Government Tax Lien Properties
Learn How to Make a Tax Lien Purchase
Steve Parker asked: You need to remember whenever buying tax lien certificates at a tax auction; it is very important to understanding how the purchase works before you arrive to make the bid. An auction for tax lien properties usually requires a ten percent deposit in the form of a certified check. When most bidders [...]
How To Remove Federal IRS Tax Liens
Neil Lemons asked: The IRS has wide powers of collection of tax. One of the first things they do is to file a lien. Actually, by law, lien attaches to all the properties of the tax payer once a federal tax demand is raised. What this means is that the IRS has a right over [...]
Opportunities in Government Tax Foreclosures
Gen Wright asked: Are you searching for a new home, a vacation home, a rental property or a house to flip? If so, the ideal place to begin such a search is through government tax foreclosures. There are an abundant number of large and expansive houses throughout the country just waiting for the opportune investor [...]
Buying Cheap Properties at Government Seized and Surplus Auctions
Andrew Bicknell asked: It’s hard to find anyone who doesn’t want to save money when buying big ticket items. There is no better feeling then buying a new car or a piece of real estate and knowing you got a great deal. If you are one of these bargain loving individuals then government seized and [...]
The Vital Topic of Liens in Real Estate
Jack Sternberg asked: A lien is defined as a claim against a property for repayment of a loan or other judgments.This sounds like a very boring topic, but it’s one of vital interest to you as an investor. This is because of one very important fact–a lien affects the ability to transfer ownership of a [...]
What is a Federal Tax Lien
macky note asked: The Federal Tax Lien is a public document that confirms the claim of United States in the title, right and interest of the taxpayer’s assets. Where this document is kept depends on the law locally, either at the County clerk’s office or at the Secretary of State’s office.The Federal Tax Lien is [...]
Delay Capital Gains on Investment Property and Rentals: Irc Code Section 1033: Involuntary Conversions
Christy Pinheiro, EA asked: Delay Capital Gains on Investment Property and Rentals: IRC Code Section1033: Involuntary ConversionsSection 1033 of the Internal Revenue Code is a godsend to taxpayers and investors who are struggling with gain from an involuntary conversion. It is a way to defer gain for years, and then re-invest all the gain in [...]
Must Known Facts About Tax Liens
mike asked: A tax lien is a legal claim filed in court by a government agency against a person or business owing taxes. Tax liens normally attach to money or property to pay the taxes. A list of tax liens properties on which the taxes has not been paid are kept at the county courthouse [...]
The Difference Between a Tax Lien and a Tax Levy
Roni Deutch asked: An IRS tax lien is the federal government’s right to ensure payment of owed taxes by allowing them to place a secured debt on a negligent taxpayer’s property. Tax liens often result because of delinquent taxes and can be placed on real property or personal property. Typically, they act almost as a [...]
Can You Get A Good Deal At A Government Seized Car Auction?
David Maillie asked: For years we have seen countless TV ads and even received mailings telling of fortunes that could easily be made buying cars and other expensive items for pennies on the dollar at local government seized auto auctions. According to the ads and mailings the government needs to sell cars and luxury items, [...]
