Tax Certificate Investors Make More Money If They Know "The Basics" of Property Descriptions!
Tax Certificate Investors Make More Money If They Know
"The Basics" of Property Descriptions!
There are 3 basic systems of describing real property. They range from the time the USA was founded? up to the stream-lined present day systems. Knowing them will let you into the "exclusive code" of the tax assessors and collectors. They set the rules for ALL Tax Certificate and Deed auctions.
In colonial days they used obvious physical features (hills, rocks, rivers, forest, etc.) and a system called "Metes and Bounds". Just the Metes and Bounds System (A description of land by property lines ? with terminal points and angles) is still used by all states at present.
"Metes and Bounds" requires extensive study and serious knowledge of land and geography.
At present, the "Block and Land" system is preferred and very easy to understand! The major plot of land is simply divided into smaller lots and blocks that show the streets with their individual lots and blocks. This makes it simple for you to locate properties if the county sends you information based on this modern system.
The government survey system is also very simple. The US survey system chooses major points within the state and then measures the land north, south, east and west from that point. This creates a grid that looks a lot like a checkerboard. The land is divided into a frame with the principal meridian running on a north/south line.
These points create squares that are 6 square miles each. The 6 mile squares are divided into 36 squares measuring 1 mile on each side. These are always referred to as "sections"?so when you're at auction, you can translate the size of the property you are on if you encounter this official term.
This property information is usually available at the county tax collector's office, county/city vital records office and the county assessor's office. Always check online with "USA.gov." bureaus and resources plus any county government websites.
The more you know about the process, the better choices you'll make at the tax certificate auctions. You'll acquire selective vision for the really choice properties that will give you great returns on your investment? and you may end up owning the real estate ? free and clear
He's taught 1000's of students how to make stunning wealth with this stable government program - earning 16%, 24% returns and more! This is a system anyone can easily learn .
It's your safe, consistent, and secure path to financial prosperity. Sign up for Ted's Investing Tips ($87 value) just visit his websites at http://www.taxcertificatetips.com or http://www.besttaxcertificates.com
Death And Taxes - Two Certainties Of Life
(NC)-There are no estate taxes or succession duties in Canada. However, taxes upon death have not disappeared. When a person dies, there is a 'deemed disposition' of all capital property. What does that mean? It means that the government treats all your property (unless jointly held) such stocks, bonds, RRSPs, real estate, etc as sold at fair market value on the day of your death. Your estate will be required to pay capital gains tax on that property.
This applies to your RRSP if you do not have a spouse to whom you can transfer it. Careful planning can reduce or defer the taxes owing. Without an estate plan, you could lose nearly half of the value of your gains to taxes. While your Executor may claim full personal exemptions on your final income tax return, your estate may end up paying taxes at the highest tax rate (over 50%). If you do not have a Will, or if your Will has not been updated recently, it may be a good time to get the job done to avoid tax complications.
What...
Death And Taxes - Two Certainties Of Life
Tax help > Death And Taxes - Two Certainties Of Life
Sue Doughty MP, Endorses Pedal Power Thanks to Electric Bikes Direct.
On Thursday 30th September Sue Doughty will be visiting Electric Bikes Direct in Burpham to collect her loan bike and discover for herself the benefits of pedal power.Sue said ?with fuel fast approaching ?1.00 per litre we need to utilise more efficient modes of transport and the electric bike really fits the bill for short range travel helping to reduce congestion in our towns and cities.
"Around
town the electric bike can travel at 15mph which is generally faster than any car and a 5p fee for charging will take you up to 20 miles which is cheaper than shoe leather.
"Additionally employers who buy electric bikes for their staff can gain on tax savings as an electric bicycle is tax deductible and National Insurance and VAT reclaimable."I am delighted to endorse any innovative solution to help reduce congestion and reduce emissions in our towns.".
Tax help > Sue Doughty MP, Endorses Pedal Power Thanks to Electric Bikes Direct.
Are you tired of Tenants, Toilets and Trash?
(c) - All Rights reserved http://www.savegainstax.com===========================================================Wouldn't you rather go to Tahiti?Are you a landlord with rental property whose value hassignificantly appreciated?Are you ready to cash in those profits and take that trip toTahiti?Before selling your property, check with your accountant whowill tell you that you will be paying $60,000 in CapitalGains Tax to Uncle Sam. Your accountant will also tell youthat adding another $20,000 to your income by that sale iscalled recaptured depreciation. This will bump you into thenext tax bracket and doom you next April 15th into sendingthe IRS a check for maybe another $7,000.Are you still ready to sell that property?It looks like that trip to Tahiti is going to be sometime inthe far future?But wait! You decide to check with your realtor and thenfind out about a 1031 exchange to defer your Capital Gains. Your realtor tells you if you buy another...
Are you tired of Tenants, Toilets and Trash?
Tax help > Are you tired of Tenants, Toilets and Trash?
TaxACT?, America?s #1 Value Leader in Tax Preparation Software Products and Services, Soothes the Sting of Preparing Tax Returns
2nd Story Software?, Inc., developers of America's most trusted value-priced tax preparation software, announces the release of TaxACT? Standard and Deluxe Editions for the 2004 tax season.Simplify and Streamline!
TaxACT Deluxe Gets Recognized and Offers Improved Navigation, Expanded Advice and Additional Calculators Denoted recently by PC Magazine as having a "sleek and fast design", TaxACT 2004 Editions are designated as being the Editor's preferred choice for "finance-savvy" taxpayers.
TaxACT's 2004 Deluxe Edition continues to simplify tax preparation and provide its users with an exceptional experience by improving its link integration to expert tax advice and help features.
At the same time, TaxACT has expanded the number of its interactive calculators within the Life Events QnA process, which are provided in partnership with J.K Lasser's? Your Income Tax 2005 by John Wiley & Sons, Inc. ? America's all-time best-selling tax guide.
More than ever,...
Tax help > TaxACT?, America?s #1 Value Leader in Tax Preparation Software Products and Services, Soothes the Sting of Preparing Tax Returns
Debt Settlement
Debt settlement implies offering to settle a debt for an amount less than the original debt. The creditor generally accepts this offer if he thinks that the consumer's only other option is to go for bankruptcy, in which case the creditor can lose all his money. People who are heavily in debt and do not have sufficient money to repay their loans generally go for debt settlement. It benefits the debtor in such circumstances, since there is quicker repayment of debt with a smaller amount of money to be paid, and it helps in fast recovery of credit. Debt settlement also puts an end to creditor harassment, since they stop calling you to ask for their money.
In countries where living on credit has become very common, debt settlement has turned into a thriving business.
There are special attorneys and agencies that can help you in settling your debts. They usually charge up to 15% of the debt, and some startup fees. There might be late fees and interest charges that need...
Debt Settlement
Tax help > Debt Settlement