Nevada Title 32 Performance Tax Bond
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How much does a Nevada title 32 performance tax bond cost?
Nevada title 32 performance tax bond costs start at $100 annually for bond amounts up to $25,000, which are automatically calculated at $20/thousand. If your required bond amount is more than $25,000, your cigarette, liquor, or sales tax bond premium will be provided after a quick application review.
How do I get a title 32 performance tax bond in Nevada?
You can purchase your Nevada title 32 performance tax bond online 24/7 if your bond amount is $25,000 or less. If your bond amount is more than $25,000, you'll submit an online application. You'll need to provide the following information for Department of Taxation filing approval.
- required bond amount
- taxpayer name
- address
- reason why the Department of Taxation requires you to be bonded
- 10-digit state taxpayer ID, if available
Once your order has been processed, you'll receive a copy of your bond documents by email instantly. Your official Nevada tax bond will be delivered to your preferred mailing address.
How fast can I get a performance tax surety bond?
Our industry-leading technology and responsive customer service team allow us to deliver your official Nevada title 32 performance tax bond faster than any other surety provider. The DOT requires your performance tax bond be physically issued and shipped to you, so choose overnight shipping during checkout if you're in a rush. Orders placed by 4 PM CST Monday-Friday are typically shipped same-day.
What is a Nevada title 32 performance bond?
Nevada Revised Statute Title 32 requires certain individuals and businesses file a surety bond to ensure tax payments are made to the state. The Department of Taxation enforces 3 separate title 32 performance bond forms under Nevada Revised Statute Title 32.
- State form EXC-CIG-BND-01.01 is officially titled “Surety Bond Posted to Secure Performance Under Title 32 Chapter 370” but is more commonly known as the “cigarette tax bond.”
- State form BND-SUR-01.01 is officially titled “Surety Bond Posted to Secure Performance Under Title 32 Chapters 372, 374, 377A, and 377” but is more commonly known as the “sales tax bond.”
- State form BND-SUR-01.01 is officially titled “Surety Bond Posted to Secure Performance Under Title 32 Chapter 369 Liquor Excise Tax” but is more commonly known as the “liquor tax bond.”
Though titled individually, these 3 bond forms all require individuals pay taxes, interest, and penalties to the Nevada Department of Taxation promptly when due.
Why do you need the Nevada title 32 performance bond?
You need to purchase a Nevada title 32 performance bond if the Nevada Department of Taxation requires you to file it as guarantee you'll make tax payments. By filing this bond, you agree to comply with Nevada Revised Statutes and pay all taxes and other fines due to the state. If you fail to do so, your issuing surety company will pay valid claims up to your full bond amount, which you must reimburse.
Who regulates taxation for businesses in Nevada?
The Nevada Department of Taxation enforces tax requirements for businesses in the state. If you have questions about outstanding tax liability or your previous or upcoming tax payments, you can contact the Department by calling 1(866)962-3707.
The Nevada Department of Taxation requires this bond to guarantee sales tax payments are made to the state. If you sell or distribute alcohol in other states, we also offer alcohol tax bonds nationwide.
How is the bond limit determined for the Nevada tax bond?
Your required bond amount (or “bond limit”) will be determined based on the greatest amount of taxes you paid in any quarter of the preceding year. If a figure is not available, the Department of Taxation can set your bond amount. If you need help determining your required bond amount based on your quarterly revenue, contact the Nevada Department of Taxation before purchasing your surety bond.
How do I update or change my cigarette, liquor, or sales tax bond form?
If the Nevada Department of Taxation requires your bond form to be updated for any reason, contact your surety provider. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change. The most common changes requested are updating your name, address, or 10-digit state taxpayer ID to match your existing license or new business registration paperwork.
How do I renew my cigarette, liquor, or sales tax bond?
You must renew your Nevada cigarette, liquor, or sales tax bond annually before its current term expires. Once you pay your SuretyBonds.com renewal invoice, instructions will be provided to keep your bond active for your next license term.
How do I register my business in Nevada?
You can register your business by filling out your Nevada Business Registration packet. The state's business license application requirements and process vary by industry, license type, and business structure.
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