Instructions for Form 1 Annual Report & Business Personal Property Return - Maryland

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Instructions for Form 1 Annual Report & Business Personal Property Return - Maryland

This document contains official instructions for Form 1 , Annual Report & Business Personal Property Return - a form released and collected by the Maryland Department of Assessments and Taxation.

FAQ

Q: What is Form 1?A: Form 1 is the Annual Report & Business Personal Property Return in Maryland.

Q: What is the purpose of Form 1?A: The purpose of Form 1 is to report your business personal property and file an annual report.

Q: Who needs to file Form 1?A: All businesses, including corporations, LLCs, and partnerships, in Maryland need to file Form 1.

Q: What is business personal property?A: Business personal property includes furniture, equipment, inventory, and other assets used in your business.

Q: When is Form 1 due?A: Form 1 is due by April 15th each year.

Q: Are there any penalties for late filing?A: Yes, there are penalties for late filing. It's important to file Form 1 on time to avoid penalties.

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Instruction Details:

  • This 13-page document is available for download in PDF;
  • Actual and applicable for the current year;
  • Complete, printable, and free.

Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Maryland Department of Assessments and Taxation.

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