how do you buy tax sale properties?
90353
Clerk of courts can tell you when auctions are to be held.You'd want to go look at properties first .You can get the list then look for it on a map in courthouse.We bought a city lot for $200 this way.
1107621
The easiest way to buy a business is through a business broker.  They act as a "real estate agent" type role like when you buy a home.  They take a 10% cut from the seller.\n\nI don't know if you are in Fayetteville Arkansas or North Carolina or another state, but if you give me 10 points I can point you in the right direction.
347180
you can google for tax reposessions, it will sort them according to state. There are usually onle a few auctions per year, while they are open to the public they are not highly advertised. A lot of websites will charge you money to the information, as long as you have a credible site you should be safe. \n\nalso, a good real estate agent and help you find listsings to HUD houses. those are forclosures.
948661
They should set a sale date and location.  You show up and bid (if there are other bidders).  They usually require a 10% deposit at the sale and then give you either 10 or 30 days to pay the balance.  This is how I bought my house when it was in foreclosure and I believe that delinquent tax sales are handled the same way.
311478
You need to get a tax clearance letter from each state that the business pays sales tax to.  You also want the current owner to take responsibility for any open tax liabilities - payroll, sales, income - that the business has.  The current owner should put it in writing and have your lawyer make sure that it is enforceable.  \n\nBuy the assets of the business and not the stock or name of the business.  Register your business separately with your state's tax department.\n\nThese are only tax related things to ask.  There are hundreds of other things to consider when buying a business.
812345
I'm just going off the top of my head here without looking anything up, so just use my answer as a guide and not fact.  (Because staring at the code is factual, but sometimes doesn't get you very far in thought.)\n\nThe rental property.  Chop this up into three components - land, building and personal property.\n\nLand, as you know, is not depreciable.  But it should be listed as a separate component of the sale.  \nThe building is depreciable, but will also be under an additional code section, 1250.\n\nThe general rule starts with section 1231 property.  Then, depending on what it is, it might ALSO be 1245 property or 1250 property.  But just to keep things simple, think 1245 = equipment and 1250=buildings.\n\nBoth 1245 and 1250 pretty much say this: When you sell the asset, the amount over adjusted basis, up to the extent of depreciation taken, is ordinary gain.\n\nFor example.  I bought a piece of equipment a few years back for 10,000.  Tuesday, when I sold it, it had a tax adjusted basis of 1,000 (10,000 historical value less 9,000 of accumulated tax depreciation taken).  I collected 5,000.  In this case, ALL of my 4,000 gain (5,000 sales price less 1,000 adjusted basis) will be ordinary income.  \nLet's say I sold it for 12,000.  9,000 of my gain would be ordinary and 3,000 capital gains.  \nNow I'm babbling.  But in a nutshell, you are recapturing the depreciation expense at ordinary, just like you took the expense (over time).\n1250 for buildings has something similar, but not many have that issue anymore (unless they were purchased over a decade ago or so).  There is some special additional tax on the gain or special rate.\nBut the losses are ordinary, thankfully.\nAnd I feel like I'm getting off track here, but I'm trying.  :)\n\nBut onto the land.  It depends.  And perhaps this is where saying more info is needed might help.\nIf this is a separate piece of land accounted for seperately and Mary can prove that she wasn't going to improve anything, then there might be support for the claim that it is a capital asset and the gains are capital.\nHowever, that would be really agressive to me considering it saysing "holding for future development" and if there has been anything substantial done to the property.\nIn short, you will want to check out code section 1237 for reference too although it doesn't exactly fit your problem.\n\nAnd last but not least, I'll clog this answer with an Explanation nabbed from my own stuff.  Good luck on your research and forgive me for such a lengthy answer.  Usually I hate stuffed answers.  Cheers!\n\nReal property produces capital gain or loss on its sale or exchange if it's a capital asset. The main reasons for the exclusion of real property from the capital asset category are (1) that it's property held by the taxpayer primarily for sale to customers in the ordinary course of his business, and (2) that it's real property used in his business. Code Sec. 1221(a)(1) , Code Sec. 1221(a)(2) . However, the sale or exchange of real property used in a business (including rental realty), or the involuntary conversion of such property or real property that is a capital asset, can produce a Code Sec. 1231 gain or loss. \n\nThe fact that real property is held primarily for sale to customers in the ordinary course of a taxpayer's business precludes it from being either a capital asset or a Code Sec. 1231 asset (business-use property). Code Sec. 1221(a)(1) ; Code Sec. 1231(b)(1)(B) . The factual question of whether real property was so held gave rise to intensive litigation. Cases decided under Code Sec. 1231 are covered as part of the question of what property is used in a business. Decisions delineating property that is a capital asset are covered in this subdivision. The special rules of Code Sec. 1237 , allow taxpayers other than C corporations to obtain limited capital gain as to property subdivided for sale under certain circumstance
518187
go get them by urself or ask someone, i hate taxes so always i avoid that even if ist illegal
894503
This is a complicated question. A lot of variables go into determining the tax due on any real estate sale. Check out the site below. It should help you figure the tax due on your property.\n\nhttp://tax.cchgroup.com/FocusOnTax/2005-10/Real_Estate_Sales_and_Exchanges.pdf#search='tax%20sale%20of%20real%20estate%20texas'
658675
ok, you need to get the records from the court houses from the counties that you are interested in buying from. the records you need are the delinquent taxes. you then pay the taxes and this is a lien on the property. you can name the interest on the money if they pay you back or you own the property.  you may want to also seek some legal advice on this matter before you get too involved so you are doing this right.\n\nthere is also a list of propetties in the newspapers around tax time.
