What are the penalties associated with failure to file tangible personal property returns?
Section 193.072, Florida Statutes provides for the following penalties for failing to file, or improper or late filing of a tangible personal property return: • Failure To File: 25% Penalty • Filing after due date: 5% per month late, up to 25% • Failing to properly file: 15% of corrected value This failure to file a return or to otherwise properly submit the tangible personal property for taxation does not relieve the taxpayer of any requirement to pay all tax assessed against the tangible personal property. Can I get an extension to file my Tangible Personal Property Tax Return? Yes, Section 193.063, Florida Statutes, provides for an extension of the date for filing tangible personal property tax returns. The property appraiser shall grant a 30-day extension for the filing of tangible personal property tax returns and may, at her or his discretion, grant an additional 15-day extension for the filing of tangible personal property tax returns. Due to a reduction in workforce, no extensi
