How do I satisfy the Security Deposit if I do not make a cash payment online?
You can mail the Security Deposit to: Department of Taxation, 1550 College Parkway, Suite 115, Carson City, Nevada 89706-7937.
A Sales/Use Tax permit will not be issued until applicable security is submitted. In order to determine the security requirement, compute your average monthly taxable sales. Multiply taxable Nevada sales by the highest tax rate in Nevada. This is your estimated average monthly tax liability. Security is required equal to three times your monthly tax liability for monthly reporting or six times monthly tax liability for quarterly reporting.
A security deposit will not be required if the amount calculated does not exceed $1,000. There is no maximum security. After three full years of perfect reporting, you may apply for a waiver of the security requirement.
Questions? Call the Nevada Department of Taxation at (866) 962-3707.
This FAQ pertains to SilverFlume Nevada's Business Portal at www.nvsilverflume.gov. The Nevada Department of Taxation partners with SilverFlume Nevada's Business Portal to simplify your Nevada Taxation registration steps.
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