LARGE COMPANY CLAIMS $45,000 REFUND

Highlights

A large electronics manufacturer in San Diego brought us in to handle all of their compliance work associated with the annual completion of their Form 571-L. This included a review of their fixed asset records, a review of their asset classifications on their previous 571-L’s and any other discrepancies we might discover. As part of this process, we documented almost $6.5 million of equipment, accumulated from prior acquisitions that had been disposed of, but never removed from their property tax records. We were able to correctly complete all the forms with proper classifications and save the client almost $15,000 in 2013. In 2014 the company went through its annual 4-year audit. Based on the work we did in 2013, we were able to obtain an additional $45,000 in refunds for our client.

 

Success