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Form S&U: BOND (NC) Sales Tax Surety Bond (Non-compliant Taxpayers) - Alabama
What Is Form S&U: BOND (NC)?
This is a legal form that was released by the Alabama Department of Revenue - a government authority operating within Alabama. Check the official instructions before completing and submitting the form.
FAQ
Q: What is the S&U: BOND (NC) Sales Tax Surety Bond?
A: It is a surety bond required for non-compliant taxpayers in Alabama to ensure payment of sales tax liabilities.
Q: Who needs to get this bond?
A: Non-compliant taxpayers in Alabama who have unpaid sales tax liabilities are required to get this bond.
Q: Why do non-compliant taxpayers need this bond?
A: The bond ensures that non-compliant taxpayers will fulfill their payment obligations for sales tax liabilities.
Q: How does the bond work?
A: The bond acts as a guarantee that the non-compliant taxpayer will pay their sales tax liabilities. If they fail to do so, the bond provides compensation to the state.
Q: What happens if a non-compliant taxpayer doesn't get this bond?
A: Failure to obtain the required bond may result in penalties, fines, or other legal consequences for the non-compliant taxpayer.
Q: How do I apply for the S&U: BOND (NC) Sales Tax Surety Bond?
A: To apply for this bond, you should contact a licensed surety bond provider or an insurance agent who specializes in surety bonds.
Q: How much does the bond cost?
A: The cost of the bond can vary depending on factors such as the taxpayer's credit history and the amount of sales tax liability.
Q: How long do I need to keep this bond?
A: The required duration for keeping the bond may vary. It is generally advisable to contact the Alabama Department of Revenue for specific information.
Q: Can I cancel the bond once it's been obtained?
A: Typically, surety bonds cannot be canceled by the bondholder. The bond remains in effect until the bond term is completed or canceled by the surety company.
Q: Are there any alternatives to obtaining this bond?
A: It is advisable to consult with the Alabama Department of Revenue for any available alternatives or options for non-compliant taxpayers.
Form Details:
- Released on May 1, 2020;
- The latest edition provided by the Alabama Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form S&U: BOND (NC) by clicking the link below or browse more documents and templates provided by the Alabama Department of Revenue.
