Fill - Free fillable 2016 Business Personal Property Form - Fillable Pdf (Montgomery County, Virginia) PDF form

CID: PID:

(1) A complete list of all assets employed in your trade or

business, the date acquired and the total original cost.

(2) A copy of all Federal Income Tax Return Forms and

Schedules, including Form 4562, filed for this business the

immediate past year. IFTA form is required when applicable.

(3) Sufficient evidence to support disposition of assets

previously reported.

4. COMPUTER EQUIPMENT: Report below the total original cost of all

computer equipment including mainframe and personal computers, PDA's,

monitors, CPUs, servers, disk drives, peripheral equipment including

printers, scanners, memory cards, cables and any other tangible property

used in business, including those fully depreciated.

2010 & Prior x 30%= x 10%=

2011 x 40%= x 50%=

2012 x 50%= x 70%=

2013 x 60%= x 80%=

2014 x 70%=

2015 x 80%=

TOTAL

x 20%=

2008 & Prior x 40%=

2009-2011 x 50%=

DECLARATION BY TAXPAYER: I declare that the foregoing statements and

2012-2015 x 60%=

figures are true, full and correct to the best of my knowledge and belief.

TOTAL

2010 & Prior x 10%=

2011 x 20%=

2012 x 30%=

2013 x 50%=

2014 x 60%=

2015 x 80%=

TOTAL

Original Cost

as Listed by Taxpayer

YEAR

ACQUIRED

ORIGINAL

COST

ASSESSED VALUE

Inventory on Hand

Daily Rental Property

Daily Rental Vehicles

TOTAL

2. MACHINERY AND TOOLS: Report below the total original

capitalized cost of all machinery and tools used directly in

manufacturing, mining, processing, reprocessing, radio,

broadcasting, dry cleaning, commercial laundry or motor vehicle

cleaning business including those fully depreciated.

ASSESSED VALUE

2012 & Prior

2015

2014

2013

lawn equipment, hand/power tools, office machines,

Business Cease Date

in Montgomery County

Physical Address

of Property

Nature of

Business

YOU MUST INCLUDE THE FOLLOWING WITH YOUR RETURN:

Location of Business

on January 1

Blacksburg Christiansburg County

PLEASE READ INSTRUCTIONS (FRONT AND BACK) CAREFULLY BEFORE COMPLETING.

FILE ON OR BEFORE MAY 1

After May 1 - Late filing penalty of 5% or $10 whichever is greater

FEIN/Taxpayer Social

Security Number

DBA if different than

name to the left

Business Start Date

in Montgomery County

755 Roanoke St, Suite 1A, Christiansburg, VA 24073

Commissioner of the Revenue

Helen P. Royal

Phone: (540) 382-5710 Fax: (540) 381-6838

2016

MONTGOMERY COUNTY

RETURN OF BUSINESS PERSONAL PROPERTY

AS OF JANUARY 1ST, 2016

Email: businesspp@montgomerycountyva.gov

Signature of Taxpayer

Date

Printed Name of Taxpayer

Signature of Preparer

Date

1. BUSINESS FURNITURE, FIXTURES & LIGHT EQUIPMENT:

Report below the total original cost of all furniture, fixtures,

business/mobile phones, books, signs and any other tangible

property used in business, including those fully depreciated.

YEAR

ACQUIRED

ORIGINAL

COST

ASSESSED VALUE

TOTAL

TYPE OF INVENTORY

Assessed

Value

YEAR

ACQUIRED

ORIGINAL

COST

3. TRUCKS TRACTORS, TRAILERS NOT LISTED ON BACK PAGE &

HEAVY CONSTRUCTION EQUIPMENT: Report Below any heavy

equipment that isn't already listed on the back page of this form

including those fully depreciated.

YEAR

ACQUIRED

ORIGINAL

COST

5. MERCHANTS CAPITAL: Report below the market value of the inventory on

hand as reported on tax schedule as of 12/31/15 and attach a copy of the

Income Tax Schedule.

ASSESSED VALUE

Email Address

Phone Number

Email Address

Phone Number

Printed Name of Preparer

Name:

Address:

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signature

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6. LEASED PROPERTY: List all Tangible Personal Property leased, rented, borrowed or made available for use as of January 1 (Virginia Code 58.1-3518)

Attach a separate sheet if more space is required.

Year

Make Model

Title

Number

Plate

Number

Weight PSD

Purchase

Date

Sold

Date

Original

Cost

HELEN P. ROYAL

COMMISSIONER OF THE REVENUE

COUNTY OF MONTGOMERY

755 ROANOKE ST STE 1A

CHRISTIANSBURG VA 24073-3169

Address & Phone Number of Owner

Start & End Dates

of Lease

Description of Item (ID, Serial, Model or

Title Numbers)

Quoted

Purchase Price

Name of Owner

(Lessor)

LIST BELOW VEHICLES THAT ARE USED IN BUSINESS Indicate costs of vehicles 14,000lbs or more, boats plus motors & aircraft in the space provided.

Vehicle ID

(VIN)

It is a Class 1 Misdemeanor for any person willfully to subscribe a return which he does not believe to be true and correct as to every

material matter (Code of Virginia 58.1-11).

7. MOTOR VEHICLES USED IN BUSINESS: All Motor vehicles listed below have been identified from the Virginia Department of Motor Vehicles record.

All property owned or in your possession is subject to tax. To avoid improper assessment, indicate date of sale for any property and list below any

additional motor vehicles, mobile homes, boats and campers owned.

What happens if I do nothing? Since the assessment is based on information and schedules 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 the Revenue is required by law to assess property

based on the best information available, which will result in a tax bill due. This is called a statutory assessment (VA Code Sec. 58.1-3519).

IMPORTANT PLEASE NOTE:

The use of "SAME AS LAST YEAR", "NO CHANGE", "SEE ATTACHED" or returning a blank form will constitute an invalid filing and may be subject to a late filing

penalty. If "ZERO" or "NONE" is listed, an explanation describing how you are able to operate a business without tangible personal property must be

provided.

How can I get help? Additional forms, information and assistance are provided by the Commissioner of the Revenue Office. You may call (540) 382-5710 or

email businesspp@montgomerycountyva.gov.

MONTGOMERY COUNTY BUSINESS PERSONAL PROPERTY RETURN INSTRUCTIONS

What is this form? This is your Business Personal Property declaration on which you are to file all furniture, fixtures, tools, light/heavy equipment, computer

equipment and merchants capital (inventory) used in a trade or business. Machinery and Tools used in manufacturing, mining, processing, reprocessing, radio

or television broadcasting, dry cleaning, commercial laundry or motor vehicle cleaning business are to be listed and segregated as a separate class (VA Code

Sec. 58.1-3507)

What should I do with it? First take a look at the preprinted ownership information for accuracy. Then follow the instructions for each box where applicable.

You need to provide a complete list of all property used in your business. The list should include the name of the item, acquisition date and cost (whether

fully depreciated or not for federal income tax purposes). In the event there was no cost for acquisition, please provide an estimate of fair market value at the

time of acquisition.

Am I required to file this form? If you conducted business as an individual, partnership or corporation, or if you own leased business equipment in

Montgomery County on January 1 of this year, you must complete and return this form.

When is it due? The form and associated schedules/property lists are due no later than May 1st. If you file late or not at all, by law a 5% penalty or $10.00

whichever is greater will be added to your bill. If you are unable to file by May 1st, you may request a 60 day extension. The request must be in writing to the

Commissioner of the Revenue and must be made prior to May 1st.

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