Owing Back Taxes on A Property Purchase

Welcome to Advantax, I’m Kevin DeSanti with your PropTax Minute. Consider this scenario. You go to your favorite restaurant, sit in your favorite booth and order your favorite meal. After enjoying that meal and paying the bill, you receive an additional bill. You’re confused!?! The manager explains that the additional bill is to make up the difference for prior customers who sat in the booth and received discounts. Senior discounts, child discounts, reductions from coupons. In fact, not only does he want you to pay the difference between what their bill would have been and what it was with the discount, he has also added interest. That sounds crazy, right? A company recently purchased land in Texas for a restaurant they were planning to build. Shortly after completing the purchase, they

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