Citizens in the city of Fall River, Massachusetts, got something a little different in their property tax bill last month. Along with a statement for their quarterly property tax bill, they also received an affidavit that they had to sign and return to the state department of revenue confirming their address and ownership of the property.
The IRS has some very interesting rules when it comes to reporting the income and assets of divorcing couples. Before you check the "married" or "single" box on your tax return, keep in mind that the IRS wants to know what your marriage status was on Dec. 31. If your divorce became final on Jan. 1, you must check the married box.
A new study by the National Consumer Law Center said outdated state and local municipality laws are making it possible for people who are delinquent on their property taxes to lose their homes. For as little as $400 owed in property taxes, local governments are placing tax liens on the houses, seizing the property, then selling the tax liens to big banks and other investors.
The IRS files federal tax liens against taxpayers in Suffolk County whom they believe are dodging their tax obligation. This action usually comes after years of letters and warnings have failed to get the money. According to the IRS, a federal tax lien is a legal claim against all your property including your real estate, financial assets and other personal property.
In the last few weeks, this blog has discussed the criminal penalties and fines taxpayers can face if they file incorrect or fraudulent tax returns. However, it is important to recognize that taxpayers can commit misconduct that doesn't rise to the level of a criminal infraction and still face serious consequences.
Not even Boston churches are immune from tax collection cases. It has been reported that the Catholic Archdiocese of Boston is attempting to recoup past property taxes it already paid on a former church. That church, located in the town of Scituate, was closed in 2004. The tax refund claims in dispute were paid between 2008 and 2011.