Available in All Colorado Counties
Taxscribe transforms tax management for business owners and CPAs in Colorado, streamlining the shift from paper forms to efficient online filing. Offering advanced user management, easy data import, intuitive form completion, smooth submission processes, and comprehensive analytics, Taxscribe makes tax filing easier. It ensures businesses of every scale effortlessly navigate Colorado’s tax compliance requirements.
Available Forms:
- - Personal Property Declaration Schedule - DS 056
What is Business Personal Property?
In Colorado, Business Personal Property includes machinery, equipment, and other goods used to operate a business that are not part of a building or structure and its fixtures.
In Colorado, Business Personal Property includes machinery, equipment, and other goods used to operate a business that are not part of a building or structure and its fixtures.
Who should file a Personal Property Tax Listing Form?
Each year, taxpayers who own taxable personal property must report all personal property owned by, in the possession of, or under the control of the taxpayer on January 1.
Each year, taxpayers who own taxable personal property must report all personal property owned by, in the possession of, or under the control of the taxpayer on January 1.
When you should file:
The Person Property Declaration Schedule form must be received by the county assessor by the April 15 deadline each year.
The Person Property Declaration Schedule form must be received by the county assessor by the April 15 deadline each year.
Exemptions:
Business are not required to file this declaration if the total actual value of their personal property per county is $56,000 or less.
Business are not required to file this declaration if the total actual value of their personal property per county is $56,000 or less.
Extensions:
You may extend the deadline if, by April 15, the assessor receives your written request AND $20 for a 10-day extension, or $40 for a 20-day extension.
You may extend the deadline if, by April 15, the assessor receives your written request AND $20 for a 10-day extension, or $40 for a 20-day extension.
Important Notes:
- The late filing penalty is $50 or 15% of the taxes due, whichever is less.
- If you fail to file a schedule, the assessor shall determine a valuation based upon the best information available and shall add a penalty of up to 25% of assessed value for any omitted property discovered and valued later.
- Any questions should be directed to your local county assessor.
- The late filing penalty is $50 or 15% of the taxes due, whichever is less.
- If you fail to file a schedule, the assessor shall determine a valuation based upon the best information available and shall add a penalty of up to 25% of assessed value for any omitted property discovered and valued later.
- Any questions should be directed to your local county assessor.
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