Maryland Form 4B – Fill Out and Use This PDF

The Maryland 4B form, often referred to as the Maryland Depreciation Schedule, is a critical document for businesses operating within the state. It meticulously records the depreciation of property over time, including categories like land, buildings, machinery, and more, to provide a detailed look at a business's tangible assets in Maryland as of a specific date. Understanding and accurately completing this form is vital for adhering to state tax regulations and optimizing financial statements. Explore the essentials of filling out the Maryland 4B form by clicking the button below.

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Maryland Form 4B PDF Details

The Maryland 4B Form, also known as the Maryland Depreciation Schedule, plays a pivotal role for businesses operating within the state, providing a comprehensive method for reporting the depreciation of property held as of a specific date. This form encompasses a wide array of property types, including land, buildings, leasehold improvements, various forms of transportation equipment, furniture and fixtures, machinery, and more. Additionally, the form is crucial for organizations claiming exemption on certain types of property, such as those used for charitable, religious, educational, or farming purposes, among others. It requires detailed documentation of the total accumulated depreciation, the book cost, and this year's depreciation value for each property category. The form also addresses exemptions, specifying the need for exempt organizations to furnish justification for their claims alongside their return, potentially including a copy of their latest IRS Form 990 filing. Another component includes guidelines for rental heavy equipment, outlining qualifications for exemption based on the North American Industry Classification System. Moreover, the Maryland Form 4C, a closely related document, facilitates the reconciliation of property disposals and transfers within the state, key for businesses that experienced significant changes in their property holdings due to acquisitions, disposals, or transfers. The interplay between these forms underscores the detailed reporting and compliance practices essential for Maryland businesses in managing their taxable property.

Question	Answer
Form Name	Maryland Form 4B
Form Length	1 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	15 sec
Other names	schedule, justication, maryland form 4b, EquipmentE

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	Maryland	Depreciation Schedule
	Form 4B	Depreciation Schedule
	Form 4B
		PROPERTY IN MARYlAND AS OF _____________________________

2012

Form 4B & 4C

TOTAL

DEPRECIATION

ACCUMULATED

BOOK

COST

THIS YEAR

DEPRECIATION

VALUE

Land

Building

Leasehold Improvements

Transportation Equipment (Registered)A

Transportation Equipment

(Not Registered and Interchangeable Registrations)

Furniture & Fixtures

Machinery & Equipment

Other (Specify)

Totals:B

10.Expensed Property

(Not Reported on

Depreciation Schedule)

11. Exempt Personal PropertyD

(Included in line 9 above and not reported on the return.)

Type of Organization

EXEMPTION CLAIMED

Type of Property

Charitable

Religious

Vehicles (Registered)

Vessels (under 100 ft.)

Veterans

Aircraft

Educational

Farming Implements (Farmers Only)

Other ___________________________________________

Rental Heavy EquipmentE

Other_________________

SPECIFY

A.Vehicles with Interchangeable Registrations (dealer, recycler, ﬁnance company, special mobile equipment, and transporter plates) are to be reported on line 5.

B.Total line must equal Line 10 on the Balance Sheet Form 4A.

C.Include all expensed property located in Maryland not reported on the Depreciation Schedule Form 4B.

D.If exempt property is owned check the appropriate boxes under line 11. Exempt organizations need to provide written justiﬁcation for the claimed exemption with the return. Organizations required to ﬁle IRS Form 990 should also submit a copy of the latest available ﬁling.

E.For Rental Heavy Equipment Only – An entity must meet all of the following provisions: 1) largest segment of its total receipts is from the short-term lease or rental of heavy equipment at retail without operators; 2) it must be deﬁned under Code 532412 of the North American Industry Classiﬁcation System; 3) the property must meet the deﬁnition of heavy equipment property in § 9-609(D)(5) of the Political Subdivisions Article; and 4) the lease or rental of the heavy equipment property is for a period of 365 days or less.

Maryland Form 4C

DISPOSAL AND TRANSFER RECONCILIATION

		BALANCE	TRANSFERS IN	2011	TRANSFERS OUT	BALANCE
		1/1/2011	DURING 2011	ACQUISITIONS	& DISPOSALS*	1/1/2012

1.	Furniture, Fixtures, Tools
	Machinery and
	Equipment

2.	Motor Vehicles

3.	Manufacturing/R&D Equip.

4.	Leased Property

5.	Totals

This section must be completed by those businesses which transferred or disposed of personal property located in Maryland during 2011.

Property “Transferred In” from locations outside Maryland, property acquired and property “Disposed Of” or “Transferred Out” during 2011 must be reported above and reconciled with the totals from last year’s return.

*If transfers out and disposals made during 2011 are more than $200,000 or greater than 50% of the total property reported as of 1/1/2011, complete the information below.

Date of transfer:	Location where transferred?
TRANSFERS
	City:	State:
Date of disposal:	Manner of disposal? (sale, junked, donation, etc.)	Name of buyer? (For Sales Only)

DISPOSAlS

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2. After this part is completed, go to enter the suitable details in all these - Furniture Fixtures Tools, Machinery and Equipment, Motor Vehicles, ManufacturingRD Equip, Leased Property, Totals, This section must be completed by, Property Transferred In from, If transfers out and disposals, TRANSFERS, DISPOSAlS, Date of transfer, Location where transferred, Date of disposal, and City Manner of disposal sale.

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Maryland Form 4B – Fill Out and Use This PDF

Maryland Form 4B PDF Details

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