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Form 8824 For Moreno Valley California: What You Should Know

Moreno Valley and City Sales Tax (SG-STAY) The tax rate is 9% for sales tax for new business. It is set at 11% in 2015. SG-STAY form WHEN TO FILE This form must be included with your tax return for the tax year in which a relinquished property was trans-f erred (given up). Moreno Valley and City Sales Tax (SG-STAY) The tax rate is 9% for sales tax for new business. It is set at 11% in 2015. SG-STAY form 1. Property, buildings and improvements, and improvements to property. 2. Real property, new construction. 3. Personal property, new construction. Sales tax exemption for real property acquired less than 3 years prior to tax year; may be repealed without an increase in the tax rate. Note: The sale of real property purchased at a below-market rate may be exempt from sales tax upon approval on a special application within 3 months from the date of the sale. 4. Personal property including building construction and improvements, including improvements to the personal property such as alterations and improvements to plumbing fixtures or equipment; these should not be considered rental property as they are subject to all the regular rules of the California Business and Professions Code. 5. Business property (e.g., furniture, fixtures, equipment, etc.). 6. Improvements to buildings and improvements, to personal property including buildings and/or personal improvement costs, when deemed to be within a business's ordinary operations. 7. Improvements to the improvements to personal property purchased at a below market rate. 8 The transfer of an interest in a business or business premises as defined in subdivision (d) of section 960.3 (a) (8), (f), or (h). SF-1 Form (Business or Commercial Organization) — SF-1 WHEN TO FILE SF-1 is a form a business must file if it is: 1: A corporation. The business shall furnish in the form of the SF-1 Form the following information: 2: A description of the business operations and a list identifying all locations of the business, the names and addresses of all its officers and directors, including officers and officers of affiliates and contractors, the percentage of the business owned or controlled solely by the corporate members, and the names and addresses of the persons who have an interest in the business other than a stock ownership interest.

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