Taxpayer Installment Plan Default
A default on a taxpayer installment plan occurs when a taxpayer fails to meet the agreed terms for repaying owed taxes to the IRS.
Redeemable Tax Deed
A Redeemable Tax Deed involves a property sold to satisfy tax debt, where the original owner can reclaim it by fulfilling legal requirements.
Assessor Parcel Number (APN)
The Assessor Parcel Number (APN) is a unique identifier assigned to real property by tax assessors for property tax processes. It is crucial for property tax calculations and assessments.
Tax Escrow Shortfall
A Tax Escrow Shortfall occurs when the funds held in escrow for property taxes are insufficient to cover the actual tax amount due.
Lien Enforcement Actions
Lien Enforcement Actions are legal procedures used to collect unpaid taxes by claiming rights on a delinquent taxpayer’s property.
Judicial Tax Lien Release
A Judicial Tax Lien Release is a legal document that removes a lien on a taxpayer’s assets, imposed through court order, once the associated tax debt is resolved.
Tax Deficiency Notice
A Tax Deficiency Notice is issued by tax authorities to inform taxpayers of an underpaid tax amount due. It outlines necessary corrections and payment instructions.
Homestead Property and Tax Liens
Explore the concept of homestead property and how tax liens can affect it, focusing on exemptions, compliance, and consequences for property owners.
Tax Lien Certificate Expiration
Tax lien certificate expiration denotes the validity end of a claim on a property due to unpaid taxes, affecting the lienholder's claim rights.
Overbid Surplus in Tax Auctions
An overbid surplus in tax auctions occurs when a property sells for more than the owed tax debt. This surplus must be claimed by the rightful parties involved.