There are several ways to solve your irs tax troubles, and your tax lawyer can help you decide which solution is best for you.
http://www.irstaxreliefsettlement.com
The purpose of this chapter is to provide an overview of who needs to register for VAT, the criteria’s to apply for determining when a business must register for VAT and the process to follow to become VAT registered.
This document provides instructions for completing Schedule E of Form 1040 to report supplemental income and loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs. Key details include:
- Schedule E is used to report income or loss from various sources including rental real estate, royalties, partnerships, and S corporations.
- Forms that may also need to be filed depending on the type of income include Form 4562 for depreciation, Form 4797 for sales of business property, and Form 8582 for passive activity losses.
- Special rules apply for husband-wife qualified joint ventures treating a jointly owned and operated rental real estate business as
This document discusses the hazards of unpaid payroll taxes. It begins with an overview of trust fund taxes, which are taxes employers withhold from employee paychecks for income tax and Social Security/Medicare. It notes that failure to remit these taxes can result in penalties against responsible individuals and potential criminal prosecution. It then covers topics like the trust fund recovery penalty assessed against those responsible, definitions of responsible persons and willfulness, appealing penalties, and resolving tax liabilities. It concludes with two case examples of potential trust fund penalty situations.
Types of business registration in the philippinesPnjg Consulting
In this presentation, we are describing about business registration in the Philippines. These should be very beneficial if you are thinking about business in the Philippines.
1. China will adopt the OECD's Automatic Exchange of Financial Account Information standard to enhance international tax cooperation and transparency.
2. Under this standard, Chinese financial institutions will identify accounts held by non-residents, collect and report account information to Chinese tax authorities, which will automatically exchange this information with tax authorities in other countries.
3. The consultation paper provides details on the due diligence procedures financial institutions must follow to identify reportable accounts, the timeline for implementation, and the types of financial account information that will be reported and exchanged.
This document provides a step-by-step guide for homeowners to lower their property taxes by appealing their tax assessments. It includes quick start information on filing an appeal, important dates, and an in-depth section explaining key parts of the Texas tax code related to the appeal process. The guide recommends homeowners order an independent appraisal, file an appeal by the May 31st deadline, bring supporting documents to the hearing, and if needed, file an additional appeal and request binding arbitration. It aims to simplify the process which typically takes 4-5 hours spread over the tax year.
OBJECTIVE
Canada is an open country when it comes to those who want to set up businesses irrespective of nationalities. Foreign investors who want to open Canadian companies as non-residents have several options. They can set up companies and manage them from abroad or by moving to Canada. In this webinar, we shall focus on foreign companies and corporations intending to do business in Canada.
There are several ways to solve your irs tax troubles, and your tax lawyer can help you decide which solution is best for you.
http://www.irstaxreliefsettlement.com
The purpose of this chapter is to provide an overview of who needs to register for VAT, the criteria’s to apply for determining when a business must register for VAT and the process to follow to become VAT registered.
This document provides instructions for completing Schedule E of Form 1040 to report supplemental income and loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs. Key details include:
- Schedule E is used to report income or loss from various sources including rental real estate, royalties, partnerships, and S corporations.
- Forms that may also need to be filed depending on the type of income include Form 4562 for depreciation, Form 4797 for sales of business property, and Form 8582 for passive activity losses.
- Special rules apply for husband-wife qualified joint ventures treating a jointly owned and operated rental real estate business as
This document discusses the hazards of unpaid payroll taxes. It begins with an overview of trust fund taxes, which are taxes employers withhold from employee paychecks for income tax and Social Security/Medicare. It notes that failure to remit these taxes can result in penalties against responsible individuals and potential criminal prosecution. It then covers topics like the trust fund recovery penalty assessed against those responsible, definitions of responsible persons and willfulness, appealing penalties, and resolving tax liabilities. It concludes with two case examples of potential trust fund penalty situations.
Types of business registration in the philippinesPnjg Consulting
In this presentation, we are describing about business registration in the Philippines. These should be very beneficial if you are thinking about business in the Philippines.
1. China will adopt the OECD's Automatic Exchange of Financial Account Information standard to enhance international tax cooperation and transparency.
2. Under this standard, Chinese financial institutions will identify accounts held by non-residents, collect and report account information to Chinese tax authorities, which will automatically exchange this information with tax authorities in other countries.
3. The consultation paper provides details on the due diligence procedures financial institutions must follow to identify reportable accounts, the timeline for implementation, and the types of financial account information that will be reported and exchanged.
This document provides a step-by-step guide for homeowners to lower their property taxes by appealing their tax assessments. It includes quick start information on filing an appeal, important dates, and an in-depth section explaining key parts of the Texas tax code related to the appeal process. The guide recommends homeowners order an independent appraisal, file an appeal by the May 31st deadline, bring supporting documents to the hearing, and if needed, file an additional appeal and request binding arbitration. It aims to simplify the process which typically takes 4-5 hours spread over the tax year.
OBJECTIVE
Canada is an open country when it comes to those who want to set up businesses irrespective of nationalities. Foreign investors who want to open Canadian companies as non-residents have several options. They can set up companies and manage them from abroad or by moving to Canada. In this webinar, we shall focus on foreign companies and corporations intending to do business in Canada.
Income payees sworn declaration of gross receipts salesJULIE ANN SORIANO
Individual payees whose gross receipts/sales in a taxable year shall not exceed ₱3M,
are required to submit a sworn declaration of his/her gross receipts/sales (Annex “B1”),
together with a copy of Certificate of Registration (COR), to all the income
payor/withholding agents not later than April 06, 2018 of each year or at least prior to the
initial payment of the professional fees/commissions/talent fees, etc in order for them
to be subject to five percent (5%). The ten percent (10%) withholding tax rate shall be
applied in the following cases: (1) the payee failed to provide the income
payor/withholding agent of such declaration; or (2) the income payment exceeds ₱3M,
despite receiving the sworn declaration from the income payee. In the case of
individual payees with only one payor, the sworn declaration to be accomplished shall
be Annex “B-2” and submitted, together with a copy of their COR,
OBJECTIVE
Sri Lanka is an upper middle-income country. The island of Sri Lanka is emerging as one of the most attractive investment locations in the South Asian Region. In this webinar we will be having insights about doing business in Sri Lanka where the focus will be only on foreign companies and corporations doing business in Sri Lanka.
