Category: Ad Valorem Tax Filing

Ad Valorem Tax Filing

Ad Valorem Tax Filing

For those jurisdictions having taxing authority, an annual Ad Valorem tax return will be filed.  RAS will assist in the development of the fleet valuation. The mileage reported to the various jurisdictions by the railroads will be verified for accuracy using data collected with our Mileage Collection and Accounting service. Data for idle railcars can be used for potential assessment reductions. Maintenance dollars incurred in certain states can also be used as tax credits.

After the return has been filed, taxation notices will be reviewed.  If there is a dispute in the amount of taxation, RAS will, at the car owner’s request and expense, protest the tax assessment. Tax assessments which are verified as accurate and complete will be forwarded to the car owner for payment, or may be paid directly by RAS.

Tax Assessment Monitoring

Tax Assessment Monitoring

Taxes are regular and unending. With RAS managing the fleet and mileage data on your behalf, we can make predictions as to the upcoming taxes that you will be assessed. No longer will the actual charges of the taxman blindside you!

Return Filing

File Return with Taxing Entities

RAS can handle the filing process from A to Z, saving the filer time and headaches.

Tax Bill Payments

Pay Tax Bills

Only two things are certain in life: death and taxes. With RAS you can mitigate your need to interact with tax bills, giving you time to focus on the larger picture.

Fleet Valuation

Develop Fleet Evaluation

Ad Valorem Taxes are determined through very particular methods of rolling stock evaluation.

Mileage Data/Report Preparation

Develop Mileage Data

Mileage data is sent from the railroads, via railinc, month-by-month. RAS handles all of this data keeping it in one readily available repository to be queried as-needed.