Can the IRS levy on buildings affixed to a ground lease?

Answer The IRS can only put a levy on property that is owned by the person who is delinquent in paying taxes. If a structure is on leased land but is owned by a delinquent taxpayer, then the IRS can put a... Read More »

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Can the irs levy on a property affixed to the land of a lessor?

The Internal Revenue Service can, and will, place a levy on the property of a lessor. The term lessor means someone who owns property and rents it to someone else. Being a lessor is no different th... Read More »

Why do people pay to go up tall buildings and then put money in binoculars to look at things on the ground?

Interesting question. I guess they don't understand that's just another way of taking your money away.

Can the IRS attach a lien to ground lease improvements?

The IRS treats improvements upon ground lease property like any other security or real estate holding. The IRS can seize or attach tax liens to such improvements, subject to rules of subordination ... Read More »

Is ground lease rent regarded as passive income?

Yes--ground lease rent is regarded as passive income. The Internal Revenue Service states that there are only two sources of passive income: "a rental activity" or "a business in which the taxpayer... Read More »