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Form ADV-40S Business Personal Property Return - Short Form - Alabama
What Is Form ADV-40S?
This is a legal form that was released by the Alabama Department of Revenue - a government authority operating within Alabama. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form ADV-40S?
A: Form ADV-40S is the Business Personal Property Return - Short Form used in Alabama.
Q: Who needs to file Form ADV-40S?
A: Any business or individual owning taxable personal property with a total cost of $10,000 or less in Alabama must file Form ADV-40S.
Q: What is considered taxable personal property?
A: Taxable personal property includes furniture, fixtures, machinery, equipment, supplies, and inventory owned by a business or individual.
Q: What is the deadline for filing Form ADV-40S?
A: Form ADV-40S must be filed by December 31st of each year.
Q: Are there any penalties for not filing Form ADV-40S?
A: Yes, failure to file Form ADV-40S may result in penalties and interest.
Q: Is there any exemption for filing Form ADV-40S?
A: There is an exemption for businesses that qualify for the Small Business Exemption, which exempts them from filing Form ADV-40S if their total cost of taxable personal property is $10,000 or less.
Q: Is there a fee for filing Form ADV-40S?
A: No, there is no fee for filing Form ADV-40S.
Q: Do I need to file Form ADV-40S every year?
A: Yes, Form ADV-40S must be filed annually as long as you own taxable personal property in Alabama.
Form Details:
- Released on July 1, 2015;
- The latest edition provided by the Alabama Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form ADV-40S by clicking the link below or browse more documents and templates provided by the Alabama Department of Revenue.
