State Form 12980 Form 106 - Schedule of Adjustments to Business Tangible Personal Property Return - Indiana

Form 106 is a Indiana Department of Local Government Finance form also known as the "Schedule Of Adjustments To Business Tangible Personal Property Return". The latest edition of the form was released in November 1, 2016 and is available for digital filing.

Download a fillable PDF version of the Form 106 down below or find it on Indiana Department of Local Government Finance Forms website.

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SCHEDULE OF ADJUSTMENTS TO
FORM 106
JANUARY 1, 20 ______
BUSINESS TANGIBLE PERSONAL
For Assessor’s use only
PRIVACY NOTICE
PROPERTY RETURN
This form contains information
confidential pursuant to IC 6-1.1-35-9.
State Form 12980 (R16 / 11-16)
Prescribed by Department of Local Government Finance
INSTRUCTIONS: Please file with Form 102 or 103.
DLGF taxing district number
Name of taxpayer (please type or print)
Name under which business is conducted
Address where property is located (number and street, city, and state)
Township
ZIP code
IF A TAXPAYER CLAIMS ANY ADJUSTMENT ON THE VALUE OF HIS PROPERTY, THIS FORM MUST BE FILED, EXPLAINING IN DETAIL THE JUSTIFICATION
FOR THE ADJUSTMENT, DESCRIBING THE ITEM OR ITEMS AFFECTED, AND THE BASIS OR METHOD USED IN ARRIVING AT THE AMOUNT CLAIMED.
NO ADJUSTMENT WILL BE ALLOWED WITHOUT A VALID BASIS. FAILURE OF THE TAXPAYER TO GIVE THE DETAILED EXPLANATION REQUESTED
ON THE FORM MAY RESULT IN A DENIAL OF THE ADJUSTMENT BY THE ASSESSOR. IF THE SPACE PROVIDED IS NOT SUFFICIENT, ATTACH A
SEPARATE SHEET OR SHEETS.
DEPRECIABLE AND OTHER
(1) Adjust cost to federal tax basis - 50 IAC 4.2-4-4
(2) Permanently retired equipment (Deduct total cost and report scrap value on Form 103, Schedule A, Line 57) - 50 IAC 4.2-4-3(c) and (d)
(3) Deduct abnormal depreciable asset obsolescence, only if qualified - 50 IAC 4.2-4-8 and 50 IAC 4.2-9
Any overall obsolescence claimed must also be applied to any abatement claimed.
Calculations must be separately shown for the abated assessments.
(4) Critical spare parts - 50 IAC 4.2-6-6
(5) Returnable containers - 50 IAC 4.2-6-4
SPECIAL TOOLING MUST BE COMPUTED ON FORM 103-T. (50 IAC 4.2-6-2)
COMMERCIAL AIRCRAFT AND COMMERCIAL BUSES MUST BE COMPUTED ON FORM 103-I. (50 IAC 4.2-10)
Show and Explain All Calculations Below.
SIGNATURE AND VERIFICATION
I hereby certify to the best of my knowledge and belief that the facts stated as bases for the adjustments claimed are true and complete and that the
adjustments claimed hereon are required to produce true tax value of the property affected as defined by 50 IAC 4.2-1-1.1(t).
Signature of authorized person
Title
Date (month, day, year)
Signature of person preparing return, if different than authorized person
Date (month, day, year)
EXPLANATION OF ADJUSTMENT
(If more space is needed, attach additional sheet or sheets.)
DEPRECIABLE AND OTHER
Total Adjustment Claimed by Taxpayer
Total Adjustment Allowed by Assessor
Reset Form
SCHEDULE OF ADJUSTMENTS TO
FORM 106
JANUARY 1, 20 ______
BUSINESS TANGIBLE PERSONAL
For Assessor’s use only
PRIVACY NOTICE
PROPERTY RETURN
This form contains information
confidential pursuant to IC 6-1.1-35-9.
State Form 12980 (R16 / 11-16)
Prescribed by Department of Local Government Finance
INSTRUCTIONS: Please file with Form 102 or 103.
DLGF taxing district number
Name of taxpayer (please type or print)
Name under which business is conducted
Address where property is located (number and street, city, and state)
Township
ZIP code
IF A TAXPAYER CLAIMS ANY ADJUSTMENT ON THE VALUE OF HIS PROPERTY, THIS FORM MUST BE FILED, EXPLAINING IN DETAIL THE JUSTIFICATION
FOR THE ADJUSTMENT, DESCRIBING THE ITEM OR ITEMS AFFECTED, AND THE BASIS OR METHOD USED IN ARRIVING AT THE AMOUNT CLAIMED.
NO ADJUSTMENT WILL BE ALLOWED WITHOUT A VALID BASIS. FAILURE OF THE TAXPAYER TO GIVE THE DETAILED EXPLANATION REQUESTED
ON THE FORM MAY RESULT IN A DENIAL OF THE ADJUSTMENT BY THE ASSESSOR. IF THE SPACE PROVIDED IS NOT SUFFICIENT, ATTACH A
SEPARATE SHEET OR SHEETS.
DEPRECIABLE AND OTHER
(1) Adjust cost to federal tax basis - 50 IAC 4.2-4-4
(2) Permanently retired equipment (Deduct total cost and report scrap value on Form 103, Schedule A, Line 57) - 50 IAC 4.2-4-3(c) and (d)
(3) Deduct abnormal depreciable asset obsolescence, only if qualified - 50 IAC 4.2-4-8 and 50 IAC 4.2-9
Any overall obsolescence claimed must also be applied to any abatement claimed.
Calculations must be separately shown for the abated assessments.
(4) Critical spare parts - 50 IAC 4.2-6-6
(5) Returnable containers - 50 IAC 4.2-6-4
SPECIAL TOOLING MUST BE COMPUTED ON FORM 103-T. (50 IAC 4.2-6-2)
COMMERCIAL AIRCRAFT AND COMMERCIAL BUSES MUST BE COMPUTED ON FORM 103-I. (50 IAC 4.2-10)
Show and Explain All Calculations Below.
SIGNATURE AND VERIFICATION
I hereby certify to the best of my knowledge and belief that the facts stated as bases for the adjustments claimed are true and complete and that the
adjustments claimed hereon are required to produce true tax value of the property affected as defined by 50 IAC 4.2-1-1.1(t).
Signature of authorized person
Title
Date (month, day, year)
Signature of person preparing return, if different than authorized person
Date (month, day, year)
EXPLANATION OF ADJUSTMENT
(If more space is needed, attach additional sheet or sheets.)
DEPRECIABLE AND OTHER
Total Adjustment Claimed by Taxpayer
Total Adjustment Allowed by Assessor

Download State Form 12980 Form 106 - Schedule of Adjustments to Business Tangible Personal Property Return - Indiana

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