Is There A Time Limit for Lien Holders To Collect The Overage for Tax Sales In Georgia
For Georgia (GA), it’s currently (5) years.
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Ohio Tax Lien Research & Notes
Ohio sells tax liens to private individuals, which can later be foreclosed upon. When they are foreclosed upon any excess funds are recoverable as “overages” from the county treasurer which is the party who holds them. The excess funds one needs to ...
Should One Collect Sales Tax When Redeeming Lawful Money
Legal counsel has stated that any sales tax collected is done so on behalf of the State Franchise Tax Board, the collector acting as "agent" for the state. It is illegal for one to collect sales tax and then keep the money as additional income. NOTE: ...
When Is The Overage Created For Tax Lien And Tax Deed States
In tax lien and tax deed states which have a redemption period, the overage is created only after the redemption period expires.
When is Use Tax or Sales Tax Collected
Any individual, business, corporation, or other entity is liable for use tax, when sales tax is not collected by the seller and the item is delivered in the same state of registration/incorporation. For example, registering in South Dakota a seller ...
How Long Do Tax Liens Last Before Expiration
At a minimum, Internal Revenue Service (IRS) tax liens last for 10 years. After that, the debt is wiped clean (released) from its books and the IRS writes it off. This is called the 10 Year Statute of Limitations per IRC § 6322, "The federal tax lien ...