Available in All Massachusetts Counties
Taxscribe transforms tax management for business owners and CPAs in Massachusetts, 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 Massachusetts’s tax compliance requirements.
Available Forms:
- - Form of List (State Tax Form 2)
What is Business Personal Property?
Business personal property is tangible, movable property that is used to conduct business including furniture, equipment, farm animals, electronic devices, pipes and wires.
Business personal property is tangible, movable property that is used to conduct business including furniture, equipment, farm animals, electronic devices, pipes and wires.
Who should file a Personal Property Return?
Any individual, partnership, association, trust, or corporation that owns tangible personal property on January 1st located in a municipality must file an annual business personal property return.
Any individual, partnership, association, trust, or corporation that owns tangible personal property on January 1st located in a municipality must file an annual business personal property return.
When you should file:
Personal property returns are due March 1st each year.
Personal property returns are due March 1st each year.
Exemptions:
Several exemptions from personal property tax may apply, depending on several factors, including the legal form of the owner, the type of property, and in some cases the use of the property. Most of the exemptions are set forth in several clauses of GL c. 59, §5.
Several exemptions from personal property tax may apply, depending on several factors, including the legal form of the owner, the type of property, and in some cases the use of the property. Most of the exemptions are set forth in several clauses of GL c. 59, §5.
Extensions:
Contact the local Board of Assessors to request an extension to the filing deadlines. A written request and valid reason are required before granting an extension.
Contact the local Board of Assessors to request an extension to the filing deadlines. A written request and valid reason are required before granting an extension.
Important Notes:
- If you miss the March 1 deadline and do not have an approved extension, your business may face penalties. These can include fines or other late fees imposed by the jurisdiction.
- If you miss the March 1 deadline and do not have an approved extension, your business may face penalties. These can include fines or other late fees imposed by the jurisdiction.
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