Tax lien sale questions?

Question

can 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.

Answer 1

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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Answer 2

Insider info for this would be useless because when the property goes up for tax sale , it is published for everyone to see .
Inside info of No benefit AND
You have to pay off all the liens before you can acquire the property anyway .
The liens are Not secret , everyone or anyone knows and can bid on the property .

>

Answer 3

well let me tell you---my dad worked for the post office and he delivered many many checks to the same person. a welfare check, disability check, social security check etc......
as a government servant he was not allowed to turn anyone in...it would cause too much problems for the angency (post office).

i would assume the same for you....if you start snitching on employees - your employer will eventually be held liable for what you are doing and you will lose your job and the respect of others.

how, where, when, what ---the liens are levied or taken care of is really of no concern to you. if you are presented with paperwork from the government to garnish wages...that is all you need to do....nothing else.

i want you to remember KARMA....
What comes around - goes around...and if you are bold enough to disrespect others by becoming a snitch, you will eventually pay for it. maybe not today, maybe not tomorrow..but eventually bad luck will come to you.

do your job...and only your job...the IRS is not paying you to be a snitch (i hope).

good luck :)