INSTRUCTIONS: INDIANA BUSINESS TANGIBLE PERSONAL PROPERTY RETURN (SHORT) (Form 11274)

Indiana businesses may file a short form tangible personal property return if their business personal property assessment is under $150,000, they do not wish to claim any exemptions or deductions other than for an enterprise zone credit and they are not claiming any special adjustments. This must be filed along with the form 104 assessment of personal property summary.

Indiana Business Tangible Personal Property Return (Short) 11274 Step 1: At the top of the form, enter all information requested about the taxpayer and business in question.

Indiana Business Tangible Personal Property Return (Short) 11274 Step 2: Question one asks when your federal income tax year ends, question two asks for the location of your accounting records and retail merchants certificate number, and question three asks whether your business is a partnership, joint venture, corporation, sole proprietorship, estate or trust, or other. If other. explain.

Indiana Business Tangible Personal Property Return (Short) 11274 Step 3: Questions four and five ask if you have other Indiana business locations and whether you rented or leased depreciable personal property.

Indiana Business Tangible Personal Property Return (Short) 11274 Step 4: Question six asks for the total sales made at this location during the filing period in question.

Indiana Business Tangible Personal Property Return (Short) 11274 Step 5: Complete the worksheet chart on page two, the section reserved for your Schedule A computations. List all tangible personal property in the acquisition periods listed, including its cost and current depreciable value.

Indiana Business Tangible Personal Property Return (Short) 11274 Step 6: Transfer the value from line 15 of the Schedule A worksheet to page one, in the box for "Schedule A - Personal Property" under "Reported By Taxpayer."

Indiana Business Tangible Personal Property Return (Short) 11274 Step 7: At the bottom of Schedule A, a chart is provided for you to detail any rented personal property which is to be assessed for the owner. Give the owner's name and address, the date of the lease, the model number, quantity, cost (if known) and a description of all such property.

Indiana Business Tangible Personal Property Return (Short) 11274 Step 8: Sign and date the form, including your job title, phone number and email address. If the form has been completed by anyone other than the authorized tax payer, they must give their name and contact information.