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LSDefine

Simple English definitions for legal terms

tax sale

Read a random definition: sole proprietorship

A quick definition of tax sale:

Tax sale: When someone doesn't pay their taxes, the government can take their property and sell it to get the money they're owed. This is called a tax sale. They usually sell the property at an auction, and the money from the sale goes towards the unpaid taxes. If the person pays the amount owed within a short time, they can get their property back. Sometimes, instead of selling the property, the government sells a lien on the property to a creditor, and the property owner has to pay them back with interest to cover the unpaid taxes.

A more thorough explanation:

Definition: Tax sale is a way for the government to collect unpaid taxes by auctioning off a person's property or liens on their property. This usually happens after the taxpayer has fallen behind on their tax payments.

The most common type of tax sale is when the government sells the actual property in a public auction. The money from the sale is used to pay off the unpaid taxes, and any remaining money goes back to the taxpayer or their creditors. The taxpayer usually has a short period of time to pay the buyer the amount they paid at the auction and regain ownership of the property.

Another type of tax sale is called a tax lien sale. In this type of sale, the government sells a lien on the property to a creditor. The property owner then has to pay periodic installments and interest to the lien holder to cover the unpaid taxes.

For example, if John owns a house and falls behind on his property taxes, the government may hold a tax sale to collect the unpaid taxes. They could sell John's house at a public auction, and the money from the sale would go towards paying off the unpaid taxes. If there is any money left over, it would go back to John or his creditors.

Another example would be if Sarah owns a piece of land and falls behind on her property taxes. The government could hold a tax lien sale and sell a lien on Sarah's property to a creditor. Sarah would then have to make periodic payments to the creditor to cover the unpaid taxes.

These examples illustrate how tax sales work and how they are used by the government to collect unpaid taxes.

tax return | Tax shelter

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cumsock
10:45
what if ur irish and u are pale enough to reflect light does that mean ur deficient
@GreyCeaselessMammoth: i eat mostly whole foods now on my day to day and its the best
PuppyBot
10:45
maybe. i also burn. so i dont get how im deficient
GreyCeaselessMammoth
10:46
well i'm white but my stepdad is egyptian so i've been there a bunch and raised in a multi-gen egyptian household
10:47
Bio Chemistry is odd, some ppl just cannot absorb certain nutrients/vits. Like some calcium deficient ppl actually loose more calcium when they increase intake.
10:48
also some ppl are hyper sensitive to hormones/vit/nutrients.
JumpySubsequentDolphin
10:48
@GreyCeaselessMammoth: love my masris
JumpySubsequentDolphin
10:48
@PuppyBot: I burn bad i don’t get it either
cumsock
10:49
i burn worse
shaquilleoatmeal
10:49
deficiencies are one thing, what scares me the most is if i ever became antibiotic resistant
GreyCeaselessMammoth
10:50
i'm going again to egypt this summer, i think it'll be my last time for a while, at least until after law school
PuppyBot
10:50
i wonder if renard is going to get me that snowglobe from paris
GreyCeaselessMammoth
10:50
@JumpySubsequentDolphin: my cousins wife is palestinian, their wedding was so cool. it was neat learning about the palestinian wedding traditions
PuppyBot
10:50
prob not :/
10:51
I tan super well, its a wild blessing being eastern european and doesnt make much sense
10:51
@Mostlylegal: same. During end of summer i am darker than some black ppl
JumpySubsequentDolphin
10:51
@GreyCeaselessMammoth: hehe my brother’s wife is Egyptian. but omg I love palestinian weddings. did they have a zaffeh/dabke group perform
10:51
I used to get called hispanic a lot, same for my mom
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o well we all the same race
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one love
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<3
10:53
its so obvious when someone is dragging their feet at work and it kills me, i hate it so much
jackfrost11770
10:54
mostly legal tan slav gang rise uo
jackfrost11770
10:54
we are a select few
10:54
fr fr, that kazakh blood is def doing it for you
@Mostlylegal: same but i’m brown so i just get browner
jackfrost11770
10:54
yeah haha also my dad grew up in odessa
lilypadfrog
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cramping up at work. i don’t even care anymore
jackfrost11770
10:55
so anything south russia is like basically tropical climate lmfao
shaquilleoatmeal
10:55
5 mins till lilly gets mich
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