For example, 99% of people don't know how to find their future property tax payment when buying in Michigan and I've seen it destroy cash flow when they finally get that new tax bill.Anyway, yes... you can find this in Detroit if you know what you're doing.

; if they have 50K for example, they should be paying out of their pockets.2) are they receiving unemployment insurance (with the extra $300 / month or $600 / month in federal money); all at taxpayers expense; if so they have to pay 25%-50% towards rent or mortgage3) are they getting PPE (payment protection through their work place?)

This is a hypothetical question, but what would the taxing entities forgive property tax payments if a person were to claim force majeure? 

Once the returns are filed, the amount the taxpayer pays is regular tax plus penalties.Also, the IRS will do "an offer in compromise" and adjust the amount to as little as 10% of the actual amount if the couple is elderly with few assets.

. $600 - $1,000 a month is enough for most of my renters yet the feds are handing out up to $5,000 per person in one month with no demonstration of need.This would have reduced the administrative burden and the amount of tax-payer money handed out.

It covers issues such as rental agreements, security deposits, prepaid rent, evictions, installment contracts, credit card interest rates, mortgage interest rates, mortgage foreclosures, civil judicial proceedings, automobile leases, life insurance, health insurance and income tax payments.

This post is being added for those who are buying a property at sheriff sale in PA and the property has a deceased owner, to be aware of the potential for a silent / undisclosed inheritance tax lien.https://www.biggerpockets.com/forums/580/topics/839134-pennsylvania-inheritance-tax-payment-for-a-sheriff-sale-property

It talks about all the material participation rules, and how to ruin a taxpayer's day.Having a W-2 job is likely a killer... but at the same time, if that W-2 is not material or if your reliance on that income is not material, then we say go for it.

Moreover, three-quarters of all audits are correspondence audits in which the IRS sends the taxpayer a letter in the mail asking about one or two issues.

Far too many taxpayers draw up their tax return in their head without a real plan.