A nationwide health care chain engaged PVS to file the business personal property tax return for a Missouri hospital. In reviewing their prior-year return, PVS identified a double taxation issue with their capital leases.
The forensic effort to audit the trail that prompted the collector to tax both the lessee and the lessor along with finding the documentation to prove the double taxation was extensive. This research was necessary to confirm that the select pieces of equipment were, in fact, being taxed twice.
PVS analyzed the lease agreements, pass-throughtax reimbursement invoices and tax bills from the previous calendar year and identified assets that were assessed to both parties and prepared refund requests for the taxes that were paid by the taxpayer.
