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Home > Manage Your Account > Tax Forms & FAQs > Property Tax FAQs > Where can I get an interest statement for YE tax reporting (year-end balance)?

Where can I get an interest statement for YE tax reporting (year-end balance)?

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If PEAC Solutions owns the equipment, why does the lessee have to pay property taxes?

Under the terms of the lease agreement, the lessee agreed to reimburse PEAC Solutions for any such t...

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Why is the lessee billed for property taxes when the lessee did not own the equipment for a full year?

Each taxing jurisdiction has a different lien date or fiscal start date for the year. There are 4 di...

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Why is there sales tax on property tax?

Under the terms of the lease, a lessee is reimbursing PEAC Solutions for property taxes paid on the ...

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What is a tax true-up?

A true-up is when PEAC Solutions reconciles the estimated taxes paid by the lessee to the actual tax...

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Why is the lessee billed or refunded for a property tax true-up?

The property tax true-up is the reconciliation of actual property taxes paid by PEAC Solutions on th...

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Who is the legal owner of my leased equipment, and who pays business personal property taxes on it?

PEAC Solutions, as the owner of the leased equipment, is required to report all leased equipment, ev...

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Why does PEAC Solutions charge taxes when other leasing companies do not? 

Other companies do charge their customers taxes usually by building the cost into the lease factor r...

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Can PEAC Solutions fax or mail me a copy of the actual tax bill?

The property tax bill PEAC Solutions receives contains information on all leased equipment in a give...

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How does PEAC Solutions calculate the tax estimate?

PEAC Solutions uses tax software that is used by many leasing companies to compute the tax estimate....

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Why is the lessee billed taxes on a lease?

Each jurisdiction that collects personal property taxes, taxes the owner of the equipment. PEAC Solu...

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Why was I charged sales tax even with an exemption certificate?

PEAC Solutions, as the owner of the leased equipment, is required to report all leased equipment, ev...

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PEAC™ IS A TRADEMARK OF MARLIN LEASING CORPORATION®. ALL RIGHTS RESERVED.
Equipment Financing is provided by Marlin Leasing Corporation. Working Capital Loans are originated by WebBank.