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Will Classification 5 taxpayers need to register with the Department of Revenue in addition to registering with the Department of Financial Institutions as an industrial loan and thrift company?

April 26, 2017addition Classification Department financial institutions industrial REGISTER revenue taxpayers

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Will Classification 5 taxpayers need to register with the Department of Revenue in addition to registering with the Department of Financial Institutions as an industrial loan and thrift company?

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Yes, Classification 5 taxpayers must also file an Application for Business Tax License form with the Department of Revenue in order to register. The company will then receive an account number to use when filing the annual business tax return with Department of Revenue.