Ppt for taxation non profit organisationVED MITTAL
The document discusses the key aspects of non-profit organizations (NPOs) under the Income Tax Act in India. It covers the different types of NPOs, prerequisites to qualify as an NPO, relevant sections of the Income Tax Act, and conditions to claim exemptions under Section 11. It also summarizes the benefits available under Section 11, requirements for registration under Section 12AA, activities covered under Section 2(15), and important terms like application of funds, corpus donations, anonymous donations, and tax treatment of business activities by NPOs.
This document summarizes the technical details of the Section 199A qualified business income deduction. It discusses key definitions such as qualified business income, qualified trade or business, specified service trade or business, rental real estate safe harbor, and aggregation of businesses. It also covers limitations based on W-2 wages and qualified property. Overall, the document provides an in-depth overview of the rules and requirements for claiming the Section 199A deduction.
2017 General Rendition Information - TCADcutmytaxes
The document provides information about filing a business personal property rendition with the Travis Central Appraisal District (TCAD) in Texas. It states that preprinted costs from previous renditions will be included in Schedule E. It provides addresses for mailing or delivering renditions and notes that TCAD cannot confirm receipt. It lists important dates for filing renditions and exemptions. It also notes that failing to file can result in penalties and explains how appraised values will be determined.
The document defines a company and outlines different types of companies under Indian law such as domestic, foreign, and industrial companies. It also discusses the meaning of business or profession and outlines expenses that are allowable deductions and amounts that are expressly disallowed when computing profits from business or profession. The document further explains concepts related to set off and carry forward of business losses under the Income Tax Act.
teiFall2013acquisitionagreementFinal Edits-v1Daniel C. White
This document summarizes a presentation given on tax aspects of acquisition agreements and related due diligence. It covers:
1) An overview of how taxes factor into acquisition structure, scope, agreements, and diligence processes.
2) Key tax-related contract provisions like purchase price, representations and warranties, covenants, indemnities, and closing conditions.
3) The role of tax diligence in identifying pre-existing liabilities, transactional exposures, and post-closing opportunities during an acquisition. Examples of diligence areas are provided.
This document discusses tax planning and management by Firstup Consultants. It provides information on:
- The differences between tax planning, which aims to minimize future tax liability, and tax management, which focuses on compliance.
- The distinctions between tax avoidance, which uses legal methods to reduce taxes, and tax evasion, which involves illegal activities to avoid paying taxes.
- Examples of tax planning for individuals, including investments in agriculture, HUFs, gifts, income of minor children and spouses.
- The importance of having thorough knowledge of tax laws and not relying only on avoidance or past court decisions when planning taxes.
OBJECTIVE
Honourable Finance Minister Nirmala Sitharaman, in the Speech of Budget 2020-21, proposed to introduce The Direct Tax Vivad se Vishwas Act, 2020 for
dispute resolution related to direct taxes. Similar scheme known as the 'Sabka Vishwas' was introduced in 2019 for dispute resolution under Legacy Indirect Taxes. The Direct Tax Vivad se Vishwas Bill, 2020 was introduced in the parliament on 5th February, 2020. In this webinar, we shall under the provisions of the Bill and the Rationale for its Introduction.
This document is the IRS Form 11-C for occupational tax and registration for wagering. It provides instructions for individuals and agents involved in accepting wagers to register with the IRS and pay the associated occupational tax. Key details include:
- Individuals accepting wagers for their own account ("principals") must complete certain sections including information about locations, agents, and other persons on whose behalf wagers are accepted.
- Agents accepting wagers on behalf of others must provide information about the persons they accept wagers for.
- The tax is either $50 or $500 depending on whether wagers accepted are authorized by state law, and is paid once annually for periods beginning July 1. Pror
For tax years 2018 through 2025, you may be able to deduct
up to 20% of qualified business income (QBI) from each of
your qualified trades or businesses, including those operated
through a sole proprietorship, or a pass-through entity,
such as a partnership, LLC, or S corporation.
The document is a checklist of supporting documents required for submitting an application for registration under the Delhi Value Added Tax Act, 2004. It lists mandatory documents such as proof of incorporation, identity of authorized signatory, and optional documents for reducing security amount such as proof of ownership of business/residential property. It also contains sections for office use to note reasons for potential rejection of the application.
This document provides guidelines for filing Form ITR-4, the Indian Income Tax Return for individuals and HUFs having income from a proprietary business or profession.
It discusses filling out parts and schedules in the correct sequence, modes of filing the return, and guidelines for providing personal information. It also summarizes the different categories for audit requirements based on gross receipts and turnover. Key sections covered include 44AA, 44AB, and relevant schedules for balance sheet, profit and loss, and tax provisions.
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall be learning the procedural aspects of refund under GST law.
Property Tax Appeals Real Property Petition and Instructions for Filingcutmytaxes
This document provides instructions for filing a petition to appeal the value of real property in Oregon. It summarizes the key terms used in property valuation, including real market value (RMV), maximum assessed value (MAV), assessed value (AV), and specially assessed value (SAV). It explains that property owners can appeal the current RMV, MAV, SAV, or AV to the board of property tax appeals. The instructions provide details on petitioner information, authorized representatives, evidence requirements, and deadlines for filing an appeal.
Tax Planning Concept and tax planning with specific managerial decisionsSundar B N
In this ppt most of the tax planning concepts are covered. Tax planning, Tax evasion, tax avoidance, tax planning with inter corporate dividend and Bonus share. Tax Planning with specific managerial decisions are covered.
Subscribe to Vision Academy for Video assistance
https://www.youtube.com/channel/UCjzpit_cXjdnzER_165mIiw
The purpose of this chapter is to outline the guidance surrounding the requirement to issue a tax invoice. A tax invoice is a written paper or electronic document which records the details of a taxable supply which has been made. The issue of a valid tax invoice is important for suppliers as it may be used to dictate the date of supply, and therefore determines the tax period in which the output tax should be accounted for.
The receipt of a valid tax invoice is important for recipients of supplies as it is the primary documentary evidence used to support the recovery of VAT incurred as input tax.
The document discusses various topics related to taxation in India including:
1. Types of taxes such as direct taxes (income tax, corporate tax, wealth tax, etc.) and indirect taxes (excise duty, sales tax, customs duty, etc.).
