Tax Assessment


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Tax Assessment

The determination of how much a person or company owes in taxes. One usually determines one's own tax assessment by declaring one's income and capital gains from the previous year and applying the methodology the government requires to arrive at the tax liability. The government has the right to audit any tax assessment.
References in periodicals archive ?
Annually reviewing real estate tax assessments can lead to reducing them.
One Lower-profile aspect of these cases is that they arise not only in the traditional area of government procurement, but also in the arenas of customs duties, tax assessments, and tax controversies.
Whether personal property return forms are prepared by an outside accountant or service bureau, steps can be taken to reduce annual personal property tax assessments.
In facing these challenges, owners and managers of commercial property would be wise to evaluate their tax assessments and to consider reaching out to their local assessors in the hopes of reducing their property tax bill.
We pick up the difference," snaps homeowner Judy Rosenfeld, who has watched her tax assessment shoot up 216 percent in four years while numerous office buildings around her talked their way into rollbacks.
Every commercial and apartment property owner or manager should review their tax assessments annually to avoid missing out on substantial property tax refunds," Sullivan said.
DENSO, dissatisfied with the supplementary tax assessment order, filed an objection with the tax authorities on Aug.
61bn the previous year, totalling 66% of previous tax assessment figures of EGP 47.
Liebman's client sought to correct eight years of inaccurate tax assessment.
Heale has worked with a number of small businesses in Espanola to deal with tax assessments, and frequently battles bureaucrats from the Municipal Property Assessment Corp.
Fior's position is that the aggregate-tip reporting method employed by the IRS does not identify the individuals who received wages; therefore, it had no way of disputing the calculation of the tax assessment.
The misclassification resulted in a $28,000 tax assessment against the taxpayer.