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Invitation For Bid TAC144F Collection ServiceGeneral Accounts ReceivablesFinance Department Issued: November 9, 2017City of Tulsa, Oklahoma Addendum Page 1Issued December 5, 2017Addendum #1 Please

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What is irs auction - sales?

IRS auction sales are auctions conducted by the Internal Revenue Service (IRS) to sell off property seized for nonpayment of taxes.

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Individuals or businesses who have purchased property at an IRS auction sale are required to file IRS Form 8282, Donee Information Return.

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The purpose of IRS auction sales is to recoup unpaid taxes by selling off seized property to the public.

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Information such as the date and price of the purchase, as well as details about the property being sold, must be reported on IRS auction sales.

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