What would you like to do?

Is it a fraudulent transfer if the buyer of a forclosed commercial property did not pay the taxes owed for nearly one year?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Payment of delinquent property taxes are governed by state law. In general taxes due on property acquired by foreclosure are due at time of sale. Some states do have laws granting a grace period under specific circumstances. If the law required taxes to be paid at the time of sale, and they weren't, the sale is not valid.
Thanks for the feedback!

Can you file your taxes if you owe without paying right away?

It is extremely important to file your taxes ON TIME if you owe money whether or not you can pay. The penalty for failure to file on time is TEN TIMES as much as the penalty

Does the catholic church pay property taxes?

No. In most sates in the United State religious organizations are exempt from real and personal property taxes. Each state has their own tax laws that describe which properti

Do you have to pay property tax if you rent a house?

Not directly. The owner of the property is responsible for paying the property taxes. However, you should understand that how much rent you pay is determined, in part, by how

Should the buyer pay the dealer inventory tax in Texas?

It is not a should question, the dealer passes along the dealer inventory tax to the consumer, and you can negotiate it, but it rarely gets taken off or goes down. It is commo

Who pay tax on income property?

  The owner of the property pays the tax on the income generated by the property. This is known as the "fruit of the tree doctrine."

Do you pay property tax on land in Florida?

In the state of Florida if you own land, that is your name appears on the title, you must pay taxes each and every year to the County tax collectors office in which the land i

Do Native Americans have to pay property taxes?

Yes, Native Americans pay real and personal property taxes in the United States, unless there are specific state tax laws that exempt them from taxation. For example, in Nebra

What will you owe in capital gains tax on the sale of your rental property?

You will NOT know the correct amount until you have completed your income tax return correctly for this purpose. When you sell residential rental property you are subject to t

Do you pay income taxes on rental forclosed property?

Possibly. It depends on your basis, how much depreciation you have claimed, whether the loan is recourse or non-recourse, and whether the bank is canceling the unrecovered b