Available in All Oregon Counties
Taxscribe transforms tax management for business owners and CPAs in Oregon, 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 Oregon’s tax compliance requirements.
Available Forms:
- - Confidential Personal Property Return
What is Business Personal Property?
Business Personal Property is any property other than real property which is composed of tangible assets held for use in a business, including any property not currently being used, placed in storage or held for sale.
Business Personal Property is any property other than real property which is composed of tangible assets held for use in a business, including any property not currently being used, placed in storage or held for sale.
Who should file a Personal Property Return?
Each individual, partnership, firm, or corporation that has taxable personal property must file a return.
Each individual, partnership, firm, or corporation that has taxable personal property must file a return.
When you should file:
The taxable personal property return should be filed by March 15.
The taxable personal property return should be filed by March 15.
Exemptions:
- Inventories that are held for sale in the ordinary course of business.
- Farm machinery and equipment
- Inventories that are held for sale in the ordinary course of business.
- Farm machinery and equipment
Important Notes:
All returns that are filed late receive a penalty. The penalty is a percentage of the taxes and is 5 percent, 25 percent, or 50 percent depending on how late the return is filed.
All returns that are filed late receive a penalty. The penalty is a percentage of the taxes and is 5 percent, 25 percent, or 50 percent depending on how late the return is filed.
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