Glossary

Understand Bonded Tax Certificate Purchases, a financial instrument allowing investors to secure interests in tax-delinquent properties, potentially claiming property ownership later.

Escrow closure on liened properties involves finalizing transactions where liens are present. This process has significant tax implications and requires careful compliance.

Taxpayer Contact Requirements pertain to the rules and protocols governing communication between taxpayers and tax authorities to ensure compliance and resolve issues effectively.

IRS Notice CP 504 is a critical notification indicating that the IRS intends to seize (levy) your state tax refund due to unpaid tax debt.

Pre-Sale Lien Forgiveness Programs are initiatives designed to help taxpayers resolve or forgive liens attached to property before sale, ensuring smoother transactions.

Exemptions from lien attachment protect certain taxpayer assets from being claimed by creditors due to tax debts, playing a crucial role in financial stability and compliance.

Tax lien bond issuance involves securing a bond to guarantee the payment of taxes owed against a tax lien. It serves as a financial guarantee to protect government revenue.

County Treasurer Tax Sale Rules govern the sale of tax-delinquent properties. They ensure compliance and aid in recovering unpaid property taxes.

Statutory Interest on Redemption refers to the interest amount required by law that must be paid when redeeming tax-related obligations or liabilities.

Undisclosed liens on title refer to hidden claims or debts against a property, which are not recorded publicly, impacting property transactions and financial compliance.