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Case Studies:  Tax Minimization & Recovery
Business Personal Property Tax

Understanding of the Valuation Process and Relationship with Appraisal District Enables OSG to Negotiate Tax Reduction of 84% and Saves Company Over $50,000

Industry:  Distribution
Client Profile:  Automotive Parts Distributor.

The Challenge
An Automotive Parts Distributor evaluated its accounting records and filed its Business Personal Property Tax Return. The company believed the appraisal district was grossly inflating the value of its inventory and fixed assets and was unsuccessful in negotiating a lower market value with the assessors’ office.

The Solution
OSG negotiated with the assessors’ office a method for valuing the company’s inventory and an accelerated method for depreciating the companies fixed assets. OSG was able to accomplish the tax savings by having a good understanding of the valuation process.

The Results
OSG generated over $50,000 in tax savings by reducing the company’s tax liability 84%.
 

OSG can minimize your tax liabilities and streamline your business practices.

OSG can minimize your tax liabilities and streamline your business practices.

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