Form 505 is a very important form for taxpayers who have foreign bank and financial accounts. This form is used to report the existence of these accounts and any associated income or balances. Taxpayers must file this form if the aggregate value of their foreign bank and financial accounts exceeds $10,000 at any time during the tax year. Failing to file Form 505 can result in significant fines and penalties.Luckily, Form 505 is relatively easy to complete, and there are many helpful resources available online. In this blog post, we will walk you through the steps of completing Form 505. We will also provide some tips for maximizing your savings on taxes related to foreign bank and financial accounts. Let's get started!
| Question | Answer |
|---|---|
| Form Name | Form 505 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | licensee, false, Misrepresentations, nursery license arkansas |
FORM 505 NURSERY DEALER LICENSE APPLICATION
REVISED- 7/2011
(All licenses expire on October 31 following date of issue.)
DEFINED: By a dealer is meant any person or firm not a grower of nursery stock who buys nursery stock for the purpose of reselling it.
FEES:
LEVEL I |
$150.00 |
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LEVEL II |
$300.00 |
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LEVEL III |
over 15,001 square feet heelyard area |
$450.00 |
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FACILITIES:
Dealers must provide facilities for keeping nursery stock in viable condition, either outdoors or indoors, and the inspector will check for these facilities, as well as for infestations of insect pests, plant diseases and noxious weeds.
CANCELLATION OF LICENSE: License may be canceled at any time for the following reasons:
1.Repeated substitution by the licensee of varieties or kinds of nursery stock other than those ordered, except by consent of purchases
2.Misrepresentations such as making false statements or promises for the purpose of making a sale
3.Repeated sales of poor quality, unthrifty, diseased or
4.Failure to fulfill commitments covered by contracts, or neglecting to make adjustments or replacements on nursery stock as by prior agreement
5.Violation of any of the provisions of this Act, or of the provisions of the Plant Act of 1917 or its regulations (Ark. Statutes 1947)
I agree that I will not deal in any nursery stock unless the grower of such stock holds a valid inspection certificate.
I hereby apply for a Nursery Dealer’s License
Enclosed:
Nursery Certificate Tags:
$0.15 each
(ONLY for out of state shipments)
*Do you have a heelyard or display area where plants may be inspected?
Yes_____ No_____
*Include MY Business Contact Info in the Online Directory?
License Fee/ Inspection Fee |
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(Choose Appropriate Level) |
$____________ |
Nursery Certificate Tags |
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(Must order in multiples of 6) |
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______________ of Tags |
$____________ |
Late Fee |
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(50% additional fee if renewal application |
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is postmarked after October 31) |
$____________ |
TOTAL: |
$____________ |
Yes_____ |
No_____ |
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Name of Business___________________________________________________________________ Phone #________________________ |
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Mailing Address_______________________________________________ |
City_________________ |
State______ Zip Code__________ |
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Physical Address_______________________________________________ |
City_________________ |
State_____ Zip Code__________ |
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Contact Name______________________________________________ Email/Website__________________________________________
(PLEASE PRINT YOUR NAME)
THIS APPLICATION SHOULD BE MAILED TO:
Arkansas State Plant Board
P.O. Box 1069
Little Rock, AR 72203
AND SHOULD BE ACCOMPANIED BY THE PROPER FEES
Late Fee: Renewal applications postmarked after October 31 are charged an additional 50% of the total fee.