Tax Lien & Deed Investment

https://taxlienseminars.com Webinars & Seminars Thu, 16 Aug 2018 03:24:23 +0000 en-US hourly 1 https://wordpress.org/?v=5.0.3 https://taxlienseminars.com/why-you-need-to-file-a-tax-extension/ Thu, 16 Aug 2018 03:20:46 +0000

https://taxlienseminars.com/?p=1474

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 […]

The post Why You Need to File a Tax Extension appeared first on Tax Lien & Deed Investment.

]]>

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.

Of course, we all know that April is the deadline to file your taxes.  In fact, the original April 17 deadline was extended to midnight April 18 after the Internal Revenue Service’s official website crashed and left millions of people frustrated. If you still weren’t able to make the new deadline,  you are not alone. Many knew they couldn’t make it: The IRS estimated that it received 11.6 million requests for extensions, including one from President Donald Trump.

But while missing the deadline,  purposely  or  not,  you need to know a few things which TAX LIEN SEMINARS,  has prepared  to assist  you   to avoid some serious penalties.

• The deadline for an extension was April 18 and, if you asked for one, you’ll have until Oct. 15 to file your taxes, the IRS notes.
• An extension to file, however, generally is not an extension to pay. You must have already paid what you owe by the deadline to avoid a late fee.
• If you didn’t file for an extension, however, there are no penalties for filing late if  you’re  owed a refund.  There is no immediate sense of urgency, because  there is no interest or late-payment penalties.

Taxpayers, basically, have  legitimate reasons to file for a tax extension.  Some may need extra time to account for a complicated tax situation due to the sale of a home, a death in the family or income generated from a side hustle . Sometimes, important documents are not available  until late in the season. In other cases, a tax professional may need more time to devote to a complex tax situation.

While it may be personally important to have a good reason to file for an extension,  the IRS doesn’t ask why you’re filing the request.  But the IRS  will deny  if the extension form itself is filed after the April tax deadline,  when extension requests are due.

TERRA INTERNATIONAL REALTY, wants  to remind taxpayers  that your request is for an  extension of time to file, but it is not an extension of time to pay. If you have a balance due on your tax return and you don’t pay  on the due date, IRS and state taxing authorities will compute late payment penalties and interest from the original due date of the tax return through the date you have paid the balance in full.

Remember also that failure-to-pay penalty, which is 0.5% per month is much lower than failure-to-file penalty, which is 5% per month.  So it is necessary to pay before the April Tax deadline.

The form is free, but you might pay a preparer for help. Taxpayers can e-file their request through Free File or file a paper Form 4868 for free, according to the IRS. Filers can also get an extension by making estimated tax payments through the IRS’s Direct Pay system, Electronic Federal Tax Payment System or credit card or debit card payment portal, and noting that the payment is for an extension.

Tax Lien Seminars suggests that you contact  your tax preparer  in early May to restart the tax-preparation process. Early preparation and filing  to know your actual tax  will make things much easier and  possibly  reduce  any  penalty you  may  owe if you underpaid your  tax computations..

Finally, If possible, do not let the morrow takes care of the things you can do today.  While filing for an extension will buy you an extra six months , it shouldn’t be an excuse to delay getting your paperwork together before the new October deadline.

The post Why You Need to File a Tax Extension appeared first on Tax Lien & Deed Investment.

]]>
https://taxlienseminars.com/tax-saving-tips-during-your-kids-summer-vacations/ Tue, 14 Aug 2018 04:10:27 +0000

https://taxlienseminars.com/?p=1469

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 […]

The post Tax Saving Tips During Your Kids Summer Vacations appeared first on Tax Lien & Deed Investment.

]]>

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.

And,  for a family to be able to grasp and realize  the benefits of a tax break, Tax Lien Seminars is providing  here some of the more significant aspects  of your children’s  summer vacation activities that may lead to saving some taxes:

• Indeed, if your kids went to day camp for the summer, you may be able to cover the costs using funds from a dependent-care “Flexible Spending Account”  (FSA) or apply those expenses toward the child care tax credit.  The same applies  to other professional child care you enlisted to help you during the long summer break.
• A dependent-care FSA  is a  popular employee benefit offered by 67 percent of U.S. employers

These accounts let you save pre-tax money to cover child care, including day care, babysitters, nannies and day camp, for your dependents who are younger than age 13.  However, sleep-away camps do not qualify.

