We use tax software that is used by many leasing companies to compute the tax estimate. The software takes the contract’s assessed (depreciated) value and then multiplies that value by the tax jurisdictions’ previous year’s tax rate. If we have an actual tax assessment on file for the equipment, the rate used is 90% of the prior year’s assessment or 80% of two years prior.
Under the terms of the lease agreement, the lessee agreed to reimburse us for any such taxes paid on...
Each taxing jurisdiction has a different lien date or fiscal start date for the year. There are 4 di...
Under the terms of the lease, a lessee is reimbursing us for property taxes paid on the lessee’s b...
A true-up is when we reconcile the estimated taxes paid by the lessee to the actual tax billed by th...
The property tax true-up is the reconciliation of actual property taxes paid by us on the leased equ...
We, as the owner of the leased equipment, is required to report all leased equipment, even if the eq...
Other companies do charge their customers taxes usually by building the cost into the lease factor r...
The property tax bill we receive contains information on all leased equipment in a given jurisdictio...
Each jurisdiction that collects personal property taxes, taxes the owner of the equipment. We are th...
We, as the owner of the leased equipment, is required to report all leased equipment, even if the eq...
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