Tax Plaza
The Tax system explained!
Discover How Government Protected Tax Certificate Profits Can Make Your Family Secure for a Lifetime!
Americas best-kept wealth building secret is the Tax Certificate - protected by a carved-in-marble 200 year old Government Tax Code. They are issued by 100s of counties in the USA to cover millions of dollars in over-due and delinquent property taxes. Taxes that are desperately needed to fund hospitals, police, fire dept. and welfare services.
Tax Certificates are secured to the real estate they are attached to. Please remember thisyou arent really buying the real estateyou are buying the governments certificate (claim for delinquent property taxes) on the real estate. You, in a sense, hold the mortgage on the propertyas long as taxes arent paid by the owner, bank or other financial institution. None the lessyou still make great money on a short term investment! Much higher than any Bank CD, Money Market or Annuity!
Im going to give you a simple break-down on how the Tax Certificate process builds wealth for you! You can do this locallyor all over the USA!
1. Lets say taxes for 2005 are due November 1, 2005 and become delinquent on April, 1, 2006. (If taxes are not paid by April 1, the county adds a 3% penalty.)
2. Sometime April, 1, 2006, the county places advertisements of unpaid taxes in the local newspapers to announce the auction of Tax Certificates.
3. Usually by June, 1, 2006 the county holds a public auction for Tax Certificates. This gives you, the Tax Certificate buyer, a claim against the auctioned property - for back taxes, interest and advertising costs. The auction determines the return investors will receive on the certificate. Instead of bidding dollars, investors bid in county determined interest rates and they go down from there. The bidder who is willing to accept the lowest return is issued the Tax Certificate. (These bidding rules vary from county to countyso you should always study the countys rules from top to bottom!)
4. Once the Tax Certificate is sold to youthe bidder must pay the county the face amount of the certificate. Now you can just file it away and let it make money for you!
5. For a Tax Certificate to be redeemed, the County Tax Collector must collect the face amount, plus all accrued interest, penalties and a Tax Collectors cancellation fee. In essence, the tax collector is working for you! You get your full investment returned to youplus high-yield interest and any extra charges!
6. As the holder of the certificate, you can force a public auction after 2 years if the delinquent taxes arent paid. It is an open auctionand to acquire the property, the certificate holder must make the highest bid. Once the property is transferred to you, all other lien against the property including mortgages are wiped out! (With the exceptions of any government liens).
7. You now own the property!...free and clear! Just remember to pay your property taxes so you dont end up on the other side of this secure way to build consistent wealth!
Ted Thomas is America's authority on Tax Certificates. He's taught thousands of students to invest with the government, getting up to 245 returns and more. This is a system that anyone can duplicate. It's safe, simple, and secure. If you're looking for ways to get bigger returns on your Investments, Sign up for Ted's Investing Tips ($87 value) just visit his website at http:taxcertificatetips.com or http:besttaxcertificates.com.
Taxation in the News
When taxes attack: Can your business handle tax prep, or is it time to outsource?
The company is being sued by the state for failing to pay unemployment insurance taxes, or is being audited for failure to remit sales taxes or payroll taxes. 'A mistake we see with the sales tax is the business collects the money but it never gets
Big medical bills may add up to qualified tax breaks
(Detroit news photo illustration / Photos from isto) Taxpayers swamped by big medical bills in 2011 can get some relief when they file income tax forms this spring thanks to an overlooked deduction that is hard to reach in a typical year. The IRS lets
Feds targeting tax return fraud
Maybe you had a lapse of memory but most likely you have become the latest victim of tax fraud. The Internal Revenue Service and the Justice Department have been cracking down on suspected identity theft perpetrators to curb the growing issue of refund
China bars airlines from EU tax plan
Chinese airlines had previously said they would not pay the EU carbon tax, but the formal prohibition by the State Council, or cabinet, pits Beijing in direct opposition to Brussels. The announcement, published on Monday by Xinhua, the official news
Tax tips for February
Folks who have been victims of tax identity theft should have gotten a special Identity Protection PIN (personal identification number) by now, according to David Mellem, an enrolled agent in Green Bay, Wis. Julianne Breitbeil, an IRS spokeswoman,
EU Transactions Tax Will Hit Hardest in London, ITEM Club Says
6 (Bloomberg) -- A proposed European tax on financial transactions may cost British-based companies as much as 22 billion euros ($29 billion) a year and cause 4500 job losses whether the UK agrees to it or not, according to Ernst & Young LLP's ITEM
A Salve for a Taxing Moment: The Vodafone Ins...
The two judges did not think that Vodafone's purchase of Hutch's business was done in a manner to avoid taxes. The two judges also said that the shares that gave Vodafone control over Hutch's telecom business in India were registered outside the
Taxes
What is tax?
A tax is a financial charge or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state (for example, secessionist movements or revolutionary movements). Taxes could also be imposed by a subnational entity. Taxes consist of direct tax or indirect tax, and may be paid in money or as unpaid labourInteresting articles
Getting a Tax Credit for Your KidsMarriage and Taxes
Tax Information for Small Businesses
Filing An Income Tax Return
IRS Debt Help 5 Options To Getting Rid Of Tax Debt
7 Common Overlooked Tax Areas and Savings
How The Gift Tax Works
Writing Off Vehicles as Tax Deductions