Advantax Client Saves $23,000 in Personal Property Tax
Date Published: 6/18/2008

2008 Personal Property Reverse Audit

Pharmaceutical Plant in St Petersburg, FL

Advantax staff conducted a review of the client's fixed asset records and conducted an inspection of the plant.

The result was that Advantax discovered assets on the books of $2.9 Million in market value that should not be reported for property tax purposes.

By excluding the non-taxable assets from the property tax return, the clients tax liability was reduced by $23,000.