close
    1. Home
      2. ›
    2. Business & Finance
      3. ›
    3. We have some property via an LLC. We have tried to sell it for over five years. The taxes are simply beyond our ability to pay them any longer. Can we just abandon the property? Just stop paying the taxes?
    We have some property via an LLC. We have tried to sell it for over five years. The taxes are simply beyond our ability to pay them any longer. Can we just abandon the property? Just stop paying the taxes?

    Answer this
    0  Views: 592 Answers: 1 Posted: 12 years ago
    Comment this question

      1 Answer

      Lower the price you are asking for the property. You will lose your credit rating if the state puts a lean on it and then takes it to sell themselves. If it sells for less than the taxes owed (plus fees) you are still responsible for the outstanding taxes and fees. 

      12 years ago. Rating: 1
      Comment this answer



        Did this answer your question? If not, then ask a new question.
        Related Questions In This Category
        888ppink
        Answers: 0 | Views: 28 | Rating: 0 | Posted: 5 days ago
        Dynasty intimates
        Answers: 0 | Views: 21 | Rating: 0 | Posted: 2 days ago
        13wingpnet
        Answers: 0 | Views: 14 | Rating: 0 | Posted: 15 hours ago
        ok8386ucomvn
        Answers: 0 | Views: 18 | Rating: 0 | Posted: 11 hours ago

        Top contributors in Business & Finance category

         
        ROMOS
        Answers: 97 / Questions: 0
        Karma: 4305
         
        Colleen
        Answers: 215 / Questions: 0
        Karma: 4020
         
        Benthere
        Answers: 1 / Questions: 0
        Karma: 1905
         
        Ducky
        Answers: 35 / Questions: 0
        Karma: 1890
        > Top contributors chart
        555439
        questions
        778852
        answers
        915356
        users