Get Fp-308b 2014 Office And Retail Income And Expense Report - Otr Cfo Dc

This guide provides clear instructions on how to complete the FP-308B 2014 Office And Retail Income And Expense Report online. By following the steps outlined below, users can accurately report their income and expenses associated with office and retail properties, ensuring compliance with the District of Columbia tax regulations.

Follow the steps to effectively fill out the FP-308B form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the property information at the top of the form, including square, suffix, lot, use code, and neighborhood. You will also need to provide the premise address and mailing address.
3. Indicate whether any portion of the building is owner-occupied or tax-exempt by selecting 'Yes' or 'No.' If the property is 100% owner-occupied, be prepared to complete specific sections accordingly.
4. Select the accounting methodology used to prepare the statement from the options provided: accrual, cash, or uncertain.
5. In Section A, provide certification by entering the name of the management company, the title or relationship of the responsible contact person, their phone number, and the owner’s federal tax ID number. Ensure this section is signed and dated.
6. For the Leasable Areas section, provide detailed information about each type of leaseable area in square feet. Include measurements according to the prescribed methods.
7. Fill out the Vacancy Information section, providing square footage details for both vacant spaces and estimates of income loss due to vacancies and bad debts.
8. In the Annual Income section, input detailed income data for the reporting period, summarizing gross potential rental incomes and various types of additional income.
9. Complete the Annual Operating Expenses section by listing all relevant expenses while ensuring that real estate taxes and capital expenditures are excluded from this section.
10. Review and finalize all sections before saving your changes. You can then download, print, or share the completed form as necessary.

Ensure compliance by completing the FP-308B form online today.