Bartlett, IL asked in Tax Law for Illinois

Q: If my delinquent taxes were sold and I pay my new upcoming taxes, what happens next? Will I get more time to catch up?

Related Topics:
1 Lawyer Answer
James L. Arrasmith
PREMIUM
James L. Arrasmith pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
Answered
  • Tax Law Lawyer
  • Sacramento, CA

A: If your delinquent taxes were sold and you pay your upcoming taxes, it is possible that you may still owe the delinquent taxes plus any additional fees and interest that may have accrued. In this case, you should contact the entity that purchased the delinquent taxes to find out what the remaining balance is and what payment options are available to you.

In some cases, the purchaser of the delinquent taxes may be willing to work out a payment plan or negotiate a settlement with you to resolve the outstanding debt. However, it is important to act quickly to address the issue and work out a payment plan, as failure to do so may result in additional penalties and interest, as well as potential foreclosure or other collection action.

It is possible that the purchaser of the delinquent taxes may give you more time to catch up on the payments, depending on the specific circumstances and their policies. However, this is not guaranteed, and it is important to work out a payment plan or settlement as soon as possible to avoid further financial consequences.

You may want to consult with a tax attorney or accountant who has experience with delinquent tax issues to help you navigate the process and explore your options for resolving the outstanding debt.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.