Form 1 - Annual Report And Personal Property Return - 2014 Page 2
Download a blank fillable Form 1 - Annual Report And Personal Property Return - 2014 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 Form 1 - Annual Report And Personal Property Return - 2014 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
3
420__
16
BUSINESS TANGIBLE PERSONAL PROPERTY LOCATED IN MARYLAND
EACH QUESTION MUST BE ANSWERED—SEE INSTRUCTIONS
ROUND CENTS TO THE NEAREST WHOLE DOLLAR
Form 1
continued
II
SECTION
Page 2 of 4
A. IMPORTANT: Show exact location of all personal property owned and used in the State of Maryland,
including county, town, and street address (PO Boxes are not acceptable). This assures proper distribution
of assessments. If property is located in two or more jurisdictions, provide breakdown by locations by
completing additional copies of Section II for each location.
(County)
(Address, Number and Street)
(Zip Code)
Check here if this location has changed from the prior year return.
(Incorporated Town)
Is the property located inside the limits of an incorporated town?
________________
(Yes or No)
Note: If all of the personal property of this business is located entirely in the following exempt counties: Dorchester, Frederick, Garrett,
II
II
Kent, Queen Anne’s, or Talbot, you may be eligible to skip the remainder of Section
. Refer to Specific Instructions, Section
, A for
more information.
Œ
Furniture, fixtures, tools, machinery and equipment not used for manufacturing or research and development. State the original
cost of the property by year of acquisition and category of property as described in the Depreciation Rate Chart on page 4. Include all fully
depreciated property and property expensed under IRS rules.
Columns B through G require an explanation of the type of property being reported. Use the lines provided below. If additional space is needed,
provide a supplemental schedule. Failure to explain the type of property will result in the property being treated as Category A property
(see instructions for example). Refer to the Depreciation Rate Chart on page 4 for computer equipment rates for categories B and D.
ORIGINAL COST BY YEAR OF ACQUISITION
SPECIAL DEPRECIATION RATES (SEE PAGE 4)
Year Acquired
B
C
D
E
F
G
TOT L COST
2015
0
2014
0
2013
0
2012
0
2011
0
2010
0
2009
0
& prior
2008
0
TOTAL COST COLUMNS A-G
0
DESCRIBE B through G PROPERTY HERE:
C
ommercial Inventory. Furnish an average of 12 monthly inventory values taken in Maryland in prior year at cost or market value of
merchandise and stock in trade. Include products manufactured by the business and held for retail sale and inventory held on
consignment. (Do not include raw materials or supplies used in manufacturing.) Note: LIFO prohibited in computing inventory value.
Furnish from the latest Maryland Income Tax return:
Average Commercial Inventory
Opening Inventory - date _____________________ amount $ _________________________
$
Closing Inventory - date _____________________ amount $ _________________________
Note: Businesses that need a Trader’s License must report commercial inventory here.
Ž
Supplies. Furnish the average cost of consumable items not held for sale (e.g., contractor’s supplies, office supplies, etc.).
Average Cost
$
Manufacturing/Research and Development (R&D) Inventory. Furnish an average of 12 monthly inventory values taken in Maryland
during prior year at cost or market value of raw materials, supplies, goods in process and finished products used in and resulting from
manufacturing/R&D by the business. (Do not include manufactured products held for retail sale.)
Furnish from the latest Maryland Income Tax return:
Average Manufacturing/R&D Inventory
Opening Inventory - date _____________________ amount $ _________________________
$
Closing Inventory - date _____________________ amount $ _________________________
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form 1 - Annual Report And Personal Property Return - Maryland Department Of Assessment And Taxation - 2016
Financial
Form At3-51 - Annual Report And Personal Property Return Of Sole Proprietorships And General Partnerships - 2017
Financial
Related Categories
Parent category: Financial