Available in All Indiana Counties
Taxscribe transforms tax management for business owners and CPAs in Indiana, streamlining the shift from paper forms to efficient online filing. Offering advanced user management, easy data import, intuitive form completion, smooth submission processes, and comprehensive analytics, Taxscribe makes tax filing easier. It ensures businesses of every scale effortlessly navigate Indiana’s tax compliance requirements.
Available Forms:
- - Business Tangible Personal Property Return Form 104
What is Business Personal Property?
Business tangible personal property is the value of all property besides real estate that is used in your business or organization. It includes items like computers, furniture, fixtures, tools, leased equipment, and any other equipment used in producing an income.
Business tangible personal property is the value of all property besides real estate that is used in your business or organization. It includes items like computers, furniture, fixtures, tools, leased equipment, and any other equipment used in producing an income.
Who should file a Business Personal Property Tax Return?
All businesses, churches, and not-for-profit organizations must file business tangible personal property forms with the assessor’s office each year, even if qualified for an exemption.
All businesses, churches, and not-for-profit organizations must file business tangible personal property forms with the assessor’s office each year, even if qualified for an exemption.
When you should file:
The annual filing deadline is May 15.
The annual filing deadline is May 15.
Exemptions:
If the total cost of your business personal property in a county is less than $80,000, you are eligible for an exemption. You must declare this on the appropriate form (Form 102, 103-Short, or 103-Long). If you have already claimed this exemption in a previous year and still qualify, you do not need to file again unless your status changes.
If the total cost of your business personal property in a county is less than $80,000, you are eligible for an exemption. You must declare this on the appropriate form (Form 102, 103-Short, or 103-Long). If you have already claimed this exemption in a previous year and still qualify, you do not need to file again unless your status changes.
Extensions:
Some jurisdictions will allow an extension to the filing deadline. Check with your local assessor
Some jurisdictions will allow an extension to the filing deadline. Check with your local assessor
Important Notes:
- Late filings may result in penalties.
- Any questions regarding business personal property tax should be directed to your local assessor.
- Late filings may result in penalties.
- Any questions regarding business personal property tax should be directed to your local assessor.
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