PEAC Solutions uses tax software that is used by many leasing companies to compute the tax estimate. The software takes the contract’s assessed (depreciated) value and then multiplies that value by the tax jurisdictions’ previous year’s tax rate. If PEAC Solutions has an actual tax assessment on file for the equipment, the rate used is 90% of the prior year’s assessment or 80% of two years prior.
Under the terms of the lease agreement, the lessee agreed to reimburse PEAC Solutions for any such t...
Each taxing jurisdiction has a different lien date or fiscal start date for the year. There are 4 di...
Under the terms of the lease, a lessee is reimbursing PEAC Solutions for property taxes paid on the ...
A true-up is when PEAC Solutions reconciles the estimated taxes paid by the lessee to the actual tax...
The property tax true-up is the reconciliation of actual property taxes paid by PEAC Solutions on th...
PEAC Solutions, as the owner of the leased equipment, is required to report all leased equipment, ev...
Other companies do charge their customers taxes usually by building the cost into the lease factor r...
The property tax bill PEAC Solutions receives contains information on all leased equipment in a give...
Each jurisdiction that collects personal property taxes, taxes the owner of the equipment. PEAC Solu...
PEAC Solutions, as the owner of the leased equipment, is required to report all leased equipment, ev...
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