Common Reporting Errors

The 10/1 error.

All assets located in Jefferson County on October 1st of each year are required by law to be reported on the Business Personal Property Return. Some businesses send a list of assets from the prior December 31st neglecting to add assets acquired in the current year from January 1st through October 1st. Since almost all businesses buy several assets each year due to wear, breakage, obsolescence, business growth, etc, non-reporting of new assets is easy to spot. Suspicion of this error is a major generator of audits.

The Additive error

All assets are required to be reported every year. Some businesses report only the current additions and deletions of assets and assume the county will edit and maintain a list of all their assets. Although some counties in other states may allow this practice, it does not comply with Alabama law. Non-reportage of assets will cause an audit and will result in penalties and interest.

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