I know that whatever profit there is on the sale would first go to the IRS toward the tax lien, but I am not sure how the tax lien will affect the sale. By the way, after selling the property the tax lien will not be totally paid off. All of the money from the sale will go toward the lien and it won’t be enough to pay the entire debt. Does that effect the sale?Will it take longer to close the deal? does the IRS have to sign off on it? How does it affect the marketing of the property and does it affect the buyer in any way?

Is it true that if you purchase real estate in Maine even if its an investment property that you and your spouse have to pay Maine income tax? (we do not live in Maine) Looking to purchase a multie family near Orono for child at UMO , I will never use it as a vacation home but will sell it when she gets out of school in 5 years. Any help would be great.

This is a Stock Savings Investment Program (SSIP) where my employer matched stock 1 for 1 through the years. It is set up as an IRA for Retirement. I want to buy investment property and have been told that capital gains tax can be paid rather than ordinary income tax. Obviously there is a huge advantage to this if it is legal