Tax Lien in Derry, New Hampshire

Find the right Tax Lien attorney in Derry, NH

Tax Lien Lawyers in Derry

A "lien" in Derry, New Hampshire is a property right that a person or entity has in property owned by someone else, created by law, for the purpose of enforcing a debt. A lien gives its holder several rights in the property of another person, including the right to seize the proceeds of a sale of the property, and, if the debtor files for bankruptcy, the right to go to the front of the line among other creditors, making it more likely that the lien holder will collect something.

As you might have gathered, a "tax lien" is simply a lien placed on property by the IRS or Derry, New Hampshire tax authorities, to collect taxes that the property-owner has failed to pay.

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

Tax Lien Procedure in Derry, New Hampshire

The process of imposing a tax lien on property in Derry, New Hampshire is usually fairly simple. The first step is for the IRS or local tax agency to determine that a person actually owes back taxes, and that it is worth the effort to impose a lien.

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 certain period of time (usually 10 days) to pay what they owe.

If the deadline passes without payment, most tax liens in New Hampshire 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 Derry, New Hampshire 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 Derry, New Hampshire Tax Lien Lawyer Help?

If the federal government, or the government of New Hampshire 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 Derry, New Hampshire 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 Derry

Named after a city in Ireland, Derry, New Hampshire is located an hour Boston and an hour from the Great White Mountains of New Hampshire. With a location like that, it is no wonder people enjoy living and visiting Derry. Derry's Irish meaning is "oak woods." The town of Derry is located in Rockingham County and home to close to 35,000 residents.

Derry happens to be the fourth most populous community in the state of New Hampshire. Derry is home to wonderful museums and an opera house that make it an enjoyable place to live and visit. Derry also has a nationally recognized public and private school education system, a factor many parents in Derry enjoy.

With such a close proximity to Boston, home to Harvard Law School and Boston Law School (to name a few) it is no wonder that there are so many talented lawyers in Derry. Derry Lawyers specialize in a range of legal practices and are able to serve their local clients with a high level of competence. Lawyers in Derry can help their clients with any legal issue they may find themselves dealing with. Derry lawyers are just another positive aspect of this charming city.

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