answersLogoWhite

0

Buying a Tax Lien Certificate

User Avatar

Wiki User

13y ago

Best Answer

One of the hottest investments right now is for people that want to buy a tax lien certificate. This can be a great investment if a person simply has a bit of extra cash he or she wants to spend. If a person has the extra cash, then there is no reason he or she should refrain from making this smart investment. Buying a tax lien certificate can be the perfect way for a person to make some good money in a short amount of time.

A person can truly do great things with a tax lien certificate. Some people have been able to make thousands of dollars by purchasing a tax lien certificate. Just imagine if a person was able to buy a certificate of this type every month. If a person bought one certificate a month, then he or she could be able to make a very healthy profit over the course of a year. It is incredible for a person to consider how much he or she can truly make when he or she makes wise investment choices. A tax lien certificate is definitely one of the smartest investment decisions a person can make. A person will be able to truly save a great deal of money by purchasing a tax lien certificate.

If one wants to make money in a short amount of time, then one has to be prepared to do a bit of investing. Instead of buying that coffee every day, a person should seek to save that money and invest it. With just two dollars a day, a person could build up seventy dollars in a month. This money could then be used to go purchase a nice little tax lien certificate. When a person can make thousands of dollars from a tax lien certificate, it does not pay for him or her to spend that money on coffee every single day. If a person does spend this money on coffee, then he or she is simply setting one's self up for failure. A person needs to be careful when spending money, so that he or she can save up for a tax lien certificate in the future.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Buying a Tax Lien Certificate
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the advantage of dealing with tax lien certificates?

There are a couple of advantages of dealing with tax lien certificates. Perhaps the biggest advantage of dealing with a tax lien certificate is a big tax deduction.


Is it possible to create your own tax lien certificate by placing a lien on someone's home without their permission if they have delinquent tax?

No. Only the IRS and/or state tax agencies can place a lien against real property of the person who has tax arrearages. Also, only the IRS or States can get a lien filed without going to court.


Where can you find the tax lien sale summary for each state?

The process for buying tax lien certificates will vary from state to state so it is important that you research each state's laws regarding tax lien certificates and tax deed sales. Then you must contact the tax collector in each location for a list of properties.


Whom do I need to contact in Mississippi about tax lien certificate's?

In most state the sale of tax lien certificates is handled at the county level as the property taxes are a county tax. Some specific cities do have their own system of property taxes and may offer Tax Lien Certificates (TLC). Some counties will have a lot of information online.


Can a federal tax lien be removed after payment in full?

Yes the IRS is supposed to do this but if they do not do it you can use the below information for this purpose.Go to the IRS.gov web site and use the search box for Publication 1450 Instructions on How to Request a Certificate of Release of Federal Tax Lien go to page 2 for the below information.Section 6325(a) of the Internal Revenue Code directs us to release a Federal Tax Lien after a tax liability becomes fully paid or legally unenforceable. We alsomust release a lien when we accept a bond for payment of the tax. If we haven't released the lien within 30 days, you can ask for a Certificate of Release of Federal Tax Lien.Requesting a Copy of the CertificateIf you have paid the tax you owed and have not received a copy of the Certificate of Release of Federal Tax Lien, you may call 1-800-913-6050.If you prefer to write, see page 2 for the address to which your request should be mailed or faxed.Click on the below related link


what is this lien for?

what is this tax lien for


where do I get a tax lien directory?

where do I get a national tax lien directory


What is a federal tax lien?

A tax lien is when the IRS files a lien against a tax payer in the courthouse where the taxpayer lives. This lien will attach the the property the tax payer owns. The lien will stay in place until the lien is satisfied or the liability is paid. The lien does not need to be renewd.


Who can file Mississippi tax lien?

The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.


What type of lien does not have to be recorded to be valid?

Real estate tax lien


How to find out if you have a Student loan tax refund liens?

5640 N. Milldam Pl, 83714 how do i find out if i have a tax lien on tv How to I see if I have a tax lien against me “how do i find out if i have a tax lien?” Want to know if lien is on my home by owners name tax liens in ashley county How do I find out if I have a tax lien? offical tax lien list for howard county md. by howard county government how do i find out if I have a tax lien is there a tax lien on the property 1026 Bay Landing, Galt, California, 95632 how i find out if i hace a tx lien? where is a free list of tax liens and deeds


tax lien list for Galt, California?

tax lien list for Galt, California