See how Paramount Property Tax Appeal helped a large San Diego cloud computing company save $80,000 in taxes and penalties, despite facing still penalties under audit.
See how Paramount Property Tax Appeal helped a large San Diego cloud computing company save $80,000 in taxes and penalties, despite facing still penalties under audit.
A large cloud computing company in San Diego was under audit by the Assessor’s Office, facing stiff penalties for not filing their 571-L forms in the previous two years. The Assessor reconstructed their records and sent them a fine for almost $200,000. Due to their lack of understanding of the rules and regulations associated with assigning asset lives, the client turned to Paramount Property Tax Appeal for assistance.
Paramount Property Tax Appeal stepped in immediately and provided our expertise to reconstruct their records in compliance with the correct guidelines. We thoroughly analyzed all of their tax documents, assisted them with completing the forms and made sure no stone was left un turned in regards to compliance and form completion.
As a result of our diligence, the Assessor reevaluated the client's case and reduced the original bill by 40%. in turn, the client saved approximately $80,000 in taxes and penalties by partnering with Paramount Property Tax Appeal.