2. Key concepts in taxation like assessee, person, previous year, exempted incomes.
3. Important principles of taxation known as canons of taxation including equality, certainty, convenience, economy, simplicity, diversity and flexibility.
4. The definition of assessee and exceptions to the general rule that income is taxable in the year following its accrual (previous year rule).
Income payees sworn declaration of gross receipts salesJULIE ANN SORIANO
Individual payees whose gross receipts/sales in a taxable year shall not exceed ₱3M,
are required to submit a sworn declaration of his/her gross receipts/sales (Annex “B1”),
together with a copy of Certificate of Registration (COR), to all the income
payor/withholding agents not later than April 06, 2018 of each year or at least prior to the
initial payment of the professional fees/commissions/talent fees, etc in order for them
to be subject to five percent (5%). The ten percent (10%) withholding tax rate shall be
applied in the following cases: (1) the payee failed to provide the income
payor/withholding agent of such declaration; or (2) the income payment exceeds ₱3M,
despite receiving the sworn declaration from the income payee. In the case of
individual payees with only one payor, the sworn declaration to be accomplished shall
be Annex “B-2” and submitted, together with a copy of their COR,
OBJECTIVE
Sri Lanka is an upper middle-income country. The island of Sri Lanka is emerging as one of the most attractive investment locations in the South Asian Region. In this webinar we will be having insights about doing business in Sri Lanka where the focus will be only on foreign companies and corporations doing business in Sri Lanka.
Ppt for taxation non profit organisationVED MITTAL
The document discusses the key aspects of non-profit organizations (NPOs) under the Income Tax Act in India. It covers the different types of NPOs, prerequisites to qualify as an NPO, relevant sections of the Income Tax Act, and conditions to claim exemptions under Section 11. It also summarizes the benefits available under Section 11, requirements for registration under Section 12AA, activities covered under Section 2(15), and important terms like application of funds, corpus donations, anonymous donations, and tax treatment of business activities by NPOs.
This document summarizes the technical details of the Section 199A qualified business income deduction. It discusses key definitions such as qualified business income, qualified trade or business, specified service trade or business, rental real estate safe harbor, and aggregation of businesses. It also covers limitations based on W-2 wages and qualified property. Overall, the document provides an in-depth overview of the rules and requirements for claiming the Section 199A deduction.
2017 General Rendition Information - TCADcutmytaxes
The document provides information about filing a business personal property rendition with the Travis Central Appraisal District (TCAD) in Texas. It states that preprinted costs from previous renditions will be included in Schedule E. It provides addresses for mailing or delivering renditions and notes that TCAD cannot confirm receipt. It lists important dates for filing renditions and exemptions. It also notes that failing to file can result in penalties and explains how appraised values will be determined.
The document defines a company and outlines different types of companies under Indian law such as domestic, foreign, and industrial companies. It also discusses the meaning of business or profession and outlines expenses that are allowable deductions and amounts that are expressly disallowed when computing profits from business or profession. The document further explains concepts related to set off and carry forward of business losses under the Income Tax Act.
teiFall2013acquisitionagreementFinal Edits-v1Daniel C. White
This document summarizes a presentation given on tax aspects of acquisition agreements and related due diligence. It covers:
1) An overview of how taxes factor into acquisition structure, scope, agreements, and diligence processes.
2) Key tax-related contract provisions like purchase price, representations and warranties, covenants, indemnities, and closing conditions.
3) The role of tax diligence in identifying pre-existing liabilities, transactional exposures, and post-closing opportunities during an acquisition. Examples of diligence areas are provided.
This document discusses tax planning and management by Firstup Consultants. It provides information on:
- The differences between tax planning, which aims to minimize future tax liability, and tax management, which focuses on compliance.
- The distinctions between tax avoidance, which uses legal methods to reduce taxes, and tax evasion, which involves illegal activities to avoid paying taxes.
- Examples of tax planning for individuals, including investments in agriculture, HUFs, gifts, income of minor children and spouses.
- The importance of having thorough knowledge of tax laws and not relying only on avoidance or past court decisions when planning taxes.
OBJECTIVE
Honourable Finance Minister Nirmala Sitharaman, in the Speech of Budget 2020-21, proposed to introduce The Direct Tax Vivad se Vishwas Act, 2020 for
dispute resolution related to direct taxes. Similar scheme known as the 'Sabka Vishwas' was introduced in 2019 for dispute resolution under Legacy Indirect Taxes. The Direct Tax Vivad se Vishwas Bill, 2020 was introduced in the parliament on 5th February, 2020. In this webinar, we shall under the provisions of the Bill and the Rationale for its Introduction.
This document is the IRS Form 11-C for occupational tax and registration for wagering. It provides instructions for individuals and agents involved in accepting wagers to register with the IRS and pay the associated occupational tax. Key details include:
- Individuals accepting wagers for their own account ("principals") must complete certain sections including information about locations, agents, and other persons on whose behalf wagers are accepted.
- Agents accepting wagers on behalf of others must provide information about the persons they accept wagers for.
- The tax is either $50 or $500 depending on whether wagers accepted are authorized by state law, and is paid once annually for periods beginning July 1. Pror
For tax years 2018 through 2025, you may be able to deduct
up to 20% of qualified business income (QBI) from each of
your qualified trades or businesses, including those operated
through a sole proprietorship, or a pass-through entity,
such as a partnership, LLC, or S corporation.
The document is a checklist of supporting documents required for submitting an application for registration under the Delhi Value Added Tax Act, 2004. It lists mandatory documents such as proof of incorporation, identity of authorized signatory, and optional documents for reducing security amount such as proof of ownership of business/residential property. It also contains sections for office use to note reasons for potential rejection of the application.
This document provides guidelines for filing Form ITR-4, the Indian Income Tax Return for individuals and HUFs having income from a proprietary business or profession.
It discusses filling out parts and schedules in the correct sequence, modes of filing the return, and guidelines for providing personal information. It also summarizes the different categories for audit requirements based on gross receipts and turnover. Key sections covered include 44AA, 44AB, and relevant schedules for balance sheet, profit and loss, and tax provisions.
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall be learning the procedural aspects of refund under GST law.
