Massachusetts Sales Tax | Sales Tax Surety Bond

Also known as: sales tax bond

Type of Bond

A Massachusetts sales tax bond is a type of surety bond that may be required by the Massachusetts Department of Revenue for businesses engaged in selling goods or services subject to sales tax within the state. It serves as a financial guarantee that the bonded business will comply with state tax laws, accurately report and remit sales tax collected from customers, and fulfill their tax obligations. The purpose of the sales tax bond is to protect the government and the public by ensuring that the bonded business collects and remits the correct amount of sales tax to the Massachusetts Department of Revenue. It provides recourse for the government if the business fails to remit the required sales tax or engages in fraudulent activities related to sales tax collection. By obtaining the bond, the bonded business agrees to fulfill their sales tax obligations, which typically include accurately recording sales, calculating and collecting the appropriate amount of sales tax, filing sales tax returns, and remitting the collected sales tax to the Massachusetts Department of Revenue in a timely manner. If the bonded business fails to meet these obligations or violates the terms of the bond agreement, a claim can be filed against the bond, allowing the government to seek financial compensation for any unpaid sales tax or damages. The sales tax bond is typically obtained through a surety bond company. The surety bond company assesses the financial stability and credibility of the bonded business before issuing the bond. The bond amount is determined by the Massachusetts Department of Revenue and may vary based on factors such as the estimated sales tax liability or the volume of sales conducted by the business. It's important to note that the specific requirements for a Massachusetts sales tax bond can vary depending on the circumstances and the regulations set by the Massachusetts Department of Revenue. Businesses may be required to obtain this bond to demonstrate their financial responsibility, compliance with sales tax regulations, and commitment to fulfilling their tax obligations in Massachusetts.


Program

The price you'll pay for your Sales Tax Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of Sales Tax Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a Sales Tax Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Sales Tax Bond Application process.

Obligee Information

An obligee is the entity that is requiring you to have the Sales Tax bond.

Obligee: Department Of Revenue Services
Street: Po Box 2937
State: Connecticut
Zip: 6104