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- Review instruction sheet enclosed with your DR405 concerning filing a DR-405.
- File the original DR-405 from this office with name and account number preprinted, before April 1st. Be sure to sign and date your DR-405.
- If you have an equipment listing or depreciation schedule that identifies each piece of equipment, attach it to your completed DR-405. It is to your advantage to provide a breakdown of equipment since depreciation on items may vary.
- If you have an accountant or CPA firm, work with them to identify any equipment that may have been new purchases, physically removed, replaced, donated, transferred or is under a lease. Please verify with your accountant or CPA firm that your DR-405 has been submitted.
- Do not use vague terms such as “various” to describe assets or “same as last year”, your DR-405 could be considered incomplete and sent back to you for completion.
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- If you sell your business, go out of business, or move to a new location, please inform us so you can avoid undue penalties and possible liens.