Louisiana Tax | Tax Surety Bond
Also known as: tax bond
Type of Bond
A Louisiana tax bond is a type of surety bond that may be required by the Louisiana Department of Revenue from businesses or individuals to ensure compliance with tax obligations. The bond serves as a financial guarantee to protect the state and taxpayers from potential financial losses resulting from non-payment or underpayment of taxes. The purpose of a Louisiana tax bond is to provide assurance that the bonded party will fulfill their tax responsibilities, including accurately reporting and remitting taxes owed to the state. It serves as a guarantee that the taxpayer will comply with tax laws, regulations, and filing requirements. When a business or individual is required to obtain a tax bond, the bond amount is typically determined by the Louisiana Department of Revenue based on factors such as the taxpayer's expected tax liability, financial history, and the nature of their business activities. If the bonded party fails to fulfill their tax obligations, violates tax laws, or engages in wrongful actions, a claim can be made against the bond. If the claim is proven valid, the bond issuer will provide compensation up to the bond amount to the state. The bonded party is then responsible for reimbursing the bond issuer for the payout made on their behalf. In summary, a Louisiana tax bond is a surety bond required by the Louisiana Department of Revenue to ensure compliance with tax obligations. It provides financial protection to the state and taxpayers, guarantees the fulfillment of tax responsibilities, and provides a mechanism for compensation in case of non-compliance or violations related to tax payment and reporting.
Program
The price you'll pay for your 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 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 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 Tax Bond Application process.
Obligee Information
An obligee is the entity that is requiring you to have the Tax bond.
Obligee: Secretary Of The Department Of Revenue For The State Of Louisiana
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!