Property Tax Appeals Real Property Petition and Instructions for Filingcutmytaxes
This document provides instructions for filing a petition to appeal the value of real property in Oregon. It summarizes the key terms used in property valuation, including real market value (RMV), maximum assessed value (MAV), assessed value (AV), and specially assessed value (SAV). It explains that property owners can appeal the current RMV, MAV, SAV, or AV to the board of property tax appeals. The instructions provide details on petitioner information, authorized representatives, evidence requirements, and deadlines for filing an appeal.
Tax Planning Concept and tax planning with specific managerial decisionsSundar B N
In this ppt most of the tax planning concepts are covered. Tax planning, Tax evasion, tax avoidance, tax planning with inter corporate dividend and Bonus share. Tax Planning with specific managerial decisions are covered.
Subscribe to Vision Academy for Video assistance
https://www.youtube.com/channel/UCjzpit_cXjdnzER_165mIiw
The purpose of this chapter is to outline the guidance surrounding the requirement to issue a tax invoice. A tax invoice is a written paper or electronic document which records the details of a taxable supply which has been made. The issue of a valid tax invoice is important for suppliers as it may be used to dictate the date of supply, and therefore determines the tax period in which the output tax should be accounted for.
The receipt of a valid tax invoice is important for recipients of supplies as it is the primary documentary evidence used to support the recovery of VAT incurred as input tax.
The document discusses various topics related to taxation in India including:
1. Types of taxes such as direct taxes (income tax, corporate tax, wealth tax, etc.) and indirect taxes (excise duty, sales tax, customs duty, etc.).
2. Key concepts in taxation like assessee, person, previous year, exempted incomes.
3. Important principles of taxation known as canons of taxation including equality, certainty, convenience, economy, simplicity, diversity and flexibility.
4. The definition of assessee and exceptions to the general rule that income is taxable in the year following its accrual (previous year rule).
This document summarizes information about SkyQuestCom, an online education company based in Singapore. It provides over 200 online video seminars from world-class speakers on topics like personal development, business, and family. It also offers over 600 computer training video tutorials on topics such as programming, design, and business applications. SkyQuestCom aims to improve quality of life globally by providing high-quality education through technology and entrepreneurship.
O documento repete as mesmas informações sobre Simone Helen Drumond e seu trabalho com criatividade artística no 5o ano várias vezes sem fornecer detalhes adicionais.
El documento presenta el programa de un torneo de balonmano que se llevará a cabo del sábado 9 al miércoles 12 de febrero. Incluye los partidos programados cada día con los equipos participantes y las categorías en las que compiten.
Инновационный бизнес-инкубатор: ИННОВАТЕЛЬ - первый в мире расширенный бизнес...Vadim Kotelnikov
Иннователь - это предприниматель, создающий ценность для потребителя и развивающий бизнес на основе инноваций. "Иннователь" (г. Ульяновск, Россия_ - первый в мире расширенный бизнес-инкубатор, вовлекающий в инновационный процесс детей начиная с 6 лет, а также первый в России частный бизнес-инкубатор. Авторы концепции и учредидели: Сергей Ерофеев, Вадим Котельников, Александр Слосман
This document discusses applying agile principles to non-software projects. It summarizes the experience of using agile practices like Kanban, continuous integration, and weekly sync meetings to collaborate on writing a book. Some key challenges addressed were communication problems, planning and tracking work, and defining when work was complete. Applying concepts from queue theory and using visualization tools helped improve workflow and productivity. The document concludes that agile practices can benefit non-software projects by improving communication, feedback, and ability to adapt processes as needed.
Thesis' paper from the Master in Information Design. Universidad de las Américas Puebla.
Omar Sosa Tzec.
(Thesis presented on Dec of 2006).
The information design, regarded as the act of creating usable messages, has a direct application on designing graphic user interfaces. In this regard, it is possible to consider schematic visualization as an option for users to unload cognitively through more stress on the visual characteristics of the interface. This represents a way to apply the Calm Technology paradigm proposed by Mark Weiser. By considering the level of iconicity conveyed into an interface of this nature, the understanding of how schematics works on the interface should be evaluated under a different approach rather than a traditional usability evaluation, for example by doing a communicability test (from the Semiotic Engineering theory). Thus, this paper describes the overall process to design and evaluation of an instant messaging client under these considerations and it also introduces a standpoint for interface design based on the three rhetorical appealing modes.
Businesses must report taxable property - Harris county Appraisal District cutmytaxes
Business owners in Harris County must report their taxable personal property, such as office equipment and inventory, to the Harris County Appraisal District by April 15. Personal property is tangible property owned by a business that does not include land or structures attached to land. Failure to file a rendition listing all taxable personal property owned on January 1 may result in penalties. The appraisal district is offering free workshops to help business owners complete required rendition forms before the deadline.
The document provides information about the protest process for the Dallas Central Appraisal District. It explains that taxpayers have the right to protest actions taken by the appraisal district, such as property valuations, exemptions, and other issues. Protests are heard by the Appraisal Review Board (ARB), which is an independent body that resolves disputes between taxpayers and the appraisal district. Taxpayers can file protests starting on May 1st and have until May 31st to do so either online, by mail, or in person. The document outlines what can be protested and the steps to take in filing a protest and going through the protest process.
Dallas Central Appraisal District The Protest Processpoconnor
The document provides information about protesting property values through the Dallas Central Appraisal District. It explains that homeowners can protest if they disagree with their property's appraised value or exemption status. Protests must be filed between May 1st and May 31st. Protests can be filed online or in writing and must identify the owner, property, and nature of the protest. The Appraisal Review Board, an independent body appointed by a judge, will then schedule a hearing to determine the validity of the protest.
STEP 1: The owner's name and mailing address are provided.
STEP 2: The authorized agent's name, address, and contact information are given.
STEP 3: The document requests information about the property, including the account number, business location, description of inventory items, and whether portions will be transported out of state.
STEP 4: The applicant must answer questions about transporting inventory out of Texas in the past and present years, and provide financial information about costs of goods sold and inventory.
STEP 5: The applicant signs to certify the accuracy of the information provided.
STEP 1: The owner's name and mailing address are provided.
STEP 2: The authorized agent's name, address, and contact information are included.
STEP 3: The document requests information about the property including the account number, business location, description of inventory items, and whether portions will be transported out of state.
STEP 4: Questions are asked about transporting inventory out of Texas in the past and current year, cost of goods sold and shipped out of state last year, percentage of inventory that was exported, and records used to determine these amounts.
