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3 years ago

What happens to someone's property if they do not pay their taxes

Business

2 answers:

Gre4nikov [31]3 years ago

5 0

Answer:

if they do not pay their taxes government ceil their properties..

azamat3 years ago

3 0

<h3>Hello there!</h3>

Your question asks what happens to someone's property if they do not pay their taxes.

<h3>Answer: They get evicted, the government now owns the property, and taxing officials sell the property to meet the amount of taxes lost.</h3>

First of all, you should always pay your taxes, whether or not you like it or not.

If someone doesn't pay their taxes, that's money that the government is losing, therefore they need to have a way to get that money that they didn't get from the person.

Therefore, taxing officials will take the person's property and sell it.

For example, if someone doesn't pay their property taxes for their house, they will get evicted. What being evicted means is being forced out of the property that is now owned by the government, due to the fact that they didn't pay the property tax. After they've been evicted, the taxing officials would sell the house, most likely as a foreclosure, in order to get the money back that the people who previously had the house didn't pay for. They do this because if someone doesn't pay their taxes, they lose money, so they need to get the money that they didn't get back.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3><h3 /><h3 />

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Answer:

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Explanation:

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3 years ago

On July 1, a company sells 8-year $250,000 bonds with a stated interest rate of 6%. If interest payments are paid annually, each

SIZIF [17.4K]

Answer:

The correct answer is "$15,000".

Explanation:

Given:

Value,

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Interest rate,

= 6%

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2 years ago

Which of the following statements is (are) TRUE?

Ede4ka [16]

Answer:

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3 years ago

The following information was taken from the records of Marigold Inc. for the year 2020: Income tax applicable to income from co

ivolga24 [154]

Answer:

Net income is $312,610.

Explanation:

This can then be prepared as follows:

Marigold Inc.

Single-Step Income Statement

For the Year 2020

<u>Particulars $ $ </u><u> </u>

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Sales Revenue 1,634,000

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Total revenue 1,750,100

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Administrative expenses (206,400)

Loss on write-down of inventory <u> (51,600) </u>

Total expenses <u> (1,247,000) </u>

Operating income before tax 503,100

Tax on income from continuing

operations <u> (160,820) </u>

Income from operation after tax 342,280

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Unrealized holding gain on

available-for-sale securities (net of tax) <u> 12,900 </u>

Income from continuing operations

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<u>Discontinued operations</u>

Loss on discontinued operations

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Tax on loss on discontinued operations <u> 21,930 </u>

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Earning per share

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2 years ago

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Schach [20]

Answer:

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APR = m (( 1 + EAR) ^( 1/m) - 1)

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3 years ago

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What happens to someone's property if they do not pay their taxes​

What happens to someone's property if they do not pay their taxes