Posts Tagged ‘Tax Lien’
Tuesday, December 28th, 2010
`Grotesque’ Basel Rules May Kill Denmark’s Mortgage Bonds: Credit Markets
Denmark says the Basel Committee on Banking Supervision’s rules will force the country’s lenders to dump top-rated mortgage debt to meet new requirements on holdings and may destroy the world’s third-biggest covered-bond market.
Read more on Bloomberg
Tags: Basel Committee On Banking Supervision, Bloomberg, Bond Market, Covered Bond, Credit Markets, Denmark, Investor, Investor News, Lastest, Lenders, Lien, Mortgage Bonds, Mortgage Debt, News, Sell, Tax Lien
Posted in Sell The Tax Lien To An Investor | No Comments »
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!
Tags: accrue, After, American Business, Arkansas State, business, Business Sales, Business Tax, Cyst, filed, interest, Lien, Payment Date, Payment Penalties, Proof, Reason, Sales, Sales Tax, State, State Question, Tax Interest, Tax Lien, Tax Return, Truth Justice And The American Way, Tubes, Unpaid Interest
Posted in Tax Lien Sales | 2 Comments »
Saturday, January 23rd, 2010
In April I went to a tax sale in New Jersey. Here?s what I noticed at this tax sale. There were more properties available than last year, but there were also more bidders. A couple of institutional buyers showed up who don?t normally come to this particular tax sale. At least they weren?t there in 2007 and 2008. And there were also a couple of new companies that I haven?t seen before, after talking to them I learned that one of these companies just started earlier this year and the other is into tax lien investing again after being away from it for a few years. There were also a couple of new investors just checking on what this tax lien investing thing is all about as well as the usual crowd.Most of the ?good? properties ? by good, I mean safe properties, properties that you know are going to redeem and have a decent looking structure on them, went at premium, except for one that went for 1%. There were a few parcels of vacant land and one trailer that went from 17% to 18% and there were a few pieces of undesirable vacant land that went to the township. There was one very large lien (over $60,000) that originally was struck off to the township, but one of the investors got it at 18% after the tax sale. It was a corner lot with some old barns on it.I went to this sale in order to pay the subsequent taxes on two of my liens to keep them out of the tax sale, and to see if I could pick up another lien. I was able to get a lien on a nice building lot for 18%. The lien was for around $2600.
Tags: April, Bidders, Building Lot, Crowd, Field, From, Institutional Buyers, Investing, Investors, Lien, Old Barns, One Trailer, Parcels, Pay Taxes, Tax Lien, Vacant Land
Posted in Tax Lien Sales | No Comments »
Friday, December 25th, 2009
Does anyone know how I can find out about buying a tax lien foreclosure house, particularly in california?
Tags: About, Buying House, Find, Foreclosure, Foreclosure House, Foreclosure Sales, Lien, Sales, Tax Foreclosure, Tax Lien
Posted in Tax Lien Sales | 1 Comment »
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?
Tags: Accounts, After, Bank, Bank Accounts, Credit Card, Lien, Long, Money, Outstanding, Sales, Sales Tax, State, State Bank, Tax Lien, They, Unfreeze
Posted in Tax Lien Sales | 2 Comments »