Tax & Accounting Blog

Do You Know Your Assets?

Blog, ONESOURCE Property Tax January 3, 2014

uncertainty

Did you know that some states treat your assets differently if you are in specific industries?  For example, in California, if you are in the banking industry, only your banking assets are Reportable/Taxable, while all other assets are Not Reportable/Not Taxable. There are many states or specific jurisdictions where industry-specific forms, trend factor tables, or reportability/taxability rules apply.

For more detailed information you can visit state sites such as http://www.boe.ca.gov/proptaxes/proptax.htm or visit Thomson Reuters https://tax.thomsonreuters.com/products/brands/onesource/contact and discover how easy it is to streamline the process.