Property tax audits are becoming more common as local jurisdictions seek additional revenue and leverage improved technology to identify non-filers and reporting discrepancies. As audit activity increases, businesses face heightened scrutiny around asset reporting, leasehold improvements, expensed assets and other areas that can create significant exposure if not properly managed.
In this episode of Cherry Bekaert's Tax Services Podcast, Property Tax Director, Stephen Bell, and Property Tax Manager, Cynthia Plummer, discuss the growing trend of property tax audits and share practical guidance to help organizations prepare. Drawing on decades of experience advising businesses across industries, Stephen and Cynthia explore why audit activity is increasing, which industries are most likely to be targeted, and the common triggers that prompt taxing authorities to take a closer look.
Whether your organization manages property tax filings in a single jurisdiction or across multiple states, this episode offers valuable insights to help you proactively prepare for audits, minimize risk, and identify opportunities to improve property tax compliance and reporting accuracy.
If your organization is facing a property tax audit, managing compliance across multiple jurisdictions or evaluating potential reporting risks, Cherry Bekaert's Property Tax team can help.
Our professionals work with businesses across industries to navigate audit challenges, strengthen compliance processes and identify opportunities to reduce property tax exposure.
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