Declaration Debts Details

Form Fl 160 is an important form for businesses to complete when filing their taxes. This form is used to calculate a business's taxable income, and it's important that it is filled out correctly. In order to help you understand the form and how to fill it out, we've created this guide. We'll go over what each section of the form means, and provide some tips on how to accurately calculate your taxable income.

Here, you will find quite a few specifics of form fl 160 PDF. It is worth taking a few minutes to read through this before you start filling out your document.

QuestionAnswer
Form NameForm Fl 160
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other nameshow to property declaration, fl160, california form fl 160, fl form 160

Form Preview Example

FL-160

PARTY WITHOUT ATTORNEY OR ATTORNEY

STATE BAR NUMBER:

NAME:

 

 

FIRM NAME:

 

 

STREET ADDRESS:

 

 

CITY:

STATE:

ZIP CODE:

TELEPHONE NO.:

FAX NO.:

 

E-MAIL ADDRESS:

 

 

ATTORNEY FOR (name):

 

 

SUPERIOR COURT OF CALIFORNIA, COUNTY OF

STREET ADDRESS:

MAILING ADDRESS:

CITY AND ZIP CODE:

BRANCH NAME:

PETITIONER:

RESPONDENT:

OTHER PARENT/PARTY:

PETITIONER'S

 

RESPONDENT'S

CASE NUMBER:

 

 

COMMUNITY AND QUASI-COMMUNITY PROPERTY DECLARATION

SEPARATE PROPERTY DECLARATION

See Instructions on page 4 for information about completing this form. For additional space, use Continuation of Property Declaration

(form FL-161).

 

A

B

C

-

D

=

E

 

F

 

 

 

 

 

 

 

 

 

ITEM

BRIEF DESCRIPTION

DATE

GROSS FAIR

 

AMOUNT

 

NET FAIR

PROPOSAL FOR DIVISION

MARKET

 

 

MARKET

Award or Confirm to:

NO.

 

ACQUIRED

 

OF DEBT

 

 

VALUE

 

 

VALUE

PETITIONER

RESPONDENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1. REAL ESTATE

 

$

 

$

$

 

$

$

2.HOUSEHOLD FURNITURE, FURNISHINGS, APPLIANCES

3.JEWELRY, ANTIQUES, ART, COIN COLLECTIONS, etc.

4.VEHICLES, BOATS, TRAILERS

5.SAVINGS ACCOUNTS

6.CHECKING ACCOUNTS

Page 1 of 4

Form Approved for Mandatory Use Judicial Council of California FL-160 [Rev. July 1, 2016]

PROPERTY DECLARATION

(Family Law)

Family Code, §§ 115, 2104, 2500-2660 www.courts.ca.gov

 

 

 

 

 

 

 

 

 

FL-160

 

 

 

 

 

 

 

 

 

 

 

A

B

C

-

D

=

E

 

F

 

 

 

 

 

 

 

 

 

ITEM

BRIEF DESCRIPTION

DATE

GROSS FAIR

 

AMOUNT

 

NET FAIR

PROPOSAL FOR DIVISION

MARKET

 

 

MARKET

Award or Confirm to:

NO.

 

ACQUIRED

 

OF DEBT

 

 

VALUE

 

 

VALUE

PETITIONER

RESPONDENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7. CREDIT UNION, OTHER

 

$

$

 

 

$

$

$

DEPOSITORY ACCOUNTS

 

 

 

 

 

 

 

 

8.CASH

9.TAX REFUND

10.LIFE INSURANCE WITH CASH SURRENDER OR LOAN VALUE

11.STOCKS, BONDS, SECURED NOTES, MUTUAL FUNDS

12.RETIREMENT AND PENSIONS

13.PROFIT-SHARING, IRAS, DEFERRED COMPENSATION, ANNUITIES

14.ACCOUNTS RECEIVABLE, UNSECURED NOTES

15.PARTNERSHIP, OTHER BUSINESS INTERESTS

16.OTHER ASSETS

17.ASSETS FROM CONTINUATION SHEET

18.TOTAL ASSETS

FL-160 [Rev. July 1, 2016]

PROPERTY DECLARATION

Page 2 of 4

(Family Law)

FL-160

 

A

B

 

C

D

 

 

 

 

 

 

ITEM

DEBTS—

 

 

 

PROPOSAL FOR DIVISION

DATE INCURRED

 

TOTAL OWING

Award or Confirm to:

NO.

