🧾 Form DR-405: Decoding the Annual Return That Keeps You Out of Tax Jail.

The Tangible Personal Property Tax Return (Form DR-405) is the official document used by all 67 Florida counties. While the specific form may be customized by the county, the structure is dictated by the Florida DOR.

Key Components to Complete Accurately:

- Your business name, FEIN, and the physical street address of the property on January 1st.

- You must list the property's folio number or Parcel ID, often matching your real estate tax bill.

- This is the heart of the form. You must list assets by class (e.g., furniture, machinery, computers), the year acquired, and the Original Installed Cost.

- You must list any equipment you are leasing (in your possession) or any equipment you own that you are leasing to others.

- It must be signed and dated by the business owner or an authorized agent. An unsigned return is considered invalid and can trigger the penalties.