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Can someone else pay my back taxes?

Writer John Peck

Can someone else really pay your taxes? Yes. It’s not uncommon for corporations to pay taxes on behalf of their high-level executives. Having someone else pay your taxes can get tricky, since the government counts the amount that person pays as taxable income.

Can the IRS go after your family?

Your family and friends won’t be vulnerable to IRS collections for your tax debt when you die. Following your demise, any outstanding tax liability must be paid before your assets are allocated to your heirs.

Do you own the property if you pay back taxes?

If the owner doesn’t repay the back taxes plus interest and bring the property current, then the person who bought the back taxes would own the property outright. So, no, paying both years of property taxes doesn’t make the property yours.

How can I get my property tax paid by someone else?

The easiest way to obtain ownership rights is through a non-contested will that designates that you own the property, regardless of who makes the property tax payments. Without a will in place, the courts would follow state laws that determine the rightful owner of the property. CAN I PAY BACK TAXES ON SOMEONE ELSE’S HOUSE?

What happens if you dont pay property tax?

If that’s the case, you should inform the current owner, presumably your grandchildren, that you will no longer pay these taxes, so they can make other arrangements to have them paid. Otherwise, they could lose the house for non-payment of taxes. More on Topics Related to Does Paying Property Tax Give Ownership?

How long does it take to pay back taxes on a house?

Typically, the owner has two years (sometimes less, sometimes more) to repay the taxes plus interest that the buyer of the back taxes sets. Then, the owner would get the property back. If the owner doesn’t repay the back taxes plus interest and bring the property current, then the person who bought the back taxes would own the property outright.