Tax Lien in Fountain Valley, California

Find the right Tax Lien attorney in Fountain Valley, CA

Tax Lien Lawyers in Fountain Valley

In Fountain Valley, California, a "lien" is a security interest placed on a piece of property, typically land or a house, to secure the payment of a debt. It usually gives a creditor the right to take ownership of any equity that exists in the property, to secure the payment of the debt. If the owner sells the property, the creditor may also be entitled to the funds of the sale, up to the amount owed. It can also give the holder of the lien a higher priority status, giving them an advantage over competing creditors, if the debtor files bankruptcy.

A "tax lien," then, is a lien held by the government to collect a tax-related debt from a private entity, such as a citizen or corporation in Fountain Valley, California.

Tax liens in Fountain Valley, California are ineffective if the taxpayer doesn't have any property to place the lien on. However, basically any property, including that which the taxpayer acquires after the lien goes into effect, can be affected by a tax lien.

Tax Lien Procedure in Fountain Valley, California

Imposing a tax lien in Fountain Valley, California is normally an uncomplicated process. Usually, the tax authorities simply have to make a decision that the taxpayer is delinquent in their taxes, and that imposing and enforcing a tax lien will actually be worth the effort.

At this point, they will send the taxpayer a written notice stating that they owe a particular amount of money in back taxes, and that they have a small window of time (frequently 10 days or less) to pay it.

If this 10-day period expires without payment, the tax lien arises automatically. Once this happens, the tax authorities in California have all the options in the taxpayer's property that any other lien holder would have, containing priority over competing creditors.

Nonetheless, there are limits to how and when a tax lien can be enforced, at least under federal law. The IRS has 10 years to enforce a tax lien in Fountain Valley, California or anywhere else in the U.S. If it never bothers to take action to seize property that's subject to a tax lien, the lien simply ceases to exist after 10 years. This rule is in place to ensure that the government does not sit on its rights, and to keep potentially-valuable property from being encumbered forever. Essentially, it creates a measure of certainty for both parties.

How Can a Fountain Valley, California Tax Lien Lawyer Help?

If you find yourself on the receiving end of a tax lien in California, you are going to have to wade through some substantial and complicated legal concerns.

Therefore, if you think that any piece of property you own might become subject to a tax lien in Fountain Valley, California, you should not delay to seek the advice of a skilled tax attorney immediately.

Talk to a Tax Law Attorney now!

Life in Fountain Valley

Fountain Valley, California has a population of about 55,000 and is located in Orange County. It was named after the many artesian wells found in the area during the time of the city's founding. Fountain Valley is mostly a residential bedroom community.

As a suburb, much of Fountain Valley, California is comprised of residential neighborhoods. However, the city has experienced a significant increase in commercial employment, particularly in the area known as the "Southpark" district. Southpark district is home to offices for several major corporations, including Starbucks and D-Link. The national headquarters for Hyundai Motor America is also located in Fountain Valley.

One of the main attractions in the city of Fountain Valley, California is Mile Square Regional Park. The park contains three different 18-hole golf courses, two spectacular lakes, sports fields, picnic areas, and a nature area filled with native Californian plants. Mile Square Regional Park also has a recreation center complete with tennis, racquetball, and basketball courts. Fountain Valley is also just minutes away from many Southern California amusement parks.

Lawyers in Fountain Valley, California help the community by assisting in a wide range of different legal fields. Fountain Valley lawyers can help answer legal questions, provide explanations of various laws, and represent clients in court.

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