Glossary

A Tax Levy Appeal is a formal request to contest a government-imposed levy on an individual's property or accounts due to unpaid taxes.

Judicial Confirmation of Sale is a legal procedure validating the sale of property, often following foreclosure, ensuring compliance with court orders in tax-related cases.

A Tax Certificate Issuer is responsible for producing certificates that verify tax deductions, payments, or liabilities for individuals or entities.

The Bankruptcy Automatic Stay is a federal injunction that halts creditors from collecting debts from a debtor who has declared bankruptcy, affecting various financial obligations and providing relief for debtors.

Encumbrance on Title refers to claims or liens on a property that affect its transferability and can significantly impact property taxation and compliance.

A lien search is a critical process to identify any legal claims against a property or asset, ensuring clear ownership transfer and tax compliance.

Redemption Fees are charges applied when shares in a mutual fund or other investment are sold or redeemed before a specified holding period. They play a crucial role in tax compliance.

Investment Yield on Tax Liens refers to the returns earned by investors who purchase delinquent tax liens, earning interest or possessing property if taxes remain unpaid.

Tax Resolution Services are specialized offerings that assist individuals or businesses in resolving issues with tax authorities, ensuring compliance and minimizing liabilities.

IRS Publication 594 outlines the collection process for taxpayers who owe federal taxes, detailing their rights and responsibilities in managing tax debts.