You May Qualify for a Special New Vehicle Tax Deduction for State and Local Sales and Excise Taxes
As a result of steps taken to stimulate the economy, which included rebates and incentives to sell cars during 2009, many taxpayers purchased new vehicles. If you did purchase a new auto and vehicle purchase, you should be aware that purchasing a new car, light truck, motor home or motorcycle that has a gross vehicle weight rating of less than 8,500 pounds, may qualify you for a special deduction for the state and local sales and excise taxes on your 2009 income tax returns.
Tax Liens 101
So, what is a tax lien. Well, a tax lien is when real or personal property is attached and used to secure the payment of unpaid taxes. Tax liens may be used for taxes owing on the asset itself or they can be used as a way of “encouraging” taxpayers to pay their delinquent income taxes.
The Key To Your Investing Success Is Tax Lien Certificates
From time to time, something happens and someone fails to pay their taxes. In many cases this is a simple oversight and they make arrangements with the government to pay their taxes and everything goes on as normal. However, in those situations where the individuals do not make good on the taxes that they owe, the government can (and usually will) place a lien on property owned by the person in question.
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