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Get the free Tax Recapture FAQs for Land BanksRevised - Michigan

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RESOLUTION NO.092019RESOLUTION TO ADOPT TAX CAPTURE WAIVER POLICY WHEREAS, the Detroit Land Bank Authority (the \” ALBA\”) was created in order to assemble or dispose of vacant, tax foreclosed,
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Tax recapture FAQs are for providing guidance and information on how to handle potential recaptured taxes.
Individuals or entities who have engaged in transactions that may trigger tax recapture are required to file tax recapture FAQs.
Tax recapture FAQs can be filled out by providing accurate information about the transaction that may trigger tax recapture and following the guidelines provided.
The purpose of tax recapture FAQs is to ensure that taxpayers understand their obligations regarding potential recaptured taxes and how to properly handle them.
Information such as the details of the transaction triggering tax recapture, the amount of potential recaptured taxes, and any relevant documentation must be reported on tax recapture FAQs.
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