Tax Certification Overview
A Tax Certificate details individual taxing authorities for a property, providing assessed property value, taxes imposed, tax liens, and exemptions applied.
Certificate of Existence and Authority
A “certificate of fact – status” serves as evidence of an entity’s existence or authority to transact business in Texas. Obtain a tax clearance certificate from the IRS through fax, mail, or in-person at district tax office branches.
Exemption Certificates in Texas
Exemption certificates are issued to income recipients not subject to withholding tax. They need to be attached to annual income tax returns to claim tax exemption.
A Texas property tax certificate certifies the current state of taxes, including any delinquent amounts due. Organizations qualifying for tax exemption must meet IRS requirements.
- Buyers can acquire tax lien certificates from various sources such as government auctions, county treasurers, or brokers.
- It’s advised to seek local advice to make well-informed investment decisions before purchasing tax lien certificates.
- Texas Form 01-339 is used as a resale certificate for sales and use tax purposes in Texas.
- Sellers accepting this form do not collect sales tax; instead, the buyer charges sales tax when reselling the items.
- To get a Texas resale certificate, apply for a Sales Tax Permit with a unique Sales Tax Number. Provide this number to complete the resale certificate.
- Both the buyer and seller must complete this certificate to claim sales tax exemption on resale items.
Tax Clearance Certificates
A Tax Clearance Certificate confirms that your tax affairs are in order. It’s essential for various purposes like tenders, contracts, or funding applications.
Tax Certification Purposes
A tax certificate conveys information about taxes for various purposes, such as tax liens, verifying withholding amounts, and proof of tax payment.
Tax Compliance Certification
A Tax Compliance Certificate from the KRA is issued to taxpayers who have filed all taxes due as required by law. It is valid for 12 months.
- The cost of hiring a certified tax preparer varies based on the complexity of the returns.
- Verification of a tax preparer’s qualifications can be done through the IRS Directory of Federal Tax Return Preparers or by requesting references.
Tax-Centered Job Certifications
Certification requirements for tax-centered jobs vary based on the role. IRS jobs often require credentials demonstrating competency in tax law.