Government Tax Deed Sales

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Note: Mcdougal is not a CPA or tax professional. This article is for general information purposes, and will not be construed as tax good advice. Readers are strongly asked to consult their tax professional regarding their personal tax situation.

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B) Interest earned, however, not paid, throughout a bond year, must be accrued following the bond year and reported as taxable income for your calendar year in in which the bond year ends.

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Filing Arrangements. Reporting income isn't a requirement everyone but varies the actual use of amount and kind transfer pricing of pay. Check before filing to the business you qualify for a filing exemptions.

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