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I had a list of properties before , where you can pay off the taxes owed on that property to the IRS and buy the property. Does anybody know what i am talking about?
I’m an experienced foreclosure investor, and generally know the risks of buying foreclosed properties at auction. However, there is a property I’d like to purchase that has a substantial tax lien attached to it, and I’m not sure how much I should take that into consideration. Exactly how often does the IRS exercise its redemption rights in foreclosed properties? Are there any particular factors that make the IRS more inclined to redeem a particular property?
My husband got this certificate. From his first marriage, he came with these tax debts. He just finished paying one of them (dont know how much).
The certificate says: "this office certifies that the taxpayer, under section 6325 of IRS has satisfied the taxes listed below and all statutory additions. Therefore, the lien provided by Code section 6321 for these taxes and additions has been released. The proper officer in the office where the notice of internal revenue tax lien was filed on -may 15, 2002-, is authorized to note the books to show the release of this lien for these taxes and additions."
Also, the certif shows below that the UNPAID balance of assessment is @ ,000, and the last day for refiling is @ 2012.
I am confused. what is it all about? does he have to pay this, and if yes, in how long? does this affect credit score?
i have a property and the irs placed a lien on it against my husband SS#. He is not an owner of the house because it is only under my name and my sister-in-law’s name. He is not even in the title. How can get the lien off.
the property tax lien is with the IRS and the house has been sold, so did the new buyer pay that tax lien in the sale?
I know that whatever profit there is on the sale would first go to the IRS toward the tax lien, but I am not sure how the tax lien will affect the sale. By the way, after selling the property the tax lien will not be totally paid off. All of the money from the sale will go toward the lien and it won’t be enough to pay the entire debt. Does that effect the sale?Will it take longer to close the deal? does the IRS have to sign off on it? How does it affect the marketing of the property and does it affect the buyer in any way?
I am handicapped and on a disability pension. I do not wish to be on this forever as I hate depending on the gov for funds. So i’d like to invest now since i am young but as it turns out I am not allowed to own more than 2k of any investments or they cut me.. which is hardly a strong foundation to survive on the profits of. =(
I’ve been studying different markets; stocks, realestate, bonds, tax liens but it seems the IRS would always know what i’m doing even if i didn’t report. And I dont really want to do anything illegal but I also do not want them in my business if i can invest in territory that they have no control over.
So i thought that they couldn’t possibly watch over everything..
Yes, I know i’m really suppose to report every little dime I earn from anything and everything, from any location but I look at it as a don’t-ask-don’t-tell.
The only thing i can think of is maybe some stock markets in other places of the world have markets in countries that dont report?
I purchased a property 7 years ago and have never been late on my mortgage, insurance or my city taxes. I have no other liens and this is not an IRS or federal issue at all. An investor bought a tax lien certificate from my county from taxes that I didn’t realize I owed. I moved out of state shortly after purchasing the property and never received anything from the county in 7 years. Now I am getting a letter from the investor’s attorney that I owe approx 6 times what my normal tax bill amount is (after adding interest and fees). The property is actually in a real bad neighborhood and needs a ton of work and I have not been able to sell it now and I’ve been trying for 6 years. I still owe about ,000 but if they were to foreclose and auction it I doubt they would get more than a couple thousand for it.
My question is 1st of all, can they foreclose on it and if they do, can I buy it back for let’s say ,000 plus pay off the tax lien, and save myself over ,000 plus interest in the long run? If they go along with this scenario would it be legal?
It has been over 2 years since the tax lien certificatge was sold and I can no longer pay the county because my delinquent taxes were paid off by the 3rd party investor. I don’t owe the county anymore and I’m current except for that one year (2002).
I received a certified letter from the irs. One page has Notice of tax lien filing and your right to a hearing under irc 6320. And another page that says with respect to each assessment below unless notice of lien is refiled by the date in column(s) this notice shall constitute the certificate of release of lien as defined in IRC 6325(a). Can someone explain this in layman terms.
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