Tax Lien in Santa Monica, California

Find the right Tax Lien attorney in Santa Monica, CA

Tax Lien Lawyers in Santa Monica

In Santa Monica, California, a "lien" is a security interest placed on a piece of property, usually land or a house, to secure the payment of a debt. It generally 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 proceeds 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 person or corporation in Santa Monica, California.

Of course, a tax lien in Santa Monica, California isn't worth much more than the paper it's printed on if the debtor doesn't own any property of value, on which a lien could be placed. However, a tax lien applies to property that the taxpayer obtains even after the lien is created. Obviously, this makes it quite a bit easier for the government to collect its taxes.

Tax Lien Procedure in Santa Monica, California

In Santa Monica, California, the process for creating a tax lien is fairly uncomplicated. First, the tax authorities determine that a taxpayer actually owes taxes that they haven't paid (that they're delinquent in their taxes).

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

If the deadline passes without payment, most tax liens in California take effect automatically, giving the tax collectors all of the rights in your property that any other lien holder would have.

However, if the federal government does not seek to enforce a tax lien in Santa Monica, California within 10 years of imposing it, federal law dictates that the lien automatically expires. This is effectively a statute of limitations on a tax lien, meant to encourage the federal government to collect its taxes in a reasonable period of time, and ensure that property is not encumbered by a lien forever.

How Can a Santa Monica, California Tax Lien Lawyer Help?

If the federal government, or the government of California informs you that they intend to place a tax lien on your property, you will likely face some pretty complicated and daunting legal issues.

Accordingly, it's important that you hire a tax attorney in Santa Monica, California to ensure that whatever legal rights you have in this situation are protected. Your attorney will also be able to advise you on how to best deal with the situation.

Talk to a Tax Law Attorney now!

Life in Santa Monica

Santa Monica, California is an affluent beachfront city in Los Angeles County. It has a population of about 90,000 people.

It is known for its scenic setting on the shores of the Santa Monica Bay, its laid-back culture, and affluent population.

Many notable businesses and organizations have their headquarters in and near Santa Monica, California, providing a major boost to the city's economy. These companies include Universal Music Group, Lions Gate Films, the RAND Corporation, and others. Many other companies also have branch offices in Santa Monica, California including Google, Volkswagen, and Microsoft.

These companies employ and retain a large number of Santa Monica, California lawyers, many of whom have very sophisticated and successful practices.

Accordingly, there's almost certainly a Santa Monica, California attorney who can help you with whatever legal issue you might have. Santa Monica, California lawyers are ready to hear your case.

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