Form 104-SR (State Form 53855) Single Return Business Tangible Personal Property - Indiana

What Is Form 104-SR (State Form 53855)?

This is a legal form that was released by the Indiana Department of Local Government Finance - a government authority operating within Indiana. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 104-SR?
A: Form 104-SR is a state form used in Indiana for reporting business tangible personal property.

Q: Who needs to file Form 104-SR?
A: Business owners in Indiana who have tangible personal property that is used in their business need to file Form 104-SR.

Q: What is considered tangible personal property?
A: Tangible personal property refers to physical assets such as machinery, equipment, furniture, and vehicles.

Q: What is the purpose of filing Form 104-SR?
A: The purpose of filing Form 104-SR is to report the value of the business's tangible personal property and determine the appropriate taxes.

Q: When is the deadline for filing Form 104-SR?
A: The deadline for filing Form 104-SR in Indiana is May 15th of each year.

Q: Are there any exemptions or deductions available for tangible personal property?
A: Yes, there are certain exemptions and deductions available for tangible personal property. It is advisable to consult with a tax professional for more information.

Q: What are the consequences of not filing Form 104-SR?
A: Failure to file Form 104-SR or filing it late can result in penalties and interest charges.

Q: Is Form 104-SR only applicable to single return businesses?
A: Yes, Form 104-SR is specifically designed for single return businesses in Indiana.