Sales Tax Chart
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Buying Tax Liens
There are times when a property owner is unable to pay the required property tax. At such time they become delinquent taxpayer and the appropriate governing authority is in charge for collecting property taxes. This collection can be achieved through a tax auction. That brings us to the question, What is a Tax Lien auction? A tax lien auction is a court-ordered auction. Depending upon the state and the nature of sales it can be an auction for a Tax Deed Sales or Tax Lien Certificates.
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Florida Tax Lien Investing
So what are these so-called liens that people get placed on their property? A tax lien is a legal claim against a property due to the nonpayment of taxes. The lien holder receives his/her investment back plus interest when the debt is settled by the property being sold or by the owner paying the debt. Tax lien investing assures the individual that the capital invested is profitable no matter what the end outcome is for the owner of the property.
Florida happens to be one of the largest and most Read More...
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Sales Tax Deduction Extended to 2006 and 2007
Traditionally, one has looked to claim the payment of state income taxes as a deduction on federal taxes in one form or another. Recent legislative changes have added sale tax payments into the equation.
In 2004, a unique tax code was passed as part of the American Jobs Creation Act of 2004. Within the morass of text, a new tax deduction was created. That deduction allowed people to substitute in the total sales tax they paid during the year in lieu of the state income tax when claiming a deduc Read More...
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