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Instructions and help about form 571 l pdf

hi welcome to the first video tutorial on the 571 l business property statement California law prescribes an annual tax based on property as it exists at 12:01 a.m. on January 1st of each year the five-seven one elf form is used to declare all assessable business property located in this County on that date failure to file a statement by the May 7th deadline means the necessar must estimate the value of your property and add a penalty equal to 10% of the assessed value in these videos we will demonstrate how to begin filing your 571 L form to meet your filing obligation this video will cover part 1 general information first you should find pre-printed at the top of your form a name mailing address and location of business property if it is not here or has any errors you can correct this by crossing it out or writing it out and writing in the accurate information individuals and partnerships will enter last name followed by first name and middle initial and corporations should enter the

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