Available in All Kentucky Counties
Taxscribe transforms tax management for business owners and CPAs in Kentucky, 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 Kentucky’s tax compliance requirements.
Available Forms:
- - Tangible Personal Property return Form 62A500
What is Business Personal Property?
In Kentucky, business personal property, or tangible personal property, is taxable property that includes:
- Aircraft
- Business Machinery
- Computers
- Equipment
- Furniture
- Inventories
- Supplies
In Kentucky, business personal property, or tangible personal property, is taxable property that includes:
- Aircraft
- Business Machinery
- Computers
- Equipment
- Furniture
- Inventories
- Supplies
Who should file a Tangible Personal Property return?
Each individual, partnership, or corporation that has taxable personal property must file a return Form 62A500 with their local Property Valuation Administrator.
Each individual, partnership, or corporation that has taxable personal property must file a return Form 62A500 with their local Property Valuation Administrator.
When you should file:
Tangible Personal Property returns should be filed between January 1 and May 15.
Tangible Personal Property returns should be filed between January 1 and May 15.
Exemptions:
Form 62A500 is not required to be filed for tangible personal property with a sum fair cash value of $1,000 or less per property location.
Form 62A500 is not required to be filed for tangible personal property with a sum fair cash value of $1,000 or less per property location.
Important Notes:
- There are no extensions for filing of tangible personal property tax forms 62A500.
- A separate return must be filed for each property location within Kentucky.
- Any personal property which has not been listed for taxation, for any year in which it is taxable, by the due date of that year shall be deemed omitted property, subject to penalties.
- There are no extensions for filing of tangible personal property tax forms 62A500.
- A separate return must be filed for each property location within Kentucky.
- Any personal property which has not been listed for taxation, for any year in which it is taxable, by the due date of that year shall be deemed omitted property, subject to penalties.
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