Exempt Equipment Findings Eliminate 89% of Tax Liability

Kentucky Metals Manufacturer

A Kentucky metals manufacturer engaged INTAX to appeal an audit assessment that resulted in an additional tax liability of more than $1,900,000. We identified a significant portion of the assets that were misclassified by the auditor as non-manufacturing. In addition, we proposed an alternative methodology of calculating the value of inventories and supplies on hand. All positions were eventually accepted by the jurisdiction. Total personal property tax savings for all years under audit exceeded $1,700,000.