Tax lien sale questions?
Posted by taxlienscan property be levied for income tax? or is it just property taxes?
If so, will the taxing agency attempt to collect through wage withholding first or will they try to secure the property first? is a lien on the property the last attempt to collect or their first?
say someone works for a payroll company and constantly gets tax levies from state and federal agencies and this person knows that there is no way the agency will be able to collect from the wages on this person. could this person doing the payroll then turn around and kind of have "insider information" on a potential upcoming property tax lien?
I’d assume this could probably be illegal but it was just a thought that occurred to me.
poster #2: i never said i was in the position to obtain this information. it was a thought i had that someone else COULD do it.
so take your KARMA and shove it. go judge someone else incorrectly.
Property cannot be levied for income tax deficiencies…Tax lien certificates are only available on property taxes.
As the previous poster stated, insider information will probably not help when tax lien investing. The state will hold the public auction on a certain date, and before that, it is public knowledge that a tax lien is on the property. This is their way of "leveling the playing field" and it allows them to get the best deal on their tax lien properties (ie. lowest interest rate bid, etc.)
Hope this helps…
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