STEP 5: The applicant must sign certifying the information is true and correct.
The document summarizes key information about property taxes in Texas, including that real property is subject to ad valorem taxes based on appraised market value as determined by appraisal districts. It outlines taxpayers' rights to protest appraisals and apply for exemptions by certain deadlines. Responsibilities include reporting business personal property and applying for exemptions on time.
This document provides information about property tax remedies available to taxpayers in Texas who disagree with the appraised value of their property as determined by the appraisal district. It summarizes the steps a taxpayer can take to protest their property's appraised value, including filing a Notice of Protest with the Appraisal Review Board (ARB) by the deadline. The document also provides guidance on informally resolving concerns with the appraisal district, preparing for the protest hearing before the ARB, what can be protested, and procedures followed by the ARB.
Don’t want to get “taken” on a low dealer trade-in, consider donating that older model car to your favorite charity. Want help getting a fair market value on your car, call us.
Montgomery county Appeals process overview cutmytaxes
The document outlines the property tax appeals process in Texas, including the right to protest appraisals, notices of appraised value, filing protests, informal reviews with appraisers, formal hearings with the Appraisal Review Board (ARB), and further appeal options. Key points include:
1) Property owners can protest appraisals, taxable status, exemptions and more. Protests must be filed within 30 days of the notice of appraised value or by May 31st.
2) Informal reviews with appraisers can result in value changes or scheduling a formal ARB hearing.
3) The independent ARB hears protests and can change values if evidence outweighs the district's. F
The document provides information about property tax appraisals and protests in Texas. It explains that taxpayers have the right to protest their property's appraised value if they are dissatisfied. It outlines the process for filing a protest, including the steps to take before and during an appraisal review board hearing. Finally, it discusses options for appeal if a taxpayer is still dissatisfied after the initial protest hearing.
Property taxes in Texas primarily fund local governments. County appraisal districts are required to appraise properties at their January 1st market value each year to calculate property taxes. Property owners can protest their appraised value if they believe it is incorrect. To protest, owners can schedule an informal conference with an appraiser or file an appeal to the Appraisal Review Board. Being well prepared with comparable property values and documentation is important for a successful protest.
This document provides instructions for applying for a Freeport exemption in Montgomery County, Texas. It summarizes the eligibility requirements, which include transporting qualifying inventory out of Texas within 175 days of acquisition. Applicants must submit documentation with their application between January 1 and April 30 each year to claim the exemption for that year. Required documentation includes financial statements and records showing the cost and destinations of inventory sales and transfers. Late or incomplete applications may result in penalties if the exemption is still granted.
This document provides information about informal inquiries and formal hearings for protesting property appraisals from the Williamson Central Appraisal District. It outlines the following key points:
1) Property owners can schedule an informal meeting with district staff to discuss concerns about their property value before filing a formal protest. This meeting may result in an adjusted value without needing a formal hearing.
2) If still in disagreement after the informal inquiry, an owner can file a protest to receive a formal hearing with the Appraisal Review Board. Protests must be filed by the deadline listed on the appraisal notice.
3) The Appraisal Review Board is an independent board that compares owner and district evidence to determine whether changes should be made to
This document provides information for a loan application to Meadows Bank, including requirements for applying for an SBA loan. It lists the types of documents and information needed to evaluate a loan request, such as tax returns, financial statements, business licenses, and personal information for owners. It also includes a loan request summary form to provide details on the proposed use of funds. The document outlines Meadows Bank's process for verifying applicant identity and obtaining documentation to comply with relevant laws.
Do you know every Texans can lower their property taxes! But how? They should protest annually to minimize their property taxes with a Licensed Tax Consultant in the State of Texas. Know more @ www.poconnor.com
Collincad Business Property Personal Rendition formcutmytaxes
This document is a business personal property rendition form from the Collin County Appraisal District (CCAD) Office. It requests information from business owners such as business name and address, ownership type, property descriptions and values. The form provides sections to list inventory, supplies, vehicles, furniture/fixtures/equipment by year acquired and estimated value. It also has a section to list property owned by others but in the business' possession. The deadline for submission is April 15, 2017.
The document provides information about taxes in Fairfax County, Virginia for the 2014-2015 fiscal year, including:
1) Key tax deadlines such as May 1 for reporting personal property taxes and July 28 for the first real estate tax installment.
2) Ways to pay taxes including online, by phone, or in-person at various banks and stores.
3) An overview of the major taxes including personal property, real estate, business, and other taxes.
4) Details on tax relief for seniors, disabled veterans, and active duty military members.
This document provides a checklist of steps for starting a nonprofit organization, along with additional information about each step. It outlines the process from selecting board members and developing mission/program statements to incorporating the organization, applying for tax exemption, setting up financial and HR systems, and other operational aspects. The ABC's of Financing is a consulting firm that can assist with incorporating, bylaws, tax exemption applications, and maintaining nonprofit status for clients.
The document discusses how to dispute errors on your credit report. It provides the following key points:
1) You have the right to receive one free copy of your credit report each year from each of the three major credit reporting agencies (Experian, Equifax, and TransUnion) to check for any inaccuracies.
2) If you find errors, you should submit dispute letters to the credit reporting agency and the provider of the inaccurate information, including documentation of the correct information.
3) The credit reporting agency and information provider must investigate disputes and correct or delete inaccurate information, notifying others who received the report of corrections.
Similar to Guide to personal property rendition (20)
Protest the value of your commercial property annually. Yes, protest each and each year. Even if the value didn't change, protest the value. The assessor’s values are based on the cost approach, the least reliable method of appraisal. You can protest both excessive value and unequal value annually. Reach us @ https://www.cutmytaxes.com/
This document discusses a proposed new property tax rate strategy for the North East Independent School District. It summarizes that property values have continued to rise and the district has managed debt responsibly, allowing it to reduce the debt service tax rate by 4 cents while increasing the maintenance and operations rate by 2 cents, lowering the overall property tax rate by 2 cents. This benefits students by maintaining programs, benefits teachers and staff through competitive salaries and benefits, and benefits taxpayers with a 2 cent lower net property tax rate, while also increasing the district's overall revenue.
