Printer Friendly
The Free Library
23,375,127 articles and books


Tax Compliance Inc.

Tax Compliance Inc. has released its Property Tax Management System (PTMS) version 3.4, which includes a completely redesigned, comprehensive real property tax module. New PTMS real property features enable corporate tax departments to establish the fair market value of their property, manage appeals, track the productivity of their property tax consultants, create and accrue tax estimates and process their property tax bills.

By combining the functionality of its new real property tax module with the personal property tax functionality of PTMS, TCI "has created a versatile and affordable property tax software solution for both personal and real property tax management," the company said in an announcement. PTMS offers user-controlled in-house and remote access and is also available on an outsourced basis through any of the more than 30 property tax outsource providers that use PTMS as their production tool.

PTMS 3.4 provides a variety of options for determining fair market value for real property. Commercially available data on an unlimited number of comparable properties ("comps") can be linked to a parcel, allowing the user to compare and analyze property values on a per-unit basis--such as building value in dollars per square foot, land value in dollars per acre, etc. In addition, PTMS displays the assessor's current assessment of property value, along with a multi-year tax history to identify possible overvaluations.

A sophisticated appeal management tool has also been included. PTMS tracks every step of the process from initial assessment to final determination of value.

The latest release also enhances tax estimate and accrual functionality. Tax estimates are calculated based on the user's opinion of value or the prior year's final value. Each estimate is segmented to accommodate each company's unique preferences. When a tax bill is processed, PTMS reconciles the accrued tax estimate with the actual tax amount and automatically makes any necessary adjustments.

TCI claims to have more than 500 customers, including scores of Fortune 500 corporations.

Web: www.taxcomp.com
COPYRIGHT 2005 Financial Executives International
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:tax software
Publication:Financial Executive
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 1, 2005
Words:324
Previous Article:Taxware.
Next Article:Cognos.
Topics:



Related Articles
Decision support software for tax.
Was it something we said? The government's defensive reply to TEI's amicus brief in Mead strikes a nerve.
Deloitte & Touche Tax Technologies LLC. (Tax Compliance).
Smart stops on the Web .
Illinois's new tax shelter rules.
2005 promises to be a year of challenge and opportunity.
Charlotte Cuno, et al., Plaintiffs-Appellants v. DaimlerChrysler Corp., et al., Defendants-Appellees: on appeal from the United States District Court...
Is outsourcing property tax compliance right for you?
Thomson Tax & Accounting.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters