Form BOE-571-S Business Property Statement - Sample - California

What Is Form BOE-571-S?

This is a legal form that was released by the California State Board of Equalization - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is BOE-571-S?
A: BOE-571-S is a Business Property Statement form used in California.

Q: What is a Business Property Statement?
A: A Business Property Statement is a legal document that California businesses are required to file annually to report their taxable business personal property.

Q: Who needs to file BOE-571-S?
A: All businesses in California that own taxable business personal property with a total cost of $100,000 or more are required to file BOE-571-S.

Q: What is considered taxable business personal property?
A: Taxable business personal property includes furniture, machinery, equipment, supplies, leased equipment, fixtures, and other property used by a business.

Q: What is the purpose of filing BOE-571-S?
A: The purpose of filing BOE-571-S is to report the value of taxable business personal property, which is used to calculate property taxes owed by the business.

Q: When is the deadline to file BOE-571-S?
A: The deadline to file BOE-571-S is April 1st of each year.

Q: What happens if I don't file BOE-571-S?
A: Failure to file BOE-571-S may result in penalties and fines imposed by the county assessor's office.

Q: Is there a fee to file BOE-571-S?
A: No, there is no fee to file BOE-571-S.