This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Purchase Business Sale Purchase For Tax Purposes In Maryland
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State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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To file or pay your taxes, visit the Maryland Tax Connect portal, use an independent software provider, or a professional tax preparer. Buyers may claim a refund for any tax paid on purchases for resale, using line 11 of their next sales and use tax return.Electronic filing Sales taxes can be filed online through the Comptroller website. A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price.