Business, 20.09.2019 21:00 fatty18

Discussion question 1-8 (lo. 4) several years ago, ethan purchased the former parsonage of st. james church to use as a personal residence. to date, ethan has not received any ad valorem property tax bills from either the city or the county tax authorities.
a. select either "true" or "false" as reasonable explanation(s) for this oversight.
a) ethan is allowed to use the tax-exempt status for ad valorem taxes for five years after the purchase.
b) the parsonage probably was not listed on the property tax rolls, because it was owned by a tax-exempt church.
c) the parsonage remains tax-exempt, since the original use was by a tax-exempt entity.
b. what should ethan do? if ethan voluntarily notifies the tax authorities of his purchase, he be liable for any back taxes and he eliminate future interest and penalties.

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Discussion question 1-8 (lo. 4) several years ago, ethan purchased the former parsonage of st. james...

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