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

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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.
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How much are your property taxes for one year?

  Answer   Answer depends on where you live. No one answer fits all scenarios. Property taxes are based on "assessed values" of property i.e what your property is wor

Do you have to pay the taxes for the entire year on property purchased in October?

No, most of the time. The entity who pays real estate taxes which accrues to property, regardless of the ownership period, is generally established by agreement between the pa

How much tax do you pay or owe?

FEDERAL TAXES ARE THE SAME THROUGHOUT THE COUNTRY...YOUR STATE MAKE NO DIFFERENCE. (However, State tax laws are specific to each area, and generally follow the Federal guideli

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

When do I need to pay taxes owed?

Your federal income tax amount that was owed for the tax year 2009 income tax return was due April 15 2010. After the April 15 2010 due date the amount owed is now past due an