Form Fp161 PDF Details

The IRS has released a new form, Form Fp161, for estate and gift tax returns. The form is designed to make it easier for taxpayers to report transfers of property between spouses. The new form was created in response to the Tax Cuts and Jobs Act, which simplified the estate and gift tax system. The new form will allow taxpayers to more easily take advantage of the increased exemption amount allowed by the new law.

QuestionAnswer
Form NameForm Fp161
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other namesdc form fp 161, dc fp161, forms fp 161, form fp 161

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Government of the District of Columbia

 

Office of the Chief Financial Officer

1101 4th Street, SW

Office of Tax and Revenue

Washington, D.C. 20024

 

 

EXEMPT PROPERTY USE REPORT (FORM FP-161)

Square/Suffix/Lot:_______________________

Premise Address: ______________________

Calendar Year: _______________________

Please complete the following Exempt Property Use Report using the enclosed instructions.

1. Name and mailing address of exempt institution or organization

Name:

__________________________________________________________________

Address:

_____________________________________________________________________

City:

__________________________________________ State: ___ ZIP: _____________

2. Type of institution or organization (e.g. religious, educational, charitable, etc.): _______________________

State, in detail, how the exempt property, identified by the square and lot or parcel and lot, was used during the calendar year indicated above. Include both buildings and grounds: ______________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

3. Was any building, structure, or grounds, or any portion thereof used by the institution or

 

organization, or the occupant thereof, to secure direct, indirect, or in-kind rent or income

 

during the year?

Yes

No

 

 

If yes, give details. Please refer to enclosed instructions, number 7

______________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

State the square footage of the space provided, the tenant’s name, the period of time the space was used to secure rent or income, and the amount of rent. _________________________________________________

_____________________________________________________________________

_____________________________________________________________________

4.

Since last year has the use of any building or grounds, or any portion thereof, changed?

Yes

No

 

If yes, give details.

_____________________________________________________________________

 

_____________________________________________________________________

 

_____________________________________________________________________

 

_____________________________________________________________________

5.

Were any buildings or structures added, altered, or removed during the year?

Yes

No

 

If yes, give details.

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

Government of the District of Columbia

 

Office of the Chief Financial Officer

1101 4th Street, SW

Office of Tax and Revenue

Washington, D.C. 20024

 

 

PART II - ONLY CATEGORY II FILERS MUST COMPLETE

1. Identify the provision of the District of Columbia Official code under which this property is receiving an exemption or abatement:

________________________________________________________________________________________

2. Describe the community benefits, as identified in this law, provided by the property during the reporting year. If none were provided, describe the progress made toward providing these benefits.

________________________________________________________________________________________

________________________________________________________________________________________

________________________________________________________________________________________

AFFIDAVIT

Under penalties of law, I declare that I have examined this report, and the statements made herein are true and complete to the best of my knowledge, information, and belief.

Signature:

Name:

Title:

Daytime Phone No.:

Date:

Below is the return address for the Exempt Property Use Report (FORM FP 161). Please ensure that it

is visible in the window of the enclosed return envelope.

Instructions for completing the Exempt Property Use Report are on the preceding page.

Government of the District of Columbia

Office of Tax and Revenue

Real Property Tax Administration

P.O. Box 71440

Washington, DC 20024

INSTRUCTIONS FOR FILING EXEMPT PROPERTY USE REPORT (FP 161)

Recently enacted legislation generally requires all nonprofit organizations or business entities owning property that is receiving a real property tax exemption or abatement under chapters 10 or 46 of Title 47 of the District of Columbia Official Code to file an annual use report on or before April 1 of each year.

Owners of real property exempt from taxation under the provisions of subsections (4) to (20) of D.C. Official Code § 47-1002 (Category I Filers) must file this report for the preceding calendar year (January 1st through December 31st). Consult the exemption letter or order you received from the Office of Tax and Revenue to determine the provision of law under which your property was exempted. If the report is not filed by the deadline (including any extensions granted by the Deputy Chief Financial Officer), the property shall immediately be assessed and taxed until the report is filed. In addition, a $250 late penalty will be assessed.

Owners of real property receiving an abatement or exemption other than Category I Filers (Category II Filers) must file this report for the preceding real property tax year, which began October 1st and ended September 30th. If the report is not filed by the deadline (including any extensions granted by the Deputy Chief Financial Officer), the property shall be restored to a fully taxable status as of October 1st. In addition, a $250 late penalty will be assessed.

If a written request for extension is filed prior to April 1st, the Deputy Chief Financial Officer may extend the filing deadline for a period not to exceed thirty (30) days after April 1st.

Instructions for All Filers

1YOU MUST FILE THIS FORM ON OR BEFORE April 1st unless you receive an extension. Your request

for an extension must be in writing and must be filed with the Office of Tax and Revenue before April 1st. An extension cannot exceed thirty (30) days.

2 You must sign this form under penalties of law.

3All questions must be answered fully. If you need additional space, use plain white paper of the same size and attach it to the report.

4 Please file a separate report for each tax lot. Do not combine tax lots on this form.

5This report does not constitute an application for an administrative exemption from real property taxation. To apply for such an exemption, you must complete and file Form FP-300.

6The report must state the purpose(s) for which the exempt property has been used during the reporting year.

7If you answered “yes” to question number 3 in Part I, you must clearly state the amount and source of rent or income. Please supply a detailed explanation of the use of the rented space or nature of the income-producing use.

Instructions for Category II Filers

Complete Part II, identifying the provision of law granting the exemption or abatement and describing community benefits provided or the progress made toward providing such benefits pursuant to such law.

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This form will require specific info to be filled out, so be sure you take the time to fill in what is asked:

1. The fp 161 exempt property will require particular details to be inserted. Be sure that the subsequent blanks are completed:

Tips on how to prepare dc form fp 161 stage 1

2. Once your current task is complete, take the next step – fill out all of these fields - State in detail how the exempt, Was any building structure or, Yes, If yes give details Please refer, State the square footage of the, Since last year has the use of, Yes, If yes give details, Were any buildings or structures, and Yes with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Yes, Yes, and If yes give details Please refer of dc form fp 161

3. The next part is typically fairly easy, If yes give details - all these form fields is required to be filled in here.

Filling out segment 3 of dc form fp 161

As for If yes give details and If yes give details, be sure that you double-check them here. Both of these could be the most important ones in the file.

4. You're ready to complete the next segment! Here you've got these Identify the provision of the, exemption or abatement, Describe the community benefits, year If none were provided, AFFIDAVIT, Under penalties of law I declare, Signature, Name, and Title fields to do.

The way to fill out dc form fp 161 stage 4

5. Last of all, this final subsection is what you will need to complete before closing the PDF. The blanks in question are the following: Daytime Phone No, Date, Below is the return address for, is visible in the window of the, Instructions for completing the, and Government of the District of.

Simple tips to fill in dc form fp 161 part 5

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