A global aluminum supplier and manufacturer, handling processes such as smelting, casting, and rolling.
The expected life of certain types of property affect how it should be assessed. On certain equipment, this factor was not considered on the initial personal property returns that were filed by a prior preparer.
Altus Group identified several arguments for tax reduction including the reclassification of assets to more appropriate life tables, depreciation adjustments on specific equipment, and identifying idle equipment. This resulted in $150,000 of tax savings for the client.