How to deal with taxation and the IRS for tax lien investments
On July 30, 2009 in Uncategorized
So here comes the boring bit about tax liens - and many other forms of mortgages and borrowing vehicles. Talking about tax makes me do one of two things. Either yawn or get very, very cross. Unfortunately it is a very necessary part of the whole Buy to Let and tax lien certificates structure and must be fully understood. (A good accountant, let me say, is invaluable because he or she will advise you on the various complications that can, and will, arise.)
Of course, tax must be taken into account when doing your sums so that you can correctly predict your net profit. There are two different types of tax which affect us landlords:
income tax
capital gains tax (CGT).
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