Who is the rightful owner of excess proceeds?

This is where the “secret business opportunity” exists in collecting excess proceeds. The county has rules in place where these excess proceeds can be claimed by their rightful owner – usually for a designated period of time (which varies from state to state). And who exactly is the “rightful owner” of this money??

Are there pros and cons of pursuing excess proceeds as a business?

Pursuing Excess Proceeds as a business offers some pros and cons. All are important to weigh in your decision on whether or not to add this strategy to your real estate investing repertoire. This strategy requires minimal effort on the selling side (and if selling is something you absolutely hate – this may influence your decision).

How to collect excess proceeds from tax sale?

Step 1: Verify that you can actually collect excess proceeds in your state (use the map above as a starting point – but verify its accuracy with a third-party professional before you get started). Step 2: Get a delinquent tax list .

Why are there so many ridiculous tax loopholes?

This article originally appeared on GOBankingRates.com: 16 Ridiculous Tax Loopholes The Internal Revenue Service allows tax deductions to promote certain behaviors, like saving for retirement, or to make the tax code fair to all taxpayers. Because these deductions can save you money, you’ll want to take all the ones you are entitled to.

Why are there so many loopholes in the law?

These are due to the way the laws are written, poorly thought out laws, and using almost inapplicable laws to justify actions. In other words, your lawyer may be able to find a way out of certain problems in certain states by manipulating certain laws. Here are seven of the most outrageous loopholes that you can find throughout the country.

Are there any tax loopholes for annual events?

This might not sound like much for the average house, but some homes that are located near annual events, like the Masters Golf Tournament or big college football games, can earn a big chunk of change during those big weeks.