Available in All Oklahoma Counties
Taxscribe transforms tax management for business owners and CPAs in Oklahoma, 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 Oklahoma’s tax compliance requirements.
Available Forms:
- - Form 901 Business Personal Property Rendition
What is Business Personal Property?
Business Personal Property consists of tangible assets including furniture, fixtures, machinery, equipment, computers and inventory used for business purposes.
Business Personal Property consists of tangible assets including furniture, fixtures, machinery, equipment, computers and inventory used for business purposes.
Who should file a Personal Property Return?
All businesses, corporations, partnerships, and professionals are required to file a statement of assets as of January 1st each year. All concerned must file even if an exempt status is claimed.
All businesses, corporations, partnerships, and professionals are required to file a statement of assets as of January 1st each year. All concerned must file even if an exempt status is claimed.
When you should file:
By Oklahoma statute, the business form must be filed between January 1st and March 15th.
By Oklahoma statute, the business form must be filed between January 1st and March 15th.
Exemption:
The Freeport Exemption allows businesses to exclude the value of qualified inventory from their personal property tax assessments. Businesses must submit the form annually to declare and certify the portion of their inventory that qualifies for the exemption.
The Freeport Exemption allows businesses to exclude the value of qualified inventory from their personal property tax assessments. Businesses must submit the form annually to declare and certify the portion of their inventory that qualifies for the exemption.
Important Notes:
If not filed by the deadline of March 15th, the return is delinquent and a penalty of 10% of the assessed valuation is added. After April 15th a penalty of 20% of assessed valuation is added.
If not filed by the deadline of March 15th, the return is delinquent and a penalty of 10% of the assessed valuation is added. After April 15th a penalty of 20% of assessed valuation is added.
Ready to Get Started?
The easiest way to appreciate all that Taxscribe provides is to see it in action!
Get Started
The easiest way to understand and appreciate all that Taxscribe provides is to see it in action. Schedule your demo now.