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Tangible Property Reporting Pursuant to 55210.23 of the Code of Virginia, the State Treasurer can elect not to receive property or to postpone the delivery of the property. To handle the process of
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Tangible property reporting is the process of reporting physical assets owned by a business or individual, such as equipment, furniture, and vehicles.
Businesses and individuals who own tangible assets are required to file tangible property reporting.
Tangible property reporting can typically be filled out online or through a paper form provided by the relevant government agency.
The purpose of tangible property reporting is to track and assess the value of physical assets owned by businesses and individuals for tax and accounting purposes.
Information such as the description, location, and value of tangible assets must be reported on tangible property reporting.
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