• For 2018, the IRS-set contribution limit for FSAs is $5,000 per family for married couples filing jointly (but your employer may decide on a minimum for its particular plan, too). That means if you’re in the 30 percent tax bracket, using that full $5,000 from your FSA can save you $1,500.
• Another tax break opportunity is the child and dependent care tax credit that allows  you to take back 20 to 35 percent, depending on your income, of up to $3,000 worth of care costs for one child or $6,000 for multiple kids. And being a credit, it reduces your tax bill dollar for dollar, unlike a deduction, which only reduces your taxable income. So if you qualify for $500 of this credit, that’s a full $500 worth of savings. You and your spouse have to work or be full-time students to claim this credit.
• It is also important to remember that you can claim a child tax credit for every kid you have who is younger than 17 years old. And this improved a lot for 2018, because of the Republican tax overhaul. The credit has doubled to $2,000 per child and allows up to $1,400 of that credit to be refundable. (Before this year, it was nonrefundable.) Deborah Meyer, financial planner and owner of financial planning firm WorthyNest in Saint Charles, Missouri, explains with this example: If you owe Uncle Sam $400 for 2018, and you have one child, earning you a $2,000 child tax credit, “your tax liability is reduced to zero, you receive a $1,000 refund, and you still have $600 of nonrefundable child tax credit to offset any 2019 tax liability,” she says.
• Married couples filing jointly can claim the full credit as long as their “Adjusted Gross Income” (AGI) falls below $400,000, up from $110,000; other filers can nab the full credit with AGIs of less than $200,000, up from $75,000 in 2017.

In closing Tax Lien Seminars would like to advise families to be prepared with your paperwork related to day camps and childcare providers to take advantage of tax breaks.  Remember, being well-prepared and organized  can save you a considerable amount  when  the tax season rolls around next year.

The post Tax Saving Tips During Your Kids Summer Vacations appeared first on Tax Lien & Deed Investment.

]]>
https://taxlienseminars.com/will-dropping-tax-lien-data-from-credit-reporting-lead-to-bad-loans/ Wed, 08 Aug 2018 02:31:08 +0000

https://taxlienseminars.com/?p=1464

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 […]

The post Will dropping tax lien data from credit reporting lead to bad loans? appeared first on Tax Lien & Deed Investment.

]]>

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.

However some sector believes that the removal of tax lien will affect a person’s credibility and ability to pay a debt.  Apprehensions are ripe on a lenders willingness to extend loans without any records to back up a borrower’s credit background.

A  senior director of credit risk assessment at LexisNexis Risk Solutions, a provider of public record data said  that it is important for lenders to know, for example, if a consumer has a $50,000 tax lien that they have an obligation to repay before issuing them new credit.  He further said, that it is important for the lender to be aware that the consumer also has another obligation to pay, as this will affect his capacity to pay all obligations.

Terra International Realty also found out, based on a report by the Consumer Financial Protection Bureau the different opinions and judgments on the removal of tax liens on public records data:

1. 75% say they remained in the same score band
2. 17% moved to a higher score band
3. 6% rose to near prime or top prime (good to excellent credit score)
4. 66% stayed subprime or deep subprime (average or below average score)

After July 16, the only public records that will remain in consumers’ files will be bankruptcies, which will come with sufficient public information. However, we cannot exactly tell how deleting these records will affect consumers’ credit scores and their ability to get credit.

The Consumer Financial Protection Bureau observed a very minimal impact on the credit scores of some consumers as it neither improve nor lessen their credit score.  They concluded that removing tax liens from credit files will have very little impact on credit scores for people that have good credit.  But if you are struggling with credit and have a week credit file, this will help you. The consumer who has a tax lien is now automatically having a negative entry removed from their credit file.

The post Will dropping tax lien data from credit reporting lead to bad loans? appeared first on Tax Lien & Deed Investment.

