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What is tangible personal property consumed or used by you that was purchased without tax?
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What type of personal property includes all movable wealth which is visible and the value of which can easily be assessed?
tangible
What type of personal property includes all moveable wealth that is visible and the value of which can easily be assessed (for example livestock or farm implements)?
Tangible
Is a bank account tangible personal property?
Yes. A Bank account is the personal property of the person who owns and operates the bank account. It will be considered an asset for the account owner. Anything that has a monetary value and belongs to someone is called an asset. Since a bank account is worth as much money that is in the account and belongs to a customer, it is the personal property of that person.
Do you pay sales tax in Florida on a dishwasher install?
The sale of a dishwasher is taxable. The install labor charged when purchasing a dishwasher would also be subject to sales tax. If you purchased install services from a third party that provided no tangible personal property during the installation, then there would be no sales tax on those services. One practical exception - When you purchase a new home and it includes a dishwasher, then this generally is ignored by the taxing authority (the FL DOR expects the general contractor to pay the tax). The reason for the tax is that the dishwasher is very easily removed with no damage to the house. So it is still considered tangible personal property after it is installed. If we were talking about a home appliance that was more permanently attached to the home, then the appliance and install services would not be subject to sales tax. In other words, real property improvements are not subject to sales tax but tangible personal property sales (and install labor sold with the property) is subject to tax. I am a CPA/Attorney that does almost nothing but Florida sales and use tax controversy. I hope this answer helps. James Sutton, CPA, Esq. www FloridaSalesTax com
How do you fill in line 6 of Part I of Form 4562?
Part I of Form 4562 (Depreciation and Amortization) concerns Section 179 property. That's property that you buy to use in your trade or business and that's either tangible personal property or other tangible property (except buildings and their structural components). On line 6 column (a), give a brief description of the property that you're expensing under Section 179 (for example: office furniture, truck). In column (b), give the cost of that property. In column (c), enter the amount that you're expensing under Section 179. The entire cost of the property doesn't have to be expensed. You can depreciate the amount that you don't expense.
Is a car tangible personal property?
yes
Is money personal tangible property?
Money is considered personal property and personal property is part of a person's estate.
Is an animal tangible personal property?
Yes.Yes.Yes.Yes.
Is restaurant dining considered tangible personal property?
Tangible property is something that can be touched; dining in a restaurant is a service.
Is real estate tangible personal property for purpose of probate?
No, land is Real Property.
Is a built in dishwasher tangible property?
A built-in dishwasher is tangible, but you have to be careful with this one. It is not personal property as it is a part of the house, and therefore considered real estate.
What type of personal property includes all movable wealth which is visible and the value of which can easily be assessed?
tangible
Television sets and sutomoblies are examples of what type pf personal property?
tangible
Can you charge sales tax on labor in Florida?
No, in Florida, sales tax is not generally imposed on labor for services unless the labor is directly related to the sale of tangible personal property. Services that do not involve the sale of tangible personal property are typically not subject to sales tax on the labor component.
What is tangible personal property?
Tangible personal property includes anything you own that is not attached to real property (land or improvements to land) and that has a physical form.Intangible personal property includes other things without physical form, such as personal rights in intellectual property (patents, trademarks, trade secrets, etc) or vested rights in things you do not yet possess.
Are shipping supplies taxable in Colorado?
No:Regulation (39-) 26-102.20. The sale of tangible personal property to a person engaged in the manufacture or compounding of a product or service, where such tangible personal property becomes a physical part of such product or service, is a wholesale sale and exempt from sales tax. Any container, label or shipping case used to encase or enclose such product may be purchased tax free by the manufacturer or compounder.
Is a house considered a tangible item pertaining to a will?
Tangible property in law is property that can be touched. A house would be tangible real property.
