We also had a transient tax and municipality as well.

If the OP doesn't pay the taxes then the property will go to tax sale again and he will be wiped out.

If your friends have a rental they should hire a tax professional. 

There comes a point where having a real estate-savvy tax preparer outweighs your time learning a new software. 

And, Turbo tax Business software is $163.

So often rentals don't have taxable income; and once they do it's still not subject to the payroll taxes paid by W2 wages or on self employed income. 

I've created a free interactive map for the upcoming Philadelphia tax sales auction, where you can easily see the location of each property along with its auction ID.

Right...1st I would say the tax sale wiped out any liens. 

However, once you decide to hire a true tax professional (and not one from AL), you will discover that your $1,500 tax preparation price without a partnership suddenly turned into a $3,500 price with the partnership.

Contributions to SEP IRAs can be done after you file your taxes.