]]>
https://taxlienseminars.com/tax-liens-delisted-from-credit-reports/ Tue, 07 Aug 2018 02:36:06 +0000

https://taxlienseminars.com/?p=1458

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 […]

The post Tax Liens Delisted From Credit Reports appeared first on Tax Lien & Deed Investment.

]]>

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

TAX LIEN SEMINARS joined hands with our clients and subscribers in expressing our appreciation for this new development.  Our sincere thanks also for launching the National Consumer Assistance Plan (NCAP) to implement industry-wide policy changes to make credit reports more accurate.

Credit Reports No Longer Include Tax Liens:

• Now that personal credit reports no longer include tax liens, this can help boost scores for anyone who needs help securing better financing products. The change, which can add potentially needed points on a credit score, could be big news for people seeking small business loansor business credit cards 
• Since small business lendersand business credit card issuers—only want to work with the borrowers who can repay back their debt. Your credit score is a numerical track record of how well you’ve managed your financial obligations over the years. Those who’ve been hit with a tax lien will no longer need to worry about its impact on their individual credit scores.

The Impact of Tax Lien Removal From Your Credit Reports :

• Due to NCAP’s credit report adjustments lenders will no longer see tax liens on applicants’ credit reports, and the impact of a tax lien will no longer lower your credit score.
• According to LexisNexis Risk Solutions, only 11% of consumers have liens or civil judgments on their credit reports. The data also shows that removing liens and judgments results in an average increase of 10 points on credit scores. However, some credit scores might increase as much as 30 points.
• So, if you had a tax lien on your credit report, its removal may or may not increase your personal credit score enough to bump you up to the next credit score bracket. But if it does, that increase may be enough to qualify you for loans which you were unable to get approval before.
• Personal credit score is a huge factor in small business loan applications. So if your score jumps with your lien clearance , you can have more loan options.
• Even if you don’t have a lien removed from your credit report, this new policy change will impact the way lenders will assess your potential borrowing capacity.

Lenders cannot really establish your reputation as a borrower with any public records. The won’t know whether or not you are a good borrower.  Basically,  they have no way of knowing about your character.  That’s precisely one reason why, lenders, in most cases tendto hike up their interest rates.

FINALLY, to be more comfortable with your business transactions, whether trying to secure  a loan or  getting  approval for a   property mortgage,  Tax Lien Seminars suggests  that if you had a previous tax lien on your credit score, you have to first check  to see the exact impact of its removal. Assuming that you don’t have any tax lien, you may still experience the effect of the new credit reporting policy  if and when  a lender assigns you an interest rate on your future business loan.

The post Tax Liens Delisted From Credit Reports appeared first on Tax Lien & Deed Investment.

]]>
https://taxlienseminars.com/how-to-remove-an-irs-tax-lien-from-your-credit-report/ Sat, 04 Aug 2018 04:38:00 +0000

https://taxlienseminars.com/?p=1454

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. Sometime in the past, the IRS Tax Liens that had been […]

The post How to Remove an IRS TAX LIEN from your Credit Report appeared first on Tax Lien & Deed Investment.

]]>

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.

Sometime in the past, the IRS Tax Liens that had been paid continue to appear on your credit reports for seven years. However,  the IRS has taken steps to change that and there is now a system in place that removes federal tax liens from your credit file as soon as possible.

TAX LIEN SEMINARS has prepared  the following  simple steps  to assist you secure a clean slate on your Credit Report:

