Posts Tagged ‘Sales Tax’

Does a business sales tax lien accrue interest after it is filed with the state?

Tuesday, December 28th, 2010

Question by Truth, Justice and the American Way: Does a business sales tax lien accrue interest after it is filed with the state?
Our business went down the tubes and we owed sales tax in Arkansas; the state filed a lien against me…is this still accumulating interest? I paid the original amount and asked to be forgiven the interest and penalty, never heard a word from them and after checking with the courthouse they never received notice from the state on any payment.

Best answer:

Answer by Bash Limpbutt’s Oozing Cyst©
Interest has been accumulating from the date that the sales tax return was due until the tax was paid. If you paid only the tax, interest would continue to accrue on any unpaid interest and penalties.

If there’s no record of the payment, check with your bank and pull a copy of paid check. The state will accept that as proof of payment and adjust whatever you owe to the date of that payment.

Penalties can sometimes be waived if there’s a compelling reason, however interest would only be waived (actually abated) if the payment date was wrong.

Know better? Leave your own answer in the comments!

Tax lien sales
shock, dismay

Tuesday, December 28th, 2010

Tax lien sales
shock, dismay
Tax lien sales
shock, dismay
Read more on Atlanta Journal-Constitution

U.S. Consumer Confidence Deteriorated in December
Separately, the latest housing report showed that prices in 20 major cities declined 1 percent in October, faster than the 0.6 percent drop expected.
Read more on New York Times

Consumer confidence slips as home prices decline
Consumer confidence unexpectedly deteriorated in December, while prices of U.S. single-family homes fell almost double the expected pace in October, tempering growing optimism on the economy’s recovery.
Read more on Reuters via Yahoo! News

U.S. consumer confidence slips as home prices decline
U.S. consumer confidence unexpectedly deteriorated in December, while prices of U.S. single-family homes fell almost double the expected pace in October, tempering growing optimism on the economy’s recovery.
Read more on Reuters via Yahoo! News

Finding A Home for Your Family By Tax Lien Listings

Sunday, January 17th, 2010

All of us would like to provide shelter and protection for our family. For us to be able to do this, our first consideration is to find a good place that can be our family?s home or haven. We want to have our very own place where we can spend and cherish the happy moments with our families. Finding the home deserved by you and your family can be easily located through different tax lien listing websites. In these sites, you can find great lists of tax lien properties as well as government tax sale properties.

Buying tax lien properties as well as government tax sale properties is more advantageous to get. They are a lot cheaper compared to the regular properties for sale. This is really a great opportunity for everyone who wants to save when buying lots and houses. To maximize your search when buying properties, look for the best tax lien listings which gives complete coverage of various private and government deed sales, auctioned properties, tax lien and many more, you can surely have a good selection to pick the best.

Did you hear about the sub-prime foreclosure issues these days? It can give you more property selections for sure.

Buying A Tax Lien Certificate

Tuesday, January 5th, 2010

There are two sorts of property tax sales.

In a tax lien sale, the tax authority, usually the county, offers its right to the lien on the property for sale.

Tax Deed Sales Vs Tax Lien Sales, A Rundown Anyone?

Saturday, January 2nd, 2010

I am a newbie investor in Chicago. The Cook County annual tax sale is in progress and I would like to look on only this year. Can anyone give the basics as above, and also anyone made any money from buying these?

Should I Invest In Tax Lien Sales?

Friday, January 1st, 2010

are these tax lien sales worth investing in and can i make some good money doing it?

How Long After I Pay An Outstanding Sales Tax Lien In Ny State Will They Un-freeze My Bank Accounts?

Monday, December 14th, 2009

They filed a tax lien against me about 30 days ago and now they have frozen my bank accounts. I am literally without any access to my money at all. I will have to put the entire payment of $7000 on a credit card. How long until they relinquish my funds in the bank?