Tax Lien Lawyers in Carver County

In Carver County, Minnesota, a "lien" is a type of property right, which is created by a court to obtain payment of a lawful debt. Typically, a valid lien gives its holder the right to seize the property subject to it, or at least some of the property's equity, to satisfy the debt. If the owner sells a piece of property that's subject to a lien, the creditor who owns the lien may be entitled to the proceeds, up to the amount you owe them. It can further put them "first in line" compared to other creditors, if the debtor files for bankruptcy.

A tax lien, then, is simply a lien that is created for the specific purpose of collecting taxes from a delinquent tax payer in Carver County, Minnesota.

However, a tax lien in Carver County, Minnesota 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. However, a tax lien can be applied to property that the taxpayer acquires after the lien goes into effect.

Tax Lien Procedure in Carver County, Minnesota

In Carver County, Minnesota, the procedure for imposing a tax lien is relatively simple. First, the IRS makes a determination that a person is delinquent in their tax obligation.

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

If the back taxes are not paid before the deadline is up, the lien will normally take effect immediately, with no further action by the IRS or Minnesota tax agency, giving them all the rights in your property that the law authorizes.

However, if the federal government does not seek to enforce a tax lien in Carver County, Minnesota 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 Carver County, Minnesota Tax Lien Lawyer Help?

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

Fortunately for you, tax lawyers in Carver County, Minnesota are experts at dealing with matters such as these, and can make sure your rights are protected, and advise you on the best way to proceed, if you are facing the prospect of a tax lien.