This document provides information about 2017 property tax bills for the Town of Georgina, including details about payment due dates, calculation of tax amounts, distribution of taxes to different levels of government, and contact information. Key points include:
- The 2017 final tax bill is payable in two installments on July 27 and September 27, 2017.
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The Harris County Appraisal District (HCAD) released a new Android app that provides similar features to their existing iPhone app, allowing property owners to file homestead and over-65 exemptions, look up phone numbers and directions, and more. The app enables property owners to conveniently access HCAD services from their mobile devices. HCAD hopes the new app will make it easier for property owners to work with the appraisal district. The free app is available through the Google Play Store.
The document provides an overview and summary of Michigan's state tax revenue for FY 2017-2018, including explanations of key terms, descriptions of major state taxes, recently enacted tax changes, and revenue projections. It discusses the individual income tax, sales tax, use tax, tobacco taxes, business taxes, and state property taxes. Recently enacted changes include exempting more commercial and industrial personal property from taxes and establishing the Local Community Stabilization Authority to levy use taxes to reimburse local governments for lost property tax revenue.
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The document is a newsletter from the Tarrant County Tax Assessor-Collector's office. It provides information on upcoming dates, office moves, and an article summarizing how property taxes are calculated in Texas. Property values are determined by the Tarrant Appraisal District in the spring, while tax rates, which ultimately determine taxes owed, are set by local taxing entities in the fall. It encourages taxpayers to engage with elected officials if they have concerns about taxes or government spending.
The document discusses commercial real estate lending trends in 2017. It provides an economic overview of 2016, noting that while global economies moderated, the US GDP maintained moderate growth. Consumer spending was the main driver of growth, while business investment declined. Employment gains were strongest in education, professional services, and leisure/hospitality. Lending conditions tightened for commercial real estate due to increased regulatory oversight.
International tax services are increasingly important for private capital as global investment has risen. Cross-border investments can create complex tax compliance issues without centralized expertise. EY provides international tax planning and compliance services to help high-net-worth individuals and family offices navigate these issues. Services include tax planning for cross-border investments, managing tax reporting requirements across countries, and assisting with global tax compliance.
The Harris County Appraisal District mailed property value notices to most residential property owners and will follow with notices for commercial and industrial properties. While some property values increased, the chief appraiser noted many properties did not increase in value this year. Residential property values generally increased, with median home sale prices up 6.5% from last year. Commercial property values varied by sector, with office buildings adjusting due to economic changes and apartment rents remaining flat due to high inventory. Industrial property values depended on specific refining configurations and chemical industry demand.
This document summarizes several proposed bills in the Texas Legislature related to property taxes. It discusses bills that would create exemptions for things like new businesses, homesteads of disabled veterans, mineral interests under $2,000, and property leased to charter schools. It also covers bills that would impose caps of 5% on annual increases in appraised homestead and commercial property values. Finally, it mentions bills related to appraising properties damaged by disasters, valuing mineral interests, and recognizing uncommon agricultural uses.
The document summarizes an upcoming tax foreclosure sale to be held on June 6, 2017 at 10:00 AM at the Tarrant County Courthouse. It provides details on the sale process, risks to bidders, and a list of properties for sale including their legal descriptions, estimated minimum bids, and account information. Winning bidders for the public resale properties must deliver a cashier's check within 30-45 minutes of the conclusion of bidding.
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The document summarizes commercial real estate market trends for the first quarter of 2017 according to a survey by the National Association of REALTORS. Key points include:
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This document provides aggregate tax rates for various taxing entities in Texas for tax year 2017. It lists the unit factor, aggregate tax rate, and 2016 tax rates for county, city, special district, and school district for each location. The taxing entities include cities, school districts, counties, and special districts across North Texas.
1) The document provides information about Oregon's Property Tax Deferral program for disabled and senior citizens, which allows qualifying homeowners to borrow from the state to pay their property taxes.
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3) To qualify, applicants must be 62 years or older or receiving disability benefits, own and have lived in their home for 5 years, and have a household income under $43,500 and net worth under $500,000.
This document lists 6 community center locations and their addresses, along with dates and times, for property tax workshops scheduled between May 9, 2017 and May 23, 2017. Workshops will take place at the Cavalcade Community Center, Bear Creek Community Center, Bay Area Community Center, John Phelps Courthouse, Tom Bass Community Center, and Ripley House Neighborhood Center.
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If you're Planning to Build a House in Haldwani, Understanding the House Construction Cost in Haldwani is crucial. It's important to grasp the direct and indirect cost factors entailed in the Construction process before Initiating any work. This Understanding is pivotal for Efficient Budget allocation, allowing you to plan your finances more Effectively. Construction expenses can vary Significantly, Influenced by Diverse Elements such as site Location, raw material prices, Labour charges, and various other variables. Here at Geomatrix, we pride Ourselves on offering competitive rates for house construction in Haldwani, ensuring affordability without Compromising on quality and providing the best options within your budget. For a precise evaluation of the cost involved in constructing your dream home, consult our team of architects and construction experts.
For more information visit:
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Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
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Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
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https://listingturkey.com/property/yeni-eyup-evleri-2/
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Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
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https://listingturkey.com/property/avrupa-konutlari-esentepe/
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Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
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KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
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KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
At Geomatrix, we Pride Ourselves on our Commitment to Superior Craftsmanship and client satisfaction. Our team Consists of Highly Qualified specialists including Architects, Engineers, project Managers, and skilled labourers who work seamlessly together to achieve ourclients' Objectives. Geomatrix is recognized as the Best Construction Company in Haldwani, Dedicated to bringing visions to life with unparalleled Expertise and Professionalism.
For more information visit:
https://geomatrix.co.in/
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Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
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1. Page 1 of 4
Harris County Appraisal District
Guide to Personal Property Rendition
If you own a business, you are required by law to report personal property that is used in that business to your county appraisal
district. There are substantial penalties for failure to report or for falsification and tax evasion. The Harris County Appraisal District
has prepared this document to assist you in complying with this very important law.
What is a rendition?
A rendition is a form that provides information about
property that you own. The appraisal district uses the
information you provide to appraise your property for
taxation.
Who has to render?
There are three categories of taxpayers who must render:
• Owners of tangible personal property that is used for
the production of income (see below)
• Owners of property on which an exemption has been
cancelled or denied
• Owners who have been formally notified by the chief
appraiser that they must render.
What kinds of property must be rendered?
