State Form 53855 (104-SR) Single Return - Business Tangible Personal Property - Indiana

What Is State Form 53855 (104-SR)?

This is a legal form that was released by the Indiana Department of Local Government Finance - a government authority operating within Indiana. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is State Form 53855 (104-SR)?A: State Form 53855 (104-SR) is a form used for reporting business tangible personal property in Indiana.

Q: Who needs to file State Form 53855 (104-SR)?A: Anyone who owns or possesses tangible personal property used in a business or rental activity in Indiana needs to file this form.

Q: What is considered tangible personal property?A: Tangible personal property refers to physical assets, such as equipment, furniture, and fixtures, that are used in a business or rental activity.

Q: Is there a deadline for filing State Form 53855 (104-SR)?A: Yes, the deadline for filing this form is typically May 15th of each year.

Q: What information is required to complete State Form 53855 (104-SR)?A: You will need to provide details about the property, its value, and the cost of acquisition or production.

Q: Are there any penalties for not filing this form?A: Yes, failing to file or filing late may result in penalties and interest charges.

Q: Do I need to file this form if my business is not in Indiana?A: No, this form is specific to tangible personal property used in a business or rental activity in Indiana.

Q: Can I use State Form 53855 (104-SR) for multiple years?A: No, you need to file a new form each year to report your business tangible personal property.