Tax (MBT), you will first need to contact the Employment Security Division (ESD) at 775-684-6300
to change the status of your State Unemployment Insurance (UI) account. Your MBT account status will change effective the
same date the UI account status changed. All MBT returns must be filed for each UI return required to be filed whether or not
the business had wages to report during the reporting period.
ANY QUESTIONS? CALL THE NEVADA DEPARTMENT OF TAXATION CALL CENTER:
(866) 962-3707
