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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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Balance of payments (BOP)

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The answer is:

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Explanation:

Notes are often a key component of how a business finances its operations. For purposes of accounting, it's important to be able to calculate the maturity value of a note to know how much a business will have to pay or receive when the note comes due.

In general, notes are a form of short-term commercial financing. The maturity value is the amount of money that the company would receive when the note comes due.

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I = P*r*t

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r= interest rate

t= time

To calculate the Maturity Value you need to sum the principal to the total interest accumulated over time.

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<u>In this exercise:</u>

Principal: $4000 r=11,5% t=60 days

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I=900*0,1225*(120/360)= $36,75

Maturity Value= 900+ 36,75= $936,75

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Answer:

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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