Tax Lien in Medford, Oregon

Find the right Tax Lien attorney in Medford, OR

Tax Lien Lawyers in Medford

In Medford, Oregon, a "lien" is defined as a property right that's granted to a creditor against a piece of property owned by a debtor, for the purpose of collecting on the debt if the debtor is unwilling or unable to pay. A lien permits its owner to exercise some control over the property that is the subject of the lien. This includes the right to force a sale of the property, and to seize the resulting revenue, and priority access to the property ahead of other creditors.

A "tax lien" is simply a lien placed on a piece of property by the state or local government, to secure the payment of back taxes. A tax lien in Medford, Oregon can arise to secure the payment of any federal or state tax, including income tax, estate tax, or gift tax.

However, a tax lien in Medford, Oregon 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 Medford, Oregon

The actual process of setting up a Medford, Oregon tax lien is typically pretty simple. The agency responsible for collecting taxes must first determine that a tax lien is warranted, typically 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 given period of time (typically 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 Oregon have all the rights in the taxpayer's property that any other lien holder would have, including priority over competing creditors.

However, in Medford, Oregon, and anywhere else in America, a tax lien only lasts for 10 years, and then it automatically expires. If the IRS fails to exercise the substantial rights that it has under a tax lien within that period of time, it is assumed that they never intend to do so, and the lien will cease to exist. This ensures that valuable property is only kept out of the economy for a narrow period of time.

How Can a Medford, Oregon Tax Lien Lawyer Help?

If you are notified by the government that you owe back taxes in Oregon, and that they are going to pursue a tax lien to collect their money, things can get very intricate, quite quickly.

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

Talk to a Tax Law Attorney now!

Life in Medford

Medford is located in Jackson County, Oregon. It has a population of around 75,000 people. The city was named by its civil engineer, David Loring, after his own home town.

Some popular attractions include Alba Park, Bear Creek Corporation, Harry David, Claire Hanley Arboretum, Vogel Plaza, Roxy Ann Peak and Prescott Park.

Top employers include Rogue Valley Medical Center, Providence Medford Medical Center, Harry and David Operations Corp, Benchmark Maps, Falcon Northwest, Pacific International Enterprises, and Lithia Motors. Medford is also home to many attorneys, who practice in various areas of law. Thus, the legal force in Medford is capable to handle any and every legal need.

All in all, Medford is a wonderful place to live and visit!

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