2012 Business Tangible Property Return Form For Spotsylvania County - Virginia Commissioner Of Revenue Page 2
Download a blank fillable 2012 Business Tangible Property Return Form For Spotsylvania County - Virginia Commissioner Of Revenue in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete 2012 Business Tangible Property Return Form For Spotsylvania County - Virginia Commissioner Of Revenue with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3Spotsylvania County, Virginia
Complete this form in its entirety. If information is preprinted, please review for accuracy.
Cross through incorrect information and update as applicable.
WHO SHOULD FILE?
Virginia Tax code 58.1-3518 requires all business owners, including home based businesses, to file a
business tangible property return and current asset list annually. If you conducted business as an
individual, partnership or corporation, or if you own leased business equipment in Spotsylvania County on
January 1 of this year, you must complete and return this form.
A separate form should be submitted for
each business location.
HOW & WHAT ITEMS DO I FILE?
st
All property located in Spotsylvania County on January 1
and used or available for use in your business
is taxable. Enclosed is the Business Property return on which to report all furniture, fixtures, tools and
equipment used in a trade or business. Machinery and Tools used in manufacturing, mining, processing,
reprocessing, radio or television broadcasting, dry cleaning or laundry business are to be listed and
segregated as a separate class (Virginia Tax Code Section 58.1-3507).
Property required to be reported
on this form is not subject to proration and is taxed for the entire year, even if it is sold or moved out of the
st
County after January 1
.
Itemized List
-
Attach an itemized listing of all assets owned or used by the business.(See reverse
for sample listing.) The list needs to contain the name of the item, acquisition date and cost. In the
event there was no cost for acquisition, please provide an estimate of fair market value at the time of
acquisition.
This includes property that is:
o owned personally and used in the business on a full or part-time basis
o received as a gift
o leased or rented (do not include real estate)
o fully depreciated or expensed for federal tax purposes.
o Example of items: hand held tools, power tools, desktop/laptop computers, fax, desks, chairs,
calculators, cubicles, filing cabinets, telephones/cellphones, shelves, pictures, pallet jacks,
forklifts, skidders, signs (fixed or portable), cameras, recorders, etc.
Incomplete Return
-
Upon receipt, all returns are reviewed for completeness. Do not write
“SAME AS LAST YEAR” or “SEE ATTACHED” as this will result in the rejection of the return.
Penalties may be incurred if form is not properly completed and signed.
–
Internet Based Businesses
These types of businesses must report any assets they use to
operate the business. This includes (but not limited to) computers, printers, fax machines, desk,
chair, scanners, etc. whether they are personal or business owned.
No Cost Provided
-
Since the assessment is based on information and a listing that you
provide, an assessment will be made by means of percentage of original cost and/or fair market
value.
If no information is provided, the Commissioner of Revenue is required by law to
assess property based on the best information available.
ADVERTISEMENT
0 votes
Related Articles
Related forms
2011 Business Tangible Property Return For Spotsylvania County - Virginia Commissioner Of Revenue
Financial
2010 Business Tangible Property Return For Spotsylvania County - Virginia Commissioner Of Revenue
Financial
2013 Business Tangible Property Return For Spotsylvania County - Virginia Commissioner Of Revenue
Financial
Business Return Of Tangible Property And Machinery & Tools Spotsylvania County Form - 2007 (expired)
Financial
Business Tangible Property Return - Prince William County Tax Administration Division - 2012
Financial
Related Categories
Parent category: Financial