887319
In my county, they hold a tax sale on a certain date after the last tax payment is due (usually it's a month after the 2nd installment was due)...and...you have 3 years to redeem your taxes (plus interest plus fees, it's not too much actually)---if in that 3 years you do NOT redeem your taxes, then the creep that "bought" your taxes PAYS your taxes and THEY OWN YOUR PROPERTY!\nWord from the wise: DO NOT fall for any "we'll pay your taxes for you" mortages, or services, etc. These are all scams. If it sounds too good to be true..>IT IS<!!!
1030996
1) Yes\n2) The easiest way would be to rent your property to a Non Resident Alien and he will pay with CASH and you don't have to report anything.\n\nI asume you mean a house.\nIf you are buying commercial property then you won't be able to do it that way unless the business owner is also a Non Resident Alien.\n\nWhere is your property? (State)\nThe laws are not the same everywhere.\n\nTop 3 Answerer in Business & Finance. (Vote for me)
253774
simply write to that county. in my county it is accessor office. \n\n\nyou are asking question for yourself, you are late on taxes? \nfind way to pay them, cost you more down road. get loan, start selling, put money down, keep interest low,every month you don't show money on real estate taxes, goes up more, not like irs, does go up, make money problem WORSE, you don't want that.\ngood luck
904187
There many ways of doing this. When a business go out of business many times their stock is sold at Auction to liquidate debt. This a good way to buy items that are New. They may Auction in Lot Size, so you may have to bid on 5-10 MP3 players at a time (MP3 is an example), say they sell for $100, you may get them for $20 but have to bid on 10-50 at one time to do this.\nBuy from the company, you need to be a Business. A sole proprietorship is easy and you Social Security number is your tax I.D. in most cases. To buy Wholesale you need your business license which you get from your State Revenue Office, if I remember correct. It just a paper you hang on the wall with your company name (Go to a small business and ask to see theirs and they show you) You send a copy of this to the Wholesalers you buy from so they have it on record. They sell to you wholesale and tax free.\nThere other means of obtaining products, this just a few. There really too much to be able to cover here.
813670
I am also a seniour citizen.  My investment is in property only.  My strong advise is not to sell the flat unless you are badly in need of money.  The value of properties are going up and up daily.  If you sell now, you cannot buy it again.  Selling property and paying capital gains is all waste.\n\nIf you have to sell your property, and if you happend to pay tax, to avoid paying tax he has to invest the profit in capital gain bonds. If your father has no other income, then you can deduct Rs.1.85 lakhs from the profit. Say indexation profit is 3 lakhs. less 1.85 lakhs rebate to >65 years old people. Your net profit on which you have to pay tax @20% is Rs.1.15 lakhs.)\n\nWhat Mr.Rupin sain in his above answer is partly not correct.  For the purpose of Long Term Capital Gains on Property, you have to go indexation only and no other methos. (The other method of 10% is only for mutual fund units.) Mr.Rupin said two methods.  No two methods. Only one method for property that is indexation and 20% tax.\n\nI have given the below answer to a question about long term capital gains of a property.  Follow this.  This will give you how to calculate the tax.  About 20 years back say during 1985-86 the indexation was 133.  For 2005-06 it is 497. \n \nCost if Indexation is only for the purpose of calculating Long Term Capital Gains. Listed/shares sold in Indian Stock Exchanges are free from payment of Tax, if they are sold after 12 months of purchase. Other properties will be treated as Long Term Cap. Gains if they were sold after 36 months. For this, the indexation cost will apply and the income tax on this income is @20% flat rate. \n\nExample:\nOn 17.9.1982 your have purchased a house plot for Rs.10,000/-. That is in the FY:1982-1983. The Cost of inflation index for that year was 109;\n\nOn 16-11-2005 you have sold the same for Rs.8,00,000. The financial year is 05-06 and the inflation index for that year was 497.\n\nYour actual gain is (8,00,000-10,000) Rs.7,90,000/- \n\nYour actual cost of the house site is Rs.10,000\n\nYour inflation indexation cost is 10,000 x 497/109= Rs.45,596/-\n\nYour inflation indexation gain is Rs.8,00,000-45,596= Rs.7,54,404. \n\nThe tax on it will be Rs.1,50,881+ED2%. \n\nIf you need any personal clariication (free advise), please send me a mail to my mail address neswarareddy@yahoo.com
341443
Go to the local Tax Assement.  Unpaid taxes get taken out of the sale of a house at closing and can go on for years so you might not be able to motivate some people to sell that way.  I think it all depends on what city you are in.
909746
Pay cash if you want stay.\n\nIf you are investing, rent it out.\n\nAnother fastest way, when you bought it,do a back to back sales to another buyer(subsales)
350939
What you are referring to is for primary residences after people have lived there for 2 years... This does not apply in you situation.\n\nWhat does apply is a procedure known as a 1031 exchange.  1031 exchanges allow you to totally defer your capital gains tax by reinvesting the proceeds of your sale into another 'like kind' property.  (like-kind refers to the other property being investment use as compared to personal use).\n\nI'm finishing up the testing on a 1031 exchange site.  The information is real, and many of the test properties are available listings as well.\n\nFeel free to check the site out for the basics on a 1031 exchange.