Business Personal Property Audits: Preparation Strategies for Taxpayers

Planning for and Responding to Disputes Over Documentation, Values and Assessments, Penalties and More

Recording of a 110-minute webinar with Q&A


Conducted on Wednesday, August 8, 2012
Recorded event now available


This teleconference will prepare tax managers to plan strategies for managing a business personal property audit, whether conducted by a state agency or a contingent-fee firm.

Description

If your company has business personal property in multiple states, it's more likely than ever that you'll be targeted for a personal property audit. Nearly 40 states tax personal property, states are investing new resources in audit activity, and a number of states have recently become more aggressive.

California, Florida, Georgia, Indiana and Tennessee are just some examples. Both desk and field audits demand a high volume of accounting and financial records, and companies must ensure documents reflect the facts. Tax professionals also must anticipate disputes over excess or "escape" assessments.

Special problems can arise in dealing with contingent-fee audit firms, negotiating penalties and interest, and positioning your company for a potential appeal. Business personal property audits include unique demands that require special planning and preparation.

Listen as our panel of experienced property tax advisors offers their experiences and best practices you can use to thoroughly prepare for a business personal property audit.

Outline

  1. States moving more aggressively with personal property audits
    1. Factors behind why more companies are being audited
    2. Examples of oft-used contingent-fee audit firms
  2. Special documentation issues in personal property audits
    1. Books and records to provide, and to try to avoid providing
  3. Negotiating valuations and assessments
  4. Rights of the auditor
    1. What to expect from contingent-fee firms
  5. Negotiating penalties and interest
  6. Understanding rights and appeals avenues

Benefits

The panel will explore these and other important topics:

  • Responding to the initial audit notice, and researching the auditor's legal powers.
  • Books, records and documentation that should or shouldn't be provided.
  • Approaches to negotiating valuation.
  • Avoiding excess assessments and dealing with escape assessments.

Upon completing this seminar, the taxpayer advisor or manager will be better prepared to plan and manage a business personal property audit.

Faculty

Gregory Servodidio, Member
Pullman & Comley, Hartford, Conn.

He represents business clients in equitable assessment cases and property tax appeals in regard to properties as varied as corporate headquarters and power plants, hotels and movie theaters.

Laura Bellotti Cardillo, Member
Pullman & Comley, Hartford, Conn.

She has worked in the property valuations arena since 1982, and currently practices in ad valorem personal and real property tax appeals and eminent domain proceedings. She frequently represents property owners and lessees seeking equitable assessments of their property interests in municipalities.

Jeff Mills, Senior Manager of Property Tax
Crowe Horwath, Dallas

He has 12 years of experience in personal and real property tax and tangible valuation services. Before coming to Crowe Horwath, he was the Central Region property tax consulting/compliance leader at another accounting firm.

Ordering

On-Demand Seminar - Audio Recording

Includes recorded streaming audio of full program plus PDF handouts.

Note: Self-study CPE and EA credits are not offered on on-demand webinars.

On-Demand Seminar Audio $69.00

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Recorded Event

Includes full event recording plus handouts.

Note: Self-study CPE and EA credits are not offered on recorded events.

Recorded Webinar Download $69.00

How does this work?

Recorded Audio Download (MP3) $69.00

How does this work?

DVD (Slide Presentation with Audio) $69.00 plus $9.45 S&H

How does this work?

NASBA CPE Sponsor

National Registry of CPE Sponsors

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

 

IRS Approved Provider

Strafford is an IRS approved continuing education provider.

Program Materials

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Program Materials

Requires Adobe Reader 8 or later. Download Acrobat FREE.

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CPE Credit

Strafford is a NASBA CPE sponsor and our live webinars qualify for CPE credits. They offer you a high quality, cost effective, and convenient CPE option, with no lost travel time or expenses.

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Customer Reviews

I especially liked the examples illustrating the topics concepts.

Melinda Tompkins

Holly

Provided a lot of information. Examples made it easier to put in everyday perspective.

Therese Au

Forsythe Technology

I liked that the PowerPoint slides would automatically change as the speaker's presentation progressed.

Zeeshan Elahi

Ryan

I thought that the speakers were very knowledgeable and their presentation materials will be good reference guides.

Claudia Del Castillo, CPA

Sol Schwartz & Associates

Real life examples that we could relate to.  Keep up the great work.

Brett Terrebonne

Entergy

or call 1-800-926-7926

Property Tax Advisory Board

John Garippa

Senior Partner

Garippa Lotz & Giannuario

Kenneth Graeber

VP & Management Consultant

Marvin F. Poer & Co.

Betty McIntosh

Director, Location Incentives Group

Cushman & Wakefield

Foy Mitchell

Vice President

Marvin F. Poer & Co.

Mark Semerad

Manager of Property Tax

Level 3 Communications

or call 1-800-926-7926

Our Guarantee

Strafford webinars are backed by our 100% Unconditional Money-Back Guarantee: if you are not satisfied with any of our products, simply let us know and get a full refund. For more information regarding complaints and refunds, please contact us at 1-800-926-7926 ext 10. Complaints regarding this program can be submitted via the course evaluation found in the “Thank you” e-mail at the end of the course.