Automated Tax Credit - Tax Debt Resolution

Glossary

Tax Shelter Impact on Liens

Tax shelter impact on liens explores how utilizing tax shelters can affect the placement, removal, or severity of tax liens and outlines applicable compliance requirements.

Non-Resident Tax Liens

Non-resident tax liens are claims by a taxing authority against the property of a non-resident for unpaid taxes. They are crucial in tax compliance and debt resolution.

Lien Transfer Agreement

A Lien Transfer Agreement facilitates the transfer of a lien from one party to another, commonly used in resolving tax debt or transferring property rights.

Deed in Lieu of Foreclosure

A Deed in Lieu of Foreclosure is a transaction where a homeowner voluntarily transfers property ownership to a lender to avoid foreclosure. Learn its tax implications.

Taxpayer Relief Programs

Taxpayer Relief Programs assist individuals and businesses in managing and resolving tax liabilities through various forms of relief and negotiation with the IRS.

Property Lien Laws

Property lien laws govern the rights and procedures when a lien is placed on a property due to outstanding tax obligations or debts. Understanding these laws is crucial for property owners and creditors alike.

Reassessment and Liens

Reassessment and liens are crucial in tax compliance, impacting how tax authorities correct valuations and secure debts. They influence financial liabilities and legal obligations.

Tax Lien Escrow

Tax lien escrow involves holding funds to satisfy tax liens, ensuring compliance and preventing property foreclosure due to unpaid taxes.

Forfeited Tax Sale

A Forfeited Tax Sale occurs when a property is sold due to unpaid taxes, transferring ownership to recover owed funds. It plays a crucial role in ensuring tax compliance.

Statutory Redemption Period

The Statutory Redemption Period allows taxpayers to reclaim foreclosed property by paying owed amounts within a specific timeframe, ensuring a fair opportunity for financial recovery.