Integrity Tax Consulting
Personal Property - Banking
A large banking center requested Integrity’s expertise with the Indiana Personal Property Tax filings due to their multiple locations throughout the state. After conducting on-site meetings at each bank branch, we concluded there were several assets no longer located at the property but were still being reported on their return resulting in an overpayment of personal property taxes. We also revealed assets that constitute real property and not tangible personal property. We find businesses have insufficient manpower and/or the time to complete thorough internal audits of their fixed assets and therefore benefit from Integrity’s knowledge in obtaining a fair and accurate property tax assessment on their behalf. Integrity secured over $200,000 in tax savings for this bank.