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1. 2016 tax extension form business update#
2. 2016 tax extension form business software#
3. 2016 tax extension form business License number#

The real estate valuation includes such items as floor covering, wall covering, ceilings, normal lighting, heating, air conditioning, sprinkler systems, paving, fencing and area lighting. Examples would be security systems, telephone systems, alarm systems, kitchen equipment, millwork, shelving, furnishings attached to real estate, heating and/or air conditioning systems for special purpose areas, coolers, piping (other than normal plumbing), and any other similar items. Certain improvements are not assessed as real estate but are considered to be personal property. Report total investment during preceding calendar year in leasehold improvements. Provide information as to the categories of property carried in this account and a detail of the expenditures for each during the preceding calendar year. Report 100% cost of all personal property carried in the CIP account as of January 1. Intangible Personal Property has been exempted as of January 1, 1997.

If you manufactured this equipment, you must furnish selling price new, not manufactured cost. If you own such property, attach a schedule showing lessee’s name and address, a description of the property, the year acquired and the cost. Personal property which you rent or lease to others is not exempt from property taxes.

2016 tax extension form business License number#

List unlicensed vehicles and special truck mounted equipment (cranes, wrecker equipment, etc.) attaching a schedule showing the year acquired, cost, description of equipment and license number of vehicle on which installed. All items must be listed at 100% cost including installation, sales tax, freight and any associated costs.

2016 tax extension form business software#

Tangible personal property includes, but is not limited to, machinery, equipment, furniture, fixtures, drawings, signs, purchased software which is treated as a capital asset, reference libraries, etc.

2016 tax extension form business update#

Taxpayers with a business year-end other than December 31 must update their records to the January 1 reporting date. This includes raw materials, goods in process of manufacturing, and finished goods.Īll tangible personal property must be listed as of January 1. Inventories, for example, goods held for sale in the regular course of business by manufacturers, retail merchants and contractors are exempt from personal tax. Hotels and hospitals should list the supplies that are provided in their room charge. Include spare parts held for equipment maintenance and repair even though they may be carried in an inventory account. List all supplies and materials which are not consumed in manufacturing or processing or that become a part of the sale of the property being sold. How Do I Obtain a Business Personal Property Listing Form? All late filed listings will be subject to a ten percent (10%) penalty.Īn extension of time to list may be obtained by sending a written request showing "good cause" to the County Assessor by January 31, or by requesting an extension online. Postal Service (for instance, your own postage meter) the listing shall be deemed to be filed when received in the Durham County Tax Administration Business Department. If no date is shown on the postmark, or if the postmark is not affixed by the U.S. Listings submitted by mail shall be deemed to be filed as of the date shown on the postmark affixed by the U.S. Listings can be submitted online or by mail. The business personal property listing must be filed on or before January 31 with the Durham County Tax Administration Business Department. When and Where Does a Business Owner List? Rented furnishings (landlord only) owners of furnished rental units (house, apartment, condo, mobile home, etc.), should list. The question of exempt status does not excuse any of the foregoing from this requirement.įarmers, carpenters and mechanics who own tools and equipment used in a trade or business should list.Īpartment complexes should list furnishings (furniture, blinds, drapes, etc.) and/or major appliances (ranges, refrigerators, dishwashers, etc.). The completion of a listing is required of all individuals, partnerships, corporations and associations who on January 1 own, control or possess any amount of leasehold improvements or personal property (tangible) used or held for a business purpose.

Who Must File A Business Personal Property Listing? (See Types of Business Personal Property below).