Cha-Ching with late fees

Hey business owners, April Fool's Day is the deadline.

A deadline for what? Why, filing tangible tax returns with  Hernando County Property Appraiser's office, that's what.

You say, "Wait a minute, I didn't get my forms from the property appraiser to file in a timely fashion."

Well, neither have many other businesses throughout the county.  Even some accountants are wondering if the property appraiser is intentionally creating a situation - a situation where businesses file late because it just slips their mind.

Seems plausible, doesn't it.  What better way to increase money into the county coffers in this slow economy.  Charge business owners late fees for not filing tangible tax returns on time.

So, if you don't want to hear the county property appraiser's cash register go 'cha-ching' with late fees and penalties, check your records before it's too late.

Here's the contact information:

Hernando County Property Appraiser
20 North Main Street, Room 463, Brooksville, Fl 34601-2893 
Phone (352) 754-4190
Fax (352) 754-4198 
The deadline for filing your DR-405 return is April 1. After April 1, Florida Statutes provide that late penalties be applied at 5% per month, but not to exceed 25%. A 15% penalty is required for unreported property and a 25% penalty if no return is filed. Extension request available (Tangible Personal Property Extension Instructions/Request Form).

Penalties will be applied to any non-filer whose TPP Just/Market Value exceeds the $25,000 exemption received in prior years. The penalty includes the taxes exempted as a result of wrongfully claiming the exemption plus 15% per annum and a penalty of 50% of the taxes exempted.