Tax Lien in Camden, New Jersey

Find the right Tax Lien attorney in Camden, NJ

Tax Lien Lawyers in Camden

A "lien" in Camden, New Jersey 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 Camden, New Jersey tax authorities, to gather 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 substantial property on which a lien can be imposed. To get around this limitation, most tax liens in Camden, New Jersey apply to after-acquired property (property obtained after the lien was created). Most other liens only apply to particular pieces of property, or property that the debtor owned at the time the lien went into effect.

Tax Lien Procedure in Camden, New Jersey

Imposing a tax lien in Camden, New Jersey is normally an uncomplicated process. Usually, 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 typically give the taxpayer about 10 days to pay the demanded amount.

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

However, if the federal government does not seek to enforce a tax lien in Camden, New Jersey 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 Camden, New Jersey Tax Lien Lawyer Help?

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

Thankfully for you, tax lawyers in Camden, New Jersey 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.

Talk to a Tax Law Attorney now!

Life in Camden

Camden is located across the Delaware River from Philadelphia, Pennsylvania. Specifically, it is located in Camden County, New Jersey. It is the twelfth largest city in the state. Sadly, the city is well-known because three of its mayors were jailed for corruption.

Popular sites for tourists include the Adventure Aquarium, Battleship New Jersey Museum and Memorial, Campbell's Field, Harleigh Cemetery which is popular because it is included in the National Register of Historic Places.

Top employers include L-3 Communications (Lockheed Martin), Rutgers University-Camden, Susquehanna Bank, Cooper University Hospital, and the City of Camden. The legal force is also present in Camden because many attorneys have established practices there. Thus, the legal needs of residents will always be tended to.

Famous residents include Donovin Darius, George Hegamin, Richard "Groove" Holmes, Robert S. MacAlister, Jim Perry, Mike Rozier, John F. Starr, Dajuan Wagner, and Walt Whitman.

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