What is Tax Lien Investing? When investing intax certificatesyou’re making an investment secured by the real estate on which the taxes are due. If property owners don’t pay their delinquent taxes, you can can make alegal claimon (get possession of) the property for only the past due tax...
Accessing your Personal Tax Account could enable you to find out important information and better manage your personal tax affairs. You may even be able to pay less tax or reclaim tax that you’ve overpaid, so it could certainly be worth the effort, especially as it’s so quick and easy ...
What is a Tax Point? Understanding Your VAT Obligations What is a tax point and why does it matter for your business and VAT compliance? Determining when VAT needs to be paid? It all comes down to the tax point. Simply put, the tax point is the specific time at which the sale of ...
What Is a VAT Receipt? What Proof Do You Need to Reclaim? VAT stands for Value Added Tax, and a VAT receipt represents that tax on purchases you make from suppliers. You’ll often get your receipt at the time of purchase when you receive goods. There are several key pieces of informati...
In the case of a mortgage or car, the lien protects the bank and helps them get back as much money as possible from your home if they reclaim the property and it's sold. With other types of liens, depending on how much you owe and your state laws, your home or other property can...
Expressed as a percentage, the interest is based on the loan principal. Property taxes: Your lender typically collects the property taxes associated with the home as part of your monthly mortgage payment. It then holds the money in an escrow account and uses it to pay your tax bill when it...
If a former employee is still on your payroll, you most likely forgot to remove them from your payroll system. If you see payments after their final date of employment, you may need to address the issue with the former team member and take measures to reclaim the unearned money. Is someon...
Understanding a lien on a car means exploring the complex world of vehicle ownership. A lien is a legal claim a creditor has on a vehicle. It’s used as security for a debt. When you finance a car, the lender gets a legal right to it until you pay off the loan. ...
Social Security Disability Insurance (SSDI) is a payroll tax-funded, federal insurance program. A portion of the FICA taxes you pay are set aside for SSDI (as well as Social Security Retirement and Medicare). SSDI was established in 1956 and is designed to provide you with income if you’...
While the creditor is the entity that extends credit, adebtoris the legal party that accepts the credit or loan, owes the debt, and agrees to its repayment. What Happens If Creditors Are Not Repaid? Secured creditors, often a bank or mortgage company, have a legal right to reclaim the pr...