by admin » Sun Jul 20, 2008 7:52 pm
Don't worry about it. The notary is obligated to send that to the IRS. The copy you get is for the Registry to prove that the document was sent by the notary. It is an internal paperwork shuffle. It does not prove ownership. In fact, if you request a certificate from the IRS is states right on it that it does not prove ownership.
The IRS web site database is about a year behind in updating those documents when they get them ( forget the public web site ). You can make a presentation to change the name, but don't bother. At the end of the day, just make sure your property taxes are paid quarterly ( they no longer allow you to pay in advance). Even when they are not paid on time, it takes the IRS a long time to get around to seizing property. For example, we have had clients fall behind up to two years on it before they started the seizure proceedings. Still, I would not recommend falling behind. Just if you do, you have some margin for error.
You can check the status and make your payment at any IRS office.
So, no worries on that front.
Now that they have changed to quarterly payments and they don't accept payments in advance, we have added this as a service for our clients to care of it for them for the whole year. Clients pay us outside the country, and we pay the IRS.
A lot of times the property tax is a silly small amount of money ( like 17,000 pesos a year ), but it is sufficient to get your property auctioned if you ignore it or forget about it for too long.
Spencer Global Chile: Legal, Relocation, and Investment assistance in Chile. Free Consultation.
For more information visit: http://www.spencerglobal.comFrom USA and outside Chile dial 1-917-470-9653, in Chile dial (56) 65 42 1024 or a cell 747 97974.