INSTRUCTIONS: INDIANA BUSINESS TANGIBLE PERSONAL PROPERTY ASSESSMENT RETURN (Long) (Form 11405)

Every Indiana business must annually submit both a return giving an assessment of their tangible personal property (form 11405, also known as form 103) as well as a Business Tangible Personal Property Return (form 104). These forms can be found on the official website of the state of Indiana.

Indiana Business Tangible Personal Property Assessment Return (Long) 11405 Step 1: On the first page, enter all identifying and contact information about you and your business.

Indiana Business Tangible Personal Property Assessment Return (Long) 11405 Step 2: Question one on the first page asks when your federal tax year ends and the name under which your return is filed.

Indiana Business Tangible Personal Property Assessment Return (Long) 11405 Step 3: Question two asks for the location of your accounting records. Question three requires you to describe the form of your business entity.

Indiana Business Tangible Personal Property Assessment Return (Long) 11405 Step 4: Question four asks whether your business has other locations in Indiana.

Indiana Business Tangible Personal Property Assessment Return (Long) 11405 Step 5: Questions five through seven ask whether you had rented or leased personal property, special tools or returnable calendars on March 1 of this year. Question eight asks for the total sales for this location for the previous year.

Indiana Business Tangible Personal Property Assessment Return (Long) 11405 Step 6: Skip down to page two and begin completing the Schedule A worksheet. All values given should be rounded to the nearest whole dollar. Lines one through three concern personal property, while lines four through seven concern exempt property. Lines eight through 12 require further calculations to determine the base value of your assessable depreciable personal property.

Indiana Business Tangible Personal Property Assessment Return (Long) 11405 Step 7: The remainder of Schedule A requires you to perform various adjustments based on your equipment. The next page requires a purchasing history of this equipment.

Indiana Business Tangible Personal Property Assessment Return (Long) 11405 Step 8: Transfer line 66 to page one of the Assessment Return in the column indicated for summary of your Schedule A.

Indiana Business Tangible Personal Property Assessment Return (Long) 11405 Step 9: Sign and date the form. Provide your printed name and title, a phone number and an email address where you can be contacted.