Posted by Brian Jasper co. Ia on March 21, 2013 at 11:55:22 from (108.178.209.250):
In Reply to: Real Estate taxes posted by Fritz Maurer on March 20, 2013 at 18:28:15:
OK, so just for the sake of discussion you sell some real property that has outstanding taxes on it. You make the deal for say $10K above the tax bill. The buyer hands you $10K, and you go your separate ways. You potentially have a capital gains issue, if the buyer doesn"t pay the taxes on the land, the taxing authority eventually has a tax lein sale on the property. That was how it was explained to me when I sold a mobile home on a piece of land in Decatur co Ia. The buyer in my case didn"t pay the taxes, never even recorded the transaction as far as I could tell. When Decatur co tracked me down and asked me to pay the taxes I said have a tax sale, I have no interest in the property anymore. I never heard anything out of them after that...
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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