Federal Tax Lien Lowers Credit Score
When a federal tax lien gets filed against you, your credit score will fall. What can you do to rebuild your credit score after you've paid off the tax lien? Paying your bills on time, not carrying a...
View ArticleBuying Home That Is Behind On Back Taxes
If homeowners don't pay your real estate taxes, the tax collector can seize your house and sell it for the back taxes that are owed. In most places, the taxes have to have been unpaid for at least a...
View ArticlePaying IRS Back Taxes
You cannot quit claim the deed to your house instead of paying back taxes. You must sell your property, then the IRS will take what it is owed on your taxes. Continue reading
View ArticleCommercial Real Estate Tenant Doesn’t Pay Rent
What can you do when you own commercial real estate and your tenant doesn't pay rent? How can you evict the commercial real estate tenant? Eviction laws vary by state and some attorneys specialize in...
View ArticleBack Taxes Overpaid From Incorrect Assessment
The county assessor's office incorrectly classified a single-family home as a three-family building. With the mistake corrected, the homeowner wants to know if she can receive a refund for the...
View ArticleBack Taxes Owed On For-Sale Property
A buyer of a vacant lot learned that the sellers owe three years of back taxes on the property. If the back taxes are not paid before, or at, the closing, the buyer will become responsible for them. A...
View ArticleHow Long Should You Keep Tax Records?
How long are you required to keep your tax records? The IRS only requires you to hold onto your tax records for seven years. A lender might want to see your tax records from the last few years, but...
View ArticleBack Taxes Owed On Foreclosed Property Might Fall On Buyer
Buying a foreclosed property might include taking ownership of unpaid back taxes. If you buy a foreclosed house with liens or back taxes, you could be held responsible for paying the liens and back...
View ArticleHow to File Taxes For Previous Years
If you’re looking to file taxes for previous years, the good news is that you may still get refunds from the IRS. Q: I’m trying to get pointed in the right direction. I was in a motorcycle accident...
View ArticleHow to Deal with Debt After Death of Spouse
If you were left with debt after the death of a spouse, gather bills, check credit, talk to the IRS and consider contacting an attorney. Q: My home is underwater, I’m at risk of foreclosureForeclosure...
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