My son has started a small business in Florida in 2018 and the Florida Department of Revenue told him to file Form DR-15, "Sales and Use Tax Return". He's been filing Form DR-15 every 3 months. However, when I downloaded TurboTax for Florida, it ask to file Form DR-405, "Tangible Personal Property Tax Return". Is DR-15 good enough for him to file for state tax in Florida and not to file for DR-405? Thank you.
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"Is DR-15 good enough for him to file for state tax in Florida and not to file for DR-405?"
The DR-15 is for reporting sales that are subject to (or exempt from) state sales tax and is filed with the state.
The DR-405 is for reporting tangible personal property (assets) used in connection with a Florida-located business or rental property and is filed with the county in which the business/rental is located.
For more information on the DR-405, visit the county property appraiser's web site for the county in which the business is located.
A list of county property appraisers can be found here --> http://floridarevenue.com/property/Pages/LocalOfficials.aspx
"Is DR-15 good enough for him to file for state tax in Florida and not to file for DR-405?"
The DR-15 is for reporting sales that are subject to (or exempt from) state sales tax and is filed with the state.
The DR-405 is for reporting tangible personal property (assets) used in connection with a Florida-located business or rental property and is filed with the county in which the business/rental is located.
For more information on the DR-405, visit the county property appraiser's web site for the county in which the business is located.
A list of county property appraisers can be found here --> http://floridarevenue.com/property/Pages/LocalOfficials.aspx
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