A true-up is when PEAC Solutions reconciles the estimated taxes paid by the lessee to the actual tax billed by the tax jurisdiction. If the lessee overpaid the taxes, they will receive a credit, via check. If the lessee underpaid, PEAC Solutions will invoice the difference. This is standard practice with leasing companies.
Under the terms of the lease agreement, the lessee agreed to reimburse PEAC Solutions for any such t...
Each taxing jurisdiction has a different lien date or fiscal start date for the year. There are 4 di...
Under the terms of the lease, a lessee is reimbursing PEAC Solutions for property taxes paid on the ...
The property tax true-up is the reconciliation of actual property taxes paid by PEAC Solutions on th...
PEAC Solutions, as the owner of the leased equipment, is required to report all leased equipment, ev...
Other companies do charge their customers taxes usually by building the cost into the lease factor r...
The property tax bill PEAC Solutions receives contains information on all leased equipment in a give...
PEAC Solutions uses tax software that is used by many leasing companies to compute the tax estimate....
Each jurisdiction that collects personal property taxes, taxes the owner of the equipment. PEAC Solu...
PEAC Solutions, as the owner of the leased equipment, is required to report all leased equipment, ev...
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