Tax Lien in Sunrise, Florida

Find the right Tax Lien attorney in Sunrise, FL

Tax Lien Lawyers in Sunrise

In Sunrise, Florida, 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 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.

In Sunrise, Florida, a "tax lien" is simply a lien imposed by the government to compile back taxes from a citizen or corporation, when other methods for collecting have failed.

However, a tax lien in Sunrise, Florida will be ineffective if the debtor doesn't own any valuable property to encumber with a lien. As with any debt, the creditor can't collect if the debtor doesn't have any assets. Nonetheless, a tax lien can be applied to property that the taxpayer gains after the lien goes into effect.

Tax Lien Procedure in Sunrise, Florida

The actual process of setting up a Sunrise, Florida tax lien is normally pretty simple. The agency responsible for collecting taxes must first decide that a tax lien is warranted, normally by finding that the debtor owes a significant amount of back taxes.

They will then mail a document called a "notice and demand," which lets the taxpayer know that they owe money on their taxes, and that they have a specific period of time (normally 10 days) to pay what they owe.

If this 10-day period expires without payment, the tax lien arises automatically. Once this happens, the tax authorities in Florida 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 Sunrise, Florida 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 Sunrise, Florida Tax Lien Lawyer Help?

If you end up having a tax lien imposed on your property in Florida, you will probably have to deal with some fairly hard legal issues, which might be intricate to a layperson.

Therefore, it should go without saying that if you are facing the prospect of your home or vehicle being slapped with a tax lien, you need to obtain the advice of a seasoned tax lawyer in Sunrise, Florida as soon as you can.

Talk to a Tax Law Attorney now!

Life in Sunrise

An interesting fact about Sunrise, Florida was that in September of 2010, Google Maps was unable to locate it! People searching for Sunrise were redirected to Sarasota, Florida. Apparently this was the third time in history that Sunrise was "lost on the Internet."

Today, there are no issues in finding Sunrise. Sunrise is located in Florida's Broward County.

Sunrise is known for its festivals and events! Every year tourists come to the Earth Day Festival, the Harvest Festival and the Cultural Festival. Obviously, Sunrise is an unified, cultured community.

Some well-known corporations have offices in Sunrise. These corporations include Sawgrass Mills, Sawgrass International Corporate Park, and IKEA.

Sunrise is also home to many law firms that train attorneys to provide excellent legal services, with a personalized touch.

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