Many tax professionals who consult on transactions involving the sale of a New York business operation often overlook the state's
bulk sale notification requirements, which could represent a trap for the unwary.
The
bulk sales are expected to result in fourth quarter 2012 pre-tax charges of approximately USD11.
First, the retailer exclusion does not apply in cases of
bulk sales of oil or natural gas, which are defined as "sales in very large quantities," to a commercial or industrial user (Regs.
While Moodys expects Renhe's sales in 2010 could meet its expectation, a significant portion was conducted by
bulk sales in second half of 2010.
Bulk sales also may be exempted from sales and use taxes.
B) New ABC rules that now permit
bulk sales and steeply discounted subscriptions to be counted as top-line paid circulation.
will halt
bulk sales of synthetic vitamin E products to food manufacturers, said the parent company.
Prior to 1990, Article 6 of the Uniform Commercial Code (UCC) was the uniform state law that regulated
bulk sales.
Available in either single subscription or in
bulk sales, the monthly provides hospitals and physician practices with management tools, marketing strategies, and successful business practices.
Appraisers could not keep up, and appraisals did not seem propriate for
bulk sales anyway.
Anton noted that
bulk sales are "ramping up" as loans become due.
