What Is 1031? also referred to as a 1031 Exchange or Like-Kind Exchange, and falls under Section 1031 of the Internal Revenue Code. This tax section deals with property value in sale of business or trades and other like sales. Contact us to get your property exchange prepared & filed by a qualified
Property Exchanges
professional.
Need Help with
1031
issues ?Then contact us now >
Definition:
(1) A lien for nonpayment of property taxes. Attaches only to the property upon which the taxes are unpaid. (2) A federal income tax lien. May attach to all property of the person owing the taxes.
Tax Deed
Definition:
A written document conveying title to property repossessed by the government due to default on tax payments.
Tax Levy
Definition:
In terms of property taxes, the total revenue to be generated by the tax.