Ads
related to: irs confiscated property for sale
Search results
Results From The WOW.Com Content Network
Properties that can be confiscated include real estate property such as a house or motel, cars, cash, jewelry, boats, and almost anything [16] suspected of being related to the manufacture and sale and transportation of illegal controlled substances, such as: controlled substances [23] raw materials needed to make them [23] containers to hold ...
Private property may be sold in a public auction for a number of reasons. It may be seized through a governmental process to satisfy a judgment rendered by a court or agency, or to liquidate a mortgage foreclosure, tax lien, or tax sale. Usually, prices obtained at a public auction to satisfy a judgment are distressed – that is, they are much ...
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...
According to the IRS report, it seized the property from the owner for tax nonpayment. Check Out: 30 Weird Ways People Go Broke. parking spaces. 2. A Pair of Parking Spaces.
Section 1031 (a) of the Internal Revenue Code (26 U.S.C. § 1031) states the recognition rules for realized gains (or losses) that arise as a result of an exchange of like-kind property held for productive use in trade or business or for investment. It states that none of the realized gain or loss will be recognized at the time of the exchange.
The U.S. Supreme Court waded in on the issue last year, ruling unanimously that Hennepin County, Minnesota, violated the Constitution when it seized an elderly woman's home over a property tax ...