There are some occasion when, even if you have wanted to pay your taxes on time, you just can’t do it because you need to pay attention to more pressing matters. Whatever the reasons maybe, you can delay payment by filing for a tax extension which simply give you more time to file but that doesn’t give you extra time to pay your taxes.
Tax Saving Tips During Your Kids Summer Vacations
Some American families are not quite aware of the extent of the benefits they could enjoy in terms of the “tax breaks” intended to mitigate the cost of child care. They think they can only take advantage of the child care tax credit to help lessen or offset the costs of a full-time nanny working in their home. But that’s not the case.
Will dropping tax lien data from credit reporting lead to bad loans?
In our previous article, we had discussed about the scrapping of tax liens in our personal credit reports.
This new policy is a big boost to millions of Americans, especially small business owners who need stronger credit to apply for a business loan. After just two weeks of implementation, Terra International Realty learned that the three major credit bureaus were able to delete the last remaining remnants of tax lien data on consumer reports at 5.5 million records.
Tax Liens Delisted From Credit Reports
It is quite a relief after several years of carrying the burden of tax liens appearing on your credit report every time you need some financial assistance. This is because Experian, TransUnion, and Equifax—the three major credit bureaus no longer include tax liens in your credit reports. The change was implemented last April 16, making it a brand new policy, that could impact millions of Americans, especially small business owners who need stronger credit to apply for a business loan
How to Remove an IRS TAX LIEN from your Credit Report
Sometimes it’s so excruciating to learn that your loan application was disapproved because of a negative credit rating which had been settled several years ago. Ironically, paid-off negative items stay in your credit file and is allowed by law even after you’ve paid them.
Making Money Made Easy The Secret of Making Money with Tax Liens
After the stock market crash of 2008, investors searched for the next best area of investment. A big number of them find Tax lien certificate as an excellent investment portfolio. The key of course, just like any other investment is to know as much as you can the mechanics of tax lien and tax deed sales.
Tax Lien Investing: Double-Digit Returns – But is This Investment Right for You
Each one of us has an idea about property taxes. Whether you’re a homeowner or an investor, we know for sure that the government collects taxes from property owners to fund the needs and services for the common good of the greater number of people. This is in addition to income and sales tax.
Vulture Investing: What You Need To Know Before Bidding For Tax Liens
There was this story of a man, who borrowed $500.00 from a friend and promised to pay $505,00 after 1 month. Then he lent the same $500.00 to another “friend” who promised him to pay $520.00 after 1 month. So, this vulture or loan shark, if you may, earned so much without breaking a sweat.
What Are the Major Risks in Tax Lien Investing?
We have written a number of articles on tax lien investing in the past. TAX LIEN SEMINARS’ utmost concern is the concern of its huge clientele with their investment money. For that reason, since no business is without risks, we would like to give some potential investors some of the major danger or risks associated with tax lien investing:
More Investors Investing in Tax Liens with a Self-Directed IRA
Before we discuss about investing in Tax Liens with a self-directed IRA, it is important that we first have a good understanding of what does Self-Directive IRA mean, and how would it benefit the owner or holder of an IRA or an “Individual Retirement Account?”
