My church recently split off and sold a vacant parcel of land. The Church is a 503C. Do we need to pay state and county real estate transfer tax on this sale?
My church recently split off and sold a vacant parcel of land. The Church is a 503C. Do we need to pay state and county real estate transfer tax on this sale?
Posted in Land For Sale
Tagged 503c, C. Do, CHURCH, corporation, county real estate, Estate, Michigan, non, parcel, parcel of land, profit, profit corporation, split, State, state of michigan, tax, transfer, vacant parcel
reporting and offering assistance to governmental and law enforcement authorities and agencies to reveal fraud and embezzlement in the development and real estate and mortgage businesses. Prev. worked with fbi in Detroit Mi to successfully prosecute for same with Oakland County Real Estate developers. This event is much larger.
My church recently split off and sold a vacant parcel of land. The Church is a 503C. Do we need to pay state and county real estate transfer tax on this sale?
Posted in Land For Sale
Tagged 503c, C. Do, CHURCH, corporation, county real estate, Estate, Michigan, non, parcel, parcel of land, profit, profit corporation, split, State, state of michigan, tax, transfer, vacant parcel