By

Matt Malcolm
UPDATED March 23, 2020, to reflect Kentucky’s adoption of income tax relief announced by IRSOriginally published March 20, 2020 In light of the COVID-19 pandemic, the IRS announced that individuals and businesses will be given 90 extra days to file their Federal income tax returns and pay any tax liabilities resulting therefrom. The due date...
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In Indiana, real estate may be sold at a “tax sale” if the owner fails to pay real property taxes.  Similar to a sheriff’s sale, a tax sale is an auction and prospective buyers bid on a property, hoping it will be a profitable investment.  While each county has its own tax sale procedure, all...
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When seeking to monetize a real estate property, real estate owners often attempt to draft a “lease with option to purchase” contract, which provides the occupant with an option, but not an obligation, to purchase the real estate at the end of a defined term. Alternatively, real estate owners may desire to enter into a...
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Pursuant to federal legislation enacted by Congress in 2015, the IRS announced today that it will begin collecting unpaid taxes through private collection agencies. Specifically, the IRS has announced that it will be contracting with the following companies for collection purposes: CBE Group, 1309 Technology Pkwy., Cedar Falls, IA  50613 Conserve, 200 CrossKeys Office Park,...
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The Indiana 2015 Tax Amnesty Program, which ends on November 16, 2015, offers Indiana residents an opportunity to pay unpaid Indiana taxes without having to pay penalties, interest and collection fees. The incentive is clear, but many Indiana residents have been receiving notifications from the Indiana Department of Revenue stating eligibility for this program when,...
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In 2005, taxpayers owed Indiana nearly $1.6 billion in unpaid taxes. In an effort to raise revenue, then-Governor Mitch Daniels authorized Indiana’s first ever tax amnesty program. The program was simple: if individuals or businesses would pay their overdue taxes, the Indiana Department of Revenue would remove all penalties, interest, collection fees, and tax liens...
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To most, it may seem obvious that a subcontractor would have the obligation to seek an explanation when there is an unknown symbol on the architectural design drawings to be used for a new construction project. The truth is, however, such obligation really depends on the specific situation. Seemingly small mistakes in this area may...
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