CA DMV Form Boat 124. Quarterly Physical Inventory
The CA DMV Form Boat 124, known as the Quarterly Physical Inventory form, is used by vessel dealers in California to report their inventory of vessels on a quarterly basis. This form helps the California Department of Motor Vehicles track and monitor vessel inventory for regulatory and taxation purposes.
The form consists of sections that require specific information to be provided:
- Dealer information: This section requires the dealer's name, address, and contact details.
- Inventory details: This section requires a detailed listing of all vessels held in inventory, including the make, model, year, HIN, and purchase date.
- Signature and date: The form must be signed and dated by an authorized representative of the vessel dealer.
The parties involved in this form are the vessel dealer and the California Department of Motor Vehicles.
When filling out this form, it is important for the dealer to accurately report their vessel inventory. Any discrepancies or inaccuracies may result in penalties or audits by the California Department of Motor Vehicles.
An application example for this form would be when a vessel dealer submits their quarterly inventory report to the California Department of Motor Vehicles. The form helps the dealer maintain compliance with inventory reporting requirements and allows the department to ensure accurate taxation and regulation of vessel sales.
An alternative form related to inventory reporting is not specifically available for vessels. However, other industries may have similar forms for reporting inventory, such as the CA BOE-401-EZ form used for reporting sales and use tax on tangible personal property.