Ethical Approaches To Property Tax Lien Management

property tax lien eithics

Property Tax Lien Asset Management Ethics The National Tax Lien Association (NTLA) developed a code of ethics for the management of tax liens for investors. The NTLA focuses on the education of investors and ethical investment and administration of tax liens nationwide.  Centerbridge Law Group voluntarily adheres to the NTLA Code of Ethics when managing … Read more

What Is A Property Tax Millage Rate?

property tax millage rate

What Does Property Tax Millage Rate Mean? A millage rate is the tax rate used to calculate local property taxes. The millage rates represent how much $1,000 of a property’s assessed value will be taxed annually for each taxing entity with jurisdiction over it, where 1% equals .001 or 10 mills. Assigned millages are applied … Read more

Due Process Rights In Property Tax Appeals Reinforced

Property Tax Appeals - Chicago

Due Process in Property Tax Appeals Upheld By 7th Circuit Generally, the Tax Injunction Act (28 USC 1341) prohibits federal courts from exercising jurisdiction over state tax disputes where the state had afforded the taxpayer a “plain, speedy and efficient” process to remedy tax disputes where federal constitutional claims may intersect.  However, this requires that … Read more

Deduct Your Child’s Allowance: Tax Advantages of Owning a Small Business

If you’re self-employed, there are many deductions available to you that the average person without a business can’t take advantage of. In fact, if you don’t have a small business, you might consider the many financial benefits of starting one. Simply making an honest effort to earn income from what is normally just your hobby … Read more

IRS Says It Found Millions in Tax Credit Fraud on Electric Vehicles

According to research conducted by Forbes magazine and the Treasury Inspector General, potentially $100 million in EV credits were wrongfully claimed since 2013. The Service publishes a list of allowable vehicles that are eligible for credit. In general, the credit is limited to plug in electric vehicles, and is subject to a phase out. Forbes found … Read more