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What states conduct their tax lien auctions online

hfghght posted @ 2014年9月10日 10:02 in 未分类 , 128 阅读

Any feedback will be great!!There are many counties that conduct tax lien auctions online. They also host Tax Deed auctions for several counties in FL. They are behind the huge Maricopa AZ (Phoenix) http://www.officialfootballravensstore.com/WOMENS-JONATHAN-OGDEN-JERSEY.html online auction.

While it may seem Illinois has online auctions, you need to look Ray Lewis Jersey closely at the auctions. You can do research and bids online, but to actually bid, you have to be at the county building the day of the auction.

I been using online auctions for Tax Lien Certificates for the past few years and love it. You can get a lot of auction data from the previous year and create a spreadsheet based on Joe Flacco Jersey last year results and create a bid strategy for the next auction. Since most online auctions will only take ACH (wire transfers) of funds as a deposit and payment, you have to look to a more expensive option.

That the type of account you describe. You create an LLC where you are a non owner manager of the LLC. You open an IRA (or IRA Rollover) and buy 100% of the shares of the LLC. Thus you own shares of the LLC just like you would buy and own shares of a mutual fund.

The IRS allows you to own shares of mutual funds. LLC etc. The LLC can open a business checking account. So by buying all the shares of the LLC, the money the LLC receives from you goes into the checking account. You as a non owner manager of the LLC can then use that money to invest in stocks, bonds, tax lien certificates, etc. And because it in a checking account you control and not the custodian, you can ACH the funds www.officialfootballravensstore.com/WOMENS-HALOTI-NGATA-JERSEY.html to an online tax lien auction site and buy tax lien certificates and pay via ACH.

It costs money to have the LLC created with you set up as Joe Flacco Limited Jersey a non owner manager. That is where the costs can get to be a couple of thousand dollars. There are some companies that help you get it all set up and they charge the higher end fees of $2k $4k. You need to have a custodian who will work with the setup you described.

If you are ever audited, you need to have crystal clear documentation that proves every penny that went into the Ray Lewis Elite Jersey LLC company was used to purchase investments. No money can be taken out and used for personal use otherwise it is an IRA withdrawal and subject to penalties and taxes.

I looking to get this set up for an IRA rollover account of my own. I have a meeting with my accountant to discuss the best way to put this together without all the high setup fees.


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