State Form 52498 (103-P5 / ERA) Business Tangible Personal Property Depreciable Assets in Pool 5 - Indiana

What Is State Form 52498 (103-P5/ERA)?

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 State Form 52498?
A: State Form 52498 is a form used for reporting Business Tangible Personal Property Depreciable Assets in Pool 5 in the state of Indiana.

Q: What does Pool 5 refer to?
A: Pool 5 refers to a specific category of depreciable assets for business tangible personal property in Indiana.

Q: Who needs to fill out State Form 52498?
A: Business owners in Indiana who have depreciable assets in Pool 5 need to fill out State Form 52498.

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

Q: What is the purpose of reporting depreciable assets?
A: Reporting depreciable assets allows the state of Indiana to determine the value of a business's taxable property.

Q: Are there any deadlines for filing State Form 52498?
A: Yes, the deadline for filing State Form 52498 varies each year but is typically in May.

Q: Are there any penalties for not filing State Form 52498?
A: Yes, there may be penalties for not filing State Form 52498, including late filing fees and potential audits by the Indiana Department of Revenue.