Fillable 2021 Business Personal Property Form Fillable (Montgomery County, Virginia)

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2021 Business Personal Property Form Fillable (Montgomery County, Virginia)

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File type: PDF

U.S.A. forms for Montgomery County, Virginia

BROWSE MONTGOMERY COUNTY, VIRGINIA (VA) FORMS

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CID: PID:
Town of
County
Christiansburg
4. COMPUTER EQUIPMENT: Report below the total original cost of all
computer equipment including mainframe and personal computers,
monitors, CPUs, servers, disk drives, peripheral equipment including
printers, scanners, memory cards, cables and any other tangible computer
property used in business, including those fully depreciated.
2015 & Prior x 30%= x 10%=
2016 x 40%= x 50%=
2017 x 50%= x 70%=
2018 x 60%= x 80%=
2019 x 70%=
2020 x 80%=
TOTAL
2013 & Prior x 40%=
2014-2016 x 50%=
I have read this form in it's entirety and have completed
2017-2020 x 60%=
it to the best of my ability.
TOTAL
DECLARATION BY TAXPAYER: I declare that the foregoing statements and
figures are true, full and correct to the best of my knowledge and belief.
2015 & Prior x 10%=
2016 x 20%=
2017 x 30%=
2018 x 50%=
2019 x 60%=
2020 x 80%=
TOTAL
ORIGINAL COST
%
Assessed
Value
ORIGINAL COST
%
Assessed
Value
ORIGINAL COST
%
Assessed
Value
READ ALL INSTRUCTIONS ON BACK
BEFORE COMPLETING
Town of
Blacksburg
Email Address
Phone Number
2021
MONTGOMERY COUNTY
If "ZERO" or "NONE" is listed, an explanation describing how you are able to operate a business without tangible personal property must be provided.
Signature of Taxpayer
Date
Phone Number
Email Address
Date
Name:
Address:
Printed Name of Taxpayer
TOTAL
Signature of Preparer
YEAR
ACQUIRED
Printed Name of Preparer
YEAR
ACQUIRED
5. MERCHANTS CAPITAL: Report below the market value of the inventory on
hand as reported on tax schedule as of 12/31/20 and attach a copy of the
Income Tax Schedule.
YEAR
ACQUIRED
YEAR
ACQUIRED
INVENTORY
(including daily rental)
Original Cost
as Listed by Taxpayer
ORIGINAL COST
%
Assessed
Value
755 Roanoke St, Suite 1A, Christiansburg, VA 24073
Location of Business
on January 1
The use of "SAME AS LAST YEAR", "NO CHANGE", "SEE ATTACHED" ,returning a blank form or not attaching an asset list will constitute an invalid filing.
YOU MUST INCLUDE THE FOLLOWING WITH YOUR RETURN:
(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.
2017 & Prior
2020
2019
2018
Commissioner of the Revenue
Helen P. Royal, MCR
Phone: (540) 382-5710 Fax: (540) 381-6838
RETURN OF BUSINESS PERSONAL PROPERTY
Email: businesspp@montgomerycountyva.gov
AS OF JANUARY 1ST 2021. 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
Business End Date
in Montgomery County
Physical Address
of Property
Nature of
Business
%
Assessed
Value
Inventory on Hand
as of 12/31/2020
x 20%=
TOTAL
click to sign
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.
7. SUB-CONTRACTORS: List below any sub-contractors who work with or for you in Montgomery County.
Year
Make Model
Title
Number
Plate
Number
Weight PSD
Purchase
Date
Sold
Date
Original
Cost
HELEN P. ROYAL, MCR
COMMISSIONER OF THE REVENUE
COUNTY OF MONTGOMERY
755 ROANOKE ST STE 1A
CHRISTIANSBURG VA 24073-3169
NAME
ADDRESS
PHONE NUMBER
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)
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).
8. MOTOR VEHICLES USED IN BUSINESS: (more than 50%) All Motor vehicles listed below have been identified from the Virginia Department of Motor
Vehicles. 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. If changes need to be made send proof of correct information.
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", returning a blank form or not attaching an asset list 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, 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
(even if fully depreciated or expensed off 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.
LIST BELOW VEHICLES THAT ARE USED MORE THAN 50% IN BUSINESS Indicate costs of vehicles 14,000lbs or more, boats plus motors & aircraft.
Vehicle ID
(VIN)
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2021 Business Personal Property Form Fillable (Montgomery County, Virginia)

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Completed 22 January 2021

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