For taxation purposes, your property is classified as
either real property (land, buildings, and other items
attached to land) or personal property (items that can be
owned but are not attached to land). Personal property
that you use to produce income – or for business
purposes – must be rendered unless the total value of
all of the personal property is less than $500. This
includes furniture and fixtures, equipment, machinery,
computers, inventory held for sale or rental, raw
materials, finished goods, and work in process. You are
not required to render intangible personal property –
items that can be owned but do not have a physical form
– such as cash, accounts receivable, goodwill, custom
computer software, and other similar items. If your
organization qualifies for an exemption that applies to
personal property – for example, a religious or charitable
organization exemption, you are not required to render
the exempt property.
You may qualify for an exemption from ad valorem
taxation for one passenger car or light truck that is
owned by an individual and used by that individual for
both professional and personal activities. Vehicles that
are individually owned and used for the transportation of
passengers for hire are NOT eligible for this exemption.
To request this exemption, your application must be
filed with the appraisal district on, or before, April 30. If
you mail the form, it must be postmarked no later than
midnight April 30. The individual who has been granted
or has applied for this exemption is not required to
render the vehicle for the year in which the exemption
has been applied for or granted. The application form is
available at www.hcad.org/Forms/
Which forms will I need to file?
For Harris County Appraisal District, most businesses
will need to file the general rendition form, 22.15. If you
own business vehicles, you will also need form 22.15-
VEH. There are additional special forms if your business
owns aircraft, pipe stock, or vessels. In addition, we
have specific forms for cable company and industrial
plant assets. Call our Information Center at (713) 957-
7800 if you have questions about these special forms.
When must the rendition be filed?
Normally, the last day to timely file your rendition is
April 15. If you mail the rendition or send it by a
contract carrier such as UPS or FedEx, it must be
postmarked or bear a receipt mark on or before April 15.
If you hand deliver it, HCAD must physically receive in
our office before the close of business on April 15.
When your property needs to be rendered because the
chief appraiser has denied or cancelled an exemption,
you must render it within 30 days of the date the chief
appraiser denies or cancels the exemption.
Where must the rendition be filed?
Renditions for property located in Harris County
Appraisal District must be filed with HCAD. The
mailing address for the general rendition forms is Harris
County Appraisal District, Business and Industrial
Property Division, P.O. Box 922007, Houston, Tx.
77292-2007. The street address of HCAD’s offices is
13013 Northwest Fwy., Houston, Tx. 77040.
If my business personal property assets are exactly
the same as reported in my prior year rendition, do I
still need to render?
Yes. If your personal property assets on January 1, were
exactly the same as those assets contained in your most
recent rendition statement you have filed with the
appraisal district, then all you need to do is check the
affirmation box in Part 3 on page 1 on your rendition
form. After checking the affirmation box in Part 3,
complete the Signature and Affirmation box at the
bottom of the page.
2. Page 2 of 4
Can I file on-line or electronically?
It is possible to file some types of renditions
electronically using HCAD’s “iFile System.” Online
rendition filing is available only if a unique iFile number
is printed on your rendition form under the account
number. You can render online at www.hcad.org/ifile.
Complete instructions are available on the iFile system.
If no iFile number is printed on your rendition form,
you will need to complete and file the form manually.
The ability to file your rendition online does not change
the April 15th deadline for filing renditions.
If you have a large, multi-jurisdictional account and need
information on the file layout description for filing your
rendition electronically, you may email
leasing@hcad.org.
What will the appraisal district do with my
rendition?
Your rendition will be analyzed and used, along with
other information we collect on similar businesses, to
develop an estimate of value for your property.
Is my information confidential?
Yes. Information contained in a rendition cannot be
disclosed to third parties except in very limited
circumstances. In addition, the Tax Code specifically
provides that any estimate of value you provide is not
admissible in proceedings other than a protest to the
ARB or court proceedings related to penalties for failure
to render. The final value we place on your property is
public information, but your rendition is not.
What do I have to file if my personal property is
valued at less than $20,000?
Unless your total business personal property assets are
valued at less than $500, you will have to file at least the
general rendition form. However, you will only be
required to fill out a short table generally describing
your assets and giving their location.
What information is required for the rendition?
Depending on the type of property you own and its
value, you can expect to provide the following
information:
Location
You will need to give the address where the property was
located on January 1. If the property was in transit on
January 1, or is regularly used in more than one location,
you should provide additional information about the
property’s normal location and circumstances on January
1.
General description
A general description should give enough information to
identify the property and distinguish it from other items
that you own. At minimum, you should identify the
major categories of personal property assets that you
own, using the same terminology you would use in
reporting to the internal revenue service. You have the
option of providing an itemized listing of the various
assets in any category. For vehicles, you will need to
provide the plate and VIN number, as well as the year,
make, and model.
Quantity of items
If you own an inventory of items that you hold for sale
or rental, you will need to provide an estimate of the
quantity of each type of item that you hold in inventory.
Again, you can provide an itemized list if you prefer for
any category.
Good faith estimate of market value
The appraisal district will estimate the market value of
your items on the basis of your rendition and other
information in its possession. Under the rendition law,
you must include in your rendition either a good faith
estimate of the market value of your items or the
historical cost and acquisition date (discussed below) of
the items, if the value of your items are $20,000 or more.
If you choose to give a market value estimate, you
should be aware that there are several different
definitions of market value that may apply. For items
other than inventory, market value is defined as follows:
"Market value" means the price at which a property
would transfer for cash or its equivalent under
prevailing market conditions if:
(A) exposed for sale in the open market with a
reasonable time for the seller to find a
purchaser;
(B) both the seller and the purchaser know of all
the uses and purposes to which the property is
adapted and for which it is capable of being
used and of the enforceable restrictions on its
use; and
(C) both the seller and purchaser seek to maximize
their gains and neither is in a position to take
advantage of the exigencies of the other.
(Sec. 1.04, Texas Tax Code)
For inventory, market value is defined by the Tax Code as
“the price for which it would sell as a unit to a purchaser
who would continue the business.” Sec. 23.12, Texas Tax
Code. If your business has 50 or fewer employees, you
may base your estimate of value on federal income tax
depreciation schedules. You will need to be prepared to
defend your estimate and explain how it was developed.