SHOW TO WHOM OWED

 

 

 

 

PETITIONER RESPONDENT

 

 

 

 

 

 

 

 

 

 

19. STUDENT LOANS

 

$

$

$

20.TAXES

21.SUPPORT ARREARAGES

22.LOANS—UNSECURED

23.CREDIT CARDS

24. OTHER DEBTS

25.OTHER DEBTS FROM CONTINUATION SHEET

26.TOTAL DEBTS

A Continuation of Property Declaration (form FL-161) is attached and incorporated by reference.

I declare under penalty of perjury under the laws of the State of California that, to the best of my knowledge, the foregoing is a true and correct listing of assets and obligations and the amounts shown are correct.

Date:

(TYPE OR PRINT NAME)

SIGNATURE

FL-160 [Rev. July 1, 2016]

PROPERTY DECLARATION

Page 3 of 4

(Family Law)

FL-160

INFORMATION AND INSTRUCTIONS FOR COMPLETING FORM FL-160

Property Declaration (form FL-160) is a multipurpose form, which may be filed with the court as an attachment to a Petition or Response or served on the other party to comply with disclosure requirements in place of a Schedule of Assets and Debts (form FL-142). Courts may also require a party to file a Property Declaration as an attachment to a Request to Enter Default (form FL-165) or Judgment (form FL-180).

When filing a Property Declaration with the court, do not include private financial documents listed below.

Identify the type of declaration completed

1.Check "Community and Quasi-Community Property Declaration" on page 1 to use Property Declaration (form FL-160) to provide a combined list of community and quasi-community property assets and debts. Quasi-community property is property you own outside of California that would be community property if it were located in California.

2.Do not combine a separate property declaration with a community and quasi-community property declaration. Check "Separate Property Declaration" on page 1 when using Property Declaration to provide a list of separate property assets and debts.

Description of the Property Declaration chart

Pages 1 and 2

1.Column A is used to provide a brief description of each item of separate or community or quasi-community property.

2.Column B is used to list the date the item was acquired.

3.Column C is used to list the item's gross fair market value (an estimate of the amount of money you could get if you sold the item to another person through an advertisement).

4.Column D is used to list the amount owed on the item.

5.Column E is used to indicate the net fair market value of each item. The net fair market value is calculated by subtracting the dollar amount in column D from the amount in column C ("C minus D").

6.Column F is used to show a proposal on how to divide (or confirm) the item described in column A.

Page 3

1.Column A is used to provide a brief description of each separate or community or quasi-community property debt.

2.Column B is used to list the date the debt was acquired.

3.Column C is used to list the total amount of money owed on the debt.

4.Column D is used to show a proposal on how to divide (or confirm) the item of debt described in column A.

When using this form only as an attachment to a Petition or Response

1.Attach a Separate Property Declaration (form FL-160) to respond to item 9. Only columns A and F on pages 1 and 2 and columns A and D on page 3 are required.

2.Attach a Community or Quasi-Community Declaration (form FL-160) to respond to item 10, and complete column A on all pages.

When serving this form on the other party as an attachment to Declaration of Disclosure (form FL-140)

1.Complete columns A through E on pages 1 and 2, and columns A through C on page 3.

2.Copies of the following documents must be attached and served on the other party:

(a)For real estate (item 1): deeds with legal descriptions and the latest lender's statement.

(b)For vehicles, boats, trailers (item 4): the title documents.

(c)For all bank accounts (item 5, 6, 7): the latest statement.

(d)For life insurance policies with cash surrender or loan value (item 10): the latest declaration page.

(e)For stocks, bonds, secured notes, mutual funds (item 11): the certificate or latest statement.

(f)For retirement and pensions (item 12): the latest summary plan document and latest benefit statement.

(g)For profit-sharing, IRAs, deferred compensation, and annuities (item 13): the latest statement.

(h)For each account receivable and unsecured note (item 14): documentation of the account receivable or note.

(i)For partnerships and other business interests (item 15): the most current K-1 and Schedule C.

(j)For other assets (item 16): the most current statement, title document, or declaration.

(k)For support arrearages (item 21): orders and statements.

(l)For credit cards and other debts (items 23 and 24): the latest statement.

3.Do not file copies of the above private financial documents with the court.

When filing this form with the court as a attachment to Request to Enter Default (FL-165) or Judgment (FL-180) Complete all columns on the form.

For more information about forms required to process and obtain a judgment in dissolution, legal separation, and nullity cases, see http://www.courts.ca.gov/8218.htm.

FL-160 [Rev. July 1, 2016]

PROPERTY DECLARATION

Page 4 of 4

(Family Law)

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