Ask Experts Questions for FREE Help !
Ask
    BillandJoAnnGreen's Avatar
    BillandJoAnnGreen Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 26, 2006, 04:00 PM
    Tax deeds vs tax leins
    What is the difference in purchasing a tax deed or a property that has a tax lien?
    FLInvestor's Avatar
    FLInvestor Posts: 7, Reputation: 1
    New Member
    		  
    #2

    Mar 8, 2007, 02:00 PM
    Did you purchase this property without any Title Insurance? The lien should have been satisfied prior. Take this for what it is worth... if you purchased property that has a tax lien that was not satisfied, then your property has a tax lien.

    A tax deed is when a person(s) have not paid there property taxes and that property was auctioned to another. Depending on the state, because they are different, that tax deed is ownership of that property.

    HTH,

    Matt
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Paycheck without Tax Withholding, how can I pay the tax? (Chinese F1 student on CPT) [ 8 Answers ]

I am currently doing an intern holding F-1 visa and on CPT in New York state. My employer didn’t withhold any tax from my paycheck. She said I am treated as an independent contractor. My income in the CPT period will be $4800, according to 1040-ES (NR), the tax will be $4800*10%=480, which is...

Help me compute US tax liaibility after foreign tax credit [ 2 Answers ]

:eek: A us company Frank expand with a new co (Ana) formation into a foreign host company with a 20% tax on corporate income within its borders. At the end of its fourth yr of operations the foreign corp Ana distributes $100,000 to Frank from its earning and progits previously taxes by the host...

Social security tax and medical tax [ 1 Answers ]

Hi The following is my visa status I came to us in aug 2002 under f1 visa and started my opt feb 2005 and I changed my visa to h1b (oct 2005). After going through the IRS website , I came to a conclusion that I am a non resident alien. So I decided to go with 1040NR-EZ. Now I have a...

F1OPT -> H1, tax form and tax treaty [ 1 Answers ]

Hi, I was on F1 from 1998 to 2004, F1 OPT from July 2004 - July 2005, and H1 since July 2005. I'm working at the same job since my F1 OPT (so I have one W-2 form). In 2005, I was in the US with H1-B for less than 183 days, but I have been hear long enough with F1 visa, so I don't know if 1. I...

Business Tax - Tax to Book adjustments [ 3 Answers ]

Hello My C Corp company is completing the 1120 and I am working on the book to tax differences, specifically the unpaid accrual 75 days after year end. My accountant has recorded a few activities to the accrual ledger accounts which I believe should NOT be considered as a tax adjustment. ...

View more questions Search