Get Form Pt 10

Filling out the Form Pt 10 is an important step for local exchange telephone companies and related entities to declare their tangible personal property used in business. This guide will provide you with clear and supportive instructions on how to complete the form online, ensuring that you meet all necessary requirements.

Follow the steps to fill out the Form Pt 10 successfully

1. Press the ‘Get Form’ button to obtain the form and open it in your preferred online editor.
2. Begin by entering the tax year in the designated field at the top of the form. Ensure you select the correct year as this impacts your tax calculations.
3. In the assessor's code number field, provide the appropriate code as assigned to your municipality, ensuring accuracy to avoid issues.
4. Fill in the taxpayer's name and address section by typing or printing clearly. This information is crucial for identifying your submission.
5. Complete the section for the name and address of the person or office for contact regarding this return. This should be the individual responsible for the form.
6. Proceed to Schedule A, where you will report the depreciated value of machinery, equipment, and other property. Begin with the original cost of the taxable tangible personal property owned as of January 1, 2015.
7. Next, input the depreciation reserve on the taxable property as of the same date. This allows for the calculation of the net value.
8. Calculate the net value: subtract the depreciation reserve from the original cost and enter the result in the net value field.
9. If applicable, make any adjustments to the net value in line 4 of Schedule A and provide a written explanation, if necessary.
10. Enter the adjusted net value in the designated space, computed by adding or subtracting any adjustments made from line 4.
11. For any personal property still in use but depreciated below 80% of its original cost, input 20% of the original cost in the appropriate field.
12. If applicable for fully depreciated property, enter the original cost of such property in the designated line.
13. Complete the total net value calculation by adding lines 5, 6, and 7 from Schedule A, ensuring that the total accurately reflects your property values by January 1, 2015.
14. In Schedule B, follow the provided instructions to determine the applicable percent and calculate the taxable value.
15. Finally, sign and date the form in the signature and verification section. Review all your entries for accuracy before submitting.
16. After filling out the form, save your changes, download a copy for your records, and ensure you submit the form to the municipal assessor by the required deadline.

Complete your Form Pt 10 online today to ensure compliance and avoid any potential penalties.