Available in All Virginia Counties
Taxscribe transforms tax management for business owners and CPAs in Virginia, 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 Virginia’s tax compliance requirements.
Available Forms:
- - Business Tangible Personal Property Return Form 762
What is Business Tangible Personal Property?
Business tangible property includes property owned by the business, property owned personally and used in the business on a full- or part-time basis, property received as a gift, property that is leased or rented, and property that is fully depreciated or expensed for federal tax purposes. Examples of business tangible property include furniture, fixtures, computer equipment, heavy equipment, and vehicles.
Business tangible property includes property owned by the business, property owned personally and used in the business on a full- or part-time basis, property received as a gift, property that is leased or rented, and property that is fully depreciated or expensed for federal tax purposes. Examples of business tangible property include furniture, fixtures, computer equipment, heavy equipment, and vehicles.
Who should file a Business Tangible Personal Property Return?
Anyone who owns business tangible personal property on January 1st should file a return.
Anyone who owns business tangible personal property on January 1st should file a return.
When you should file:
The filing deadline for business tangible personal property is May 1st of each year.
The filing deadline for business tangible personal property is May 1st of each year.
Important Notes:
- Late filing penalties may be assessed for renewals submitted after May 1.
- If the filing deadline falls on a Saturday, Sunday, or county holiday, the deadline is the following business day.
- Contact your local assessor to learn more about filing extensions and exemptions in your jurisdiction.
- All questions should be directed to your local assessor.
- Late filing penalties may be assessed for renewals submitted after May 1.
- If the filing deadline falls on a Saturday, Sunday, or county holiday, the deadline is the following business day.
- Contact your local assessor to learn more about filing extensions and exemptions in your jurisdiction.
- All questions should be directed to your local assessor.
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