1. COMPLETE IRS FORM 12277 : This form serves as a request for withdrawal of the original tax lien. Before filling out this form, try to locate the Form 668(Y) you were sent by the IRS as notification of the original tax lien. This can help to expedite the process. However, you can still fill out this form if you don’t have the 668(Y).  For question 11 on the form, select the option that says: “The taxpayer or the Taxpayer Advocate acting on behalf of the taxpayer, believes withdrawal is in the best interest of the tax payer and the government. “   For question 12, enter the words, “Fresh Start Program”
2. Send IRS FORM 12277 to the IRS : Use IRS publication 4235to determine the regional IRS where your form should be mailed. Send your form via certified mail. Wait for response from IRS : After 30-45 days, the IRS will contact the court house where the lien was filed to notify them to withdraw it. You will also be sent a copy of this notification.
3. Wait for response from IRS : After 30-45 days, the IRS will contact the court house where the lien was filed to notify them to withdraw it. You will also be sent a copy of this notification.
4. Dispute the lien with the Credit Reporting Agencies : When you dispute a tax lien with Equifax, Experian or Trans Union, they contact the courthouse where the lien was filed to determine if the information is still accurate. Since the courthouse has been notified that your lien was withdrawn, by disputing the lien with the above Credit Reporting Agencies at their respective websites, you should be able to have the lien removed quickly.
5. Final confirmation : Each of the credit reporting agencies will send you a notification of how your dispute turned out. If the lien was not removed from any or all of your reports, file a second dispute in writing and include a copy of the notification from the IRS that your lien has been withdrawn.

Tax liens on a credit report will definitely  affect your credit score significantly and  can also be the basis  of a lender  to approve or  deny you a loan or a  credit card.  Having them removed from  your credit reports as quickly as possible is imperative. If you any problems with unpaid liens  visit IRS.gov to know your best course of actions.

The post How to Remove an IRS TAX LIEN from your Credit Report appeared first on Tax Lien & Deed Investment.

]]>
https://taxlienseminars.com/making-money-made-easy-the-secret-of-making-money-with-tax-liens/ Wed, 01 Aug 2018 05:02:41 +0000

https://taxlienseminars.com/?p=1450

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. Terra […]

The post Making Money Made Easy The Secret of Making Money with Tax Liens appeared first on Tax Lien & Deed Investment.

]]>

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.

Terra International Realty, after over two decades in the real estate industry finds out that Tax lien investing can be a good way to realize 12%  to 18%  return on your investment, although the competition is quite heavy  and in  some degree  risky.. Before you consider tax liens, find out the guidelines  in your state of choice  and attend an auction to get a feel of the process. Like most things in life, do your homework first, study the market  condition  and then when you see an opportunity, pull the trigger.

To make money in tax lien investing, do you need to  go to seminars, enroll in special  courses, watch the webs,  and read  all the books about how to invest in tax lien certificates or tax deeds?  But if you did not  engage yourself in any of  these  activities, maybe you ‘re  simply not  excited  about making money with tax liens or tax deeds.  But if you have  and  still feel that you don’t know enough to get started then maybe, you just need to attend a tax sale in your area and see how things are conducted there.

Maybe you don’t have to do either one..  Or maybe if you’ve been thinking of bidding at the online tax sales, but haven’t done anything yet, Find out when the next online tax sale is and get the results of the last tax sale. This will let you know just how much you need to bid and how much money you need to get started.

Or you  can also register for an online tax sale. It’s frequently free to register for the sale, although sometimes you have to put down a deposit before you can actually bid. You can register for the sale, read the terms of the auction, rules for bidding, and do your due diligence on the tax sale properties without even bidding. Then watch what happens to the properties that you would have been on if you felt more confident. This will give you the confidence to bid at the next tax sale. It will also let you know what the competition is like and if it’s worth it to bid at this sale in the future.

Many of the online auction companies provide “demo” auctions so that you will know exactly what to do  before you actually bid. And some counties that have live tax sales will hold a seminar before the sale.

The secret to making money with tax lien or tax deed investing is not because of the  courses and  seminars you have attended, but because you are prepared and you ha ve done the right course of action during the auction. n. So get out there and do something! You can’t actually make money until you go out and buy your first tax lien or deed. Start small, with small liens if you have to, but get started.

If you need some direction or help with investing online, Terra International Realty advises you to  check out the Buying Tax Liens Online course by TAX LIEN SEMINARS.

The post Making Money Made Easy The Secret of Making Money with Tax Liens appeared first on Tax Lien & Deed Investment.

]]>
https://taxlienseminars.com/tax-lien-investing-double-digit-returns-but-is-this-investment-right-for-you/ Tue, 31 Jul 2018 02:28:54 +0000

https://taxlienseminars.com/?p=1444

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. We […]

The post Tax Lien Investing: Double-Digit Returns – But is This Investment Right for You appeared first on Tax Lien & Deed Investment.

]]>