Tax Lien in New Britain, Connecticut

Find the right Tax Lien attorney in New Britain, CT

Tax Lien Lawyers in New Britain

In New Britain, Connecticut, a "lien" is a security interest placed on a piece of property, normally land or a house, to secure the payment of a debt. It typically 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 New Britain, Connecticut.

However, like any other debt-collection method, a tax lien is worthless if the debtor has no considerable property on which a lien can be imposed. To get around this limitation, most tax liens in New Britain, Connecticut apply to after-acquired property (property obtained after the lien was created). Most other liens only apply to certain pieces of property, or property that the debtor owned at the time the lien went into effect.

Tax Lien Procedure in New Britain, Connecticut

Imposing a tax lien in New Britain, Connecticut is usually an uncomplicated process. Typically, the tax authorities simply have to make a determination 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, the taxpayer will receive a letter containing a "notice and demand," which, as the name suggests, gives notice that the recipient owes taxes, and demands immediate payment. It will normally give the taxpayer about 10 days to pay the demanded amount.

If that time period expires, and the debtor still hasn't paid, the Connecticut tax lien will go into effect automatically, with no further action required.

But, under federal law, there are limits to how tax liens can be enforced in New Britain, Connecticut, and elsewhere. Typically, the IRS has 10 years to try and enforce a tax lien. If no effort is made to enforce a tax lien for 10 years, the lien is automatically lifted, and the lien holder loses all rights in it. This rule exists to ensure that the government collects its taxes in a reasonable time period, and it prevents valuable property (which could otherwise be contributing to the economy by being bought and sold) is not laded with a lien for an indefinite period of time.

How Can a New Britain, Connecticut Tax Lien Lawyer Help?

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

Accordingly, if you think that any piece of property you own might become subject to a tax lien in New Britain, Connecticut, you should not hesitate to seek the advice of a qualified tax attorney immediately.

Talk to a Tax Law Attorney now!

Life in New Britain

Beautiful New Britain, Connecticut is home to almost 72,000 residents. The city was first settled in 1687. Conveniently located just 9 miles from Hartford, the town has an identity all its own. New Britain has a storied history as a major manufacturing center and is aptly nicknamed, "Hardware city." The city serves as the headquarters for Stanley Works since 1843. New Britain is also home to a very large Polish population and their presence is seen in the many Polish restaurants, cultural events, and activities. In fact, New Britain is home to the largest Polish community in all of Connecticut. Not surprisingly, there are also many Polish museums dedicated to their role in the growing community. Comprising 13.4 square miles, New Britain has lots to offer its residents and visitors. Home of the New Britain Rock Cats, a minor league baseball team ensures that there is always something to do in the summertime. The city is also home to lots of schools, including a couple colleges that make for a great school atmosphere. New Britain also has top lawyers to help its citizens in a range of legal issues including: contract law, divorce and family law issues, employment law, and many others. The professional community in New Britain is second to none.

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