Original cost
Instead of providing a good faith estimate of market
value, you may provide the original cost and date you
3. Page 3 of 4
acquired the property. Original cost (the Tax Code uses
the term “historical cost when new”) refers to the
amount you paid to acquire the property. Your cost
would include transportation and any other necessary
expenses incurred in acquiring the property. If you
purchased a used item, you should note on the form that
you purchased it used and give the amount you paid.
Date of acquisition
Date of acquisition is simply the date you bought or
acquired ownership of the property.
How should I estimate market value?
Publications that provide value information on assets are
helpful tools in estimating market value. For example,
there are numerous publications on vehicles and
computer equipment that provides a range of value
information for these assets. If you choose to use
published value information, you must use a value that
would reflect the assets worth near January 1st. You can
use HCAD’s published Business Personal Property
Value Calculation Guidelines, which is posted on our
web site at www.hcad.org. Developing an estimated
useful life and replacement cost of an asset is another
method of estimating market value. Divide the actual age
of the asset by the estimated useful life in order to
calculate the depreciation for the asset. Multiply the
depreciation percentage by the replacement cost to
estimate an amount of depreciation. Subtract the amount
of depreciation from the replacement cost to arrive at an
estimate of market value. If your business has 50
employees or less, subsection 22.07(c) allows you to
base your good faith estimate of market value on
depreciation schedules used for federal income tax
purposes.
How should I determine original cost?
To determine original cost, you need to refer to your
accounting records, such as original journal entries and
account ledgers. Use original purchase documents, such
as invoices or purchase orders to determine the original
cost of the asset. You need to add all cost that is
attributed to getting the asset functioning, such as freight
and set-up cost.
Should I include fully depreciated or expensed assets
on my rendition?
Yes. The rendition should include assets that have been
fully depreciated on your books and assets which were
expensed rather than capitalized for income tax
purposes, so that all tangible personal property used for
the production of income is reported.
What are the penalties for failure to comply?
There are two levels of penalties for failure to comply. If
you fail to file your rendition or explanatory statement
before the deadline or you do not file it at all, the penalty
is equal to 10% of the amount of taxes ultimately
imposed on the property. If a court determines that you
have committed fraud or done other acts with the intent
of evading taxes on the property, a penalty equal to 50%
of the taxes ultimately imposed on the property will be
levied. The penalty will be a separate line item on your
tax bill. Fraud could also result in criminal prosecution.
If I can’t file on time, what should I do?
If you need more time to complete your rendition, you
have the right to an automatic extension to May 15, and
a further 15-day extension if you show good cause. The
iFile system is available to request extensions for all
types of personal property accounts, and the unique iFile
number is printed on the extension request form in your
rendition packet. If you prefer, you can complete and
mail the extension form. The May 15 extension form
must be mailed or delivered no later than April 15. If
you need the additional extension for good cause, that
form must be mailed or delivered no later than May 15.
How do I find out whether the appraisal district
received my rendition on time?
Call our Information Center at (713) 957-7800. If the
center is provided with your account number or the
name of your business, they can enter it into our system
and inform you of the date your rendition was received.
What are my rights if a penalty is assessed against
me?
If a penalty is assessed against you, you can file a
request for a waiver of the penalty. You must file the
request in writing with the chief appraiser within 30 days
after you receive the notice that the penalty has been
imposed. Your request must include documentation
showing either that you substantially complied with the
rendition law or that you made a good faith effort to do
so. The documentation should also address:
(1) your compliance history with respect to paying taxes
and filing statements or reports;
(2) the type, nature, and taxability of the specific
property involved;
(3) the type, nature, size, and sophistication of the
person’s business or other entity for which property is
rendered;
(4) the completeness of your records;
(5) your reliance on advice provided by the appraisal
district that may have contributed to your failure to
comply and the imposition of the penalty;
(6) any change in appraisal district policy during the
current or preceding tax year that may affect how
property is rendered; and
(7) any other factors that may have caused you to fail to
timely file a statement or report.
4. Page 4 of 4
The chief appraiser is required by law to consider these
factors and notify you in writing. If the chief appraiser
declines to waive a penalty and you have made a timely
request for waiver, you may protest the imposition of the
penalty to the appraisal review board. The board may
waive the penalty if it finds that you substantially
complied with the rendition law or made a good faith
effort to do so.
When can the chief appraiser request an explanatory
statement from me?
If you provide a good faith estimate of market value
instead of original cost and acquisition date for any
items, the chief appraiser may request an explanatory
statement from you. The chief appraiser must make the
request in writing, and you must provide the statement
within 21 days of the date you receive the chief
appraiser’s request.
What must I include in an explanatory statement?
The explanatory statement must set out a detailed
explanation of the basis for the estimate(s) of market
value given in your rendition. The statement must
include adequate information to identify the property. It
must describe the physical and economic characteristics
of the property that are relevant to its market value. It
must give the source(s) of information used in valuing
the property, and explain the basis for the value estimate.
What happens if I don’t file my statement on time?
If you don’t file your statement on time, a penalty equal
to 10% of the amount of taxes on the property will be
imposed. There is also a 50% penalty if a court finds you
engaged in fraud or other actions with intent to evade
taxes. You have the same waiver and appeal rights
discussed above.
What if the appraisal district values my property at a
higher amount than what I render?
You may file a protest with the appraisal review board.
Can I report all my properties on one rendition?
If the appraisal district has already set up accounts
covering your property, you should file a rendition
corresponding to each account. If the district does not
have accounts set up for your property, it is generally
best to file a rendition applicable to each location where
your property is kept. For example, if you own three
separate convenience stores, file three renditions, one for
each store.
Can I request an extension to file the rendition?
Yes. See what to do if you can’t file on time, above.
Can I fax my rendition?
No. In order to be considered timely filed, your rendition
must either be physically delivered to the district prior to
the deadline or mailed to the district and postmarked on
or before the deadline.
Can I E-mail my rendition?
See the discussion of electronic filing above.
If I can't file by the extension deadline, what should I
do?
You should file your rendition as soon as you can, and
include with it a request for waiver of penalty and
explanation of your reasons for missing the deadline as
described above. If you receive a notice from the chief
appraiser regarding the imposition of a penalty, be sure
to file the request for waiver within 30 days of the date
you receive it.
For more information, contact the Harris County
Appraisal District at (713) 957-7800. The district’s
website is www.hcad.org.