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Video instructions and help with filling out and completing When Form 4797 Tangible

Instructions and Help about When Form 4797 Tangible

This video will show you as a new business owner how to fill out the Davis County personal property signed a statement please note that this statement is due on May 15 2023 if this is submitted after May 15th 2023 you will incur fees and penalties if your business closed or never got started please contact our office at 8:01 for five one three two four nine and let the person know that your business no longer exists because you are a new business line one will be zero please do not alter this amount on line two you will enter the cost of supplies for one month this amount can be determined by taking the total cost of supplies on hand for the year and dividing it by twelve supplies on hand include all office supplies replacement parts maintenance supplies lubricating oils fuels and consumable items not held for sale in the ordinary course of business inventory items are not included in this example our annual supply amount was three hundred dollars if you divide that by twelve you will get $25 as a monthly supply amount and the $25.00 will be listed here on line two line three you will list all of your assets you will do this by completing Schedule B which I will show you later on in this video Schedule B you will list all of your assets used to run your business assets include but are not limited to furniture software computer signs uniforms tools phones alarm systems etc home businesses may use many assets which were owned personally these items need to be reported for each item we will determine the property class by looking at the classification guide and the percent good looking at the percent good schedule we will...