Tax Lien in Grand Prairie, Texas

Find the right Tax Lien attorney in Grand Prairie, TX

Tax Lien Lawyers in Grand Prairie

In Grand Prairie, Texas, 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 authorizes 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, then, is simply a lien that is created for the specific purpose of collecting taxes from a delinquent tax payer in Grand Prairie, Texas.

Tax Liens in Grand Prairie, Texas are typically only effective if the taxpayer has a significant amount of property on which a lien can be placed. However, it's essential to note that virtually any property, including that which is acquired after the lien is imposed, can be subject to a tax lien.

Tax Lien Procedure in Grand Prairie, Texas

In Grand Prairie, Texas, the process for creating a tax lien is fairly uncomplicated. First, the tax authorities determine that a taxpayer really owes taxes that they haven't paid (that they're delinquent in their taxes).

Then, the taxpayer is sent a letter with a "notice and demand," which informs the taxpayer that the IRS has determined that they owe back taxes, and that they have a short period of time (normally 10 days) to pay them without incurring a penalty.

If this 10-day period expires without payment, the tax lien arises automatically. Once this happens, the tax authorities in Texas have all the rights in the taxpayer's property that any other lien holder would have, including priority over competing creditors.

However, in Grand Prairie, Texas, 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 certain period of time.

How Can a Grand Prairie, Texas Tax Lien Lawyer Help?

If you find yourself on the receiving end of a tax lien in Texas, you are going to have to wade through some substantial and difficult legal contentions.

Thankfully, Grand Prairie, Texas tax attorneys can help. If you are facing the prospect of a tax lien, you should not hesitate to seek qualified legal advice, to ensure that your legal rights are protected.

Talk to a Tax Law Attorney now!

Life in Grand Prairie

Grand Prairie is a city located in three counties--Dallas, Ellis and Tarrant. Grand Prairie is considered to be a suburb of both Dallas and Fort Worth. Per the 2010 census it has a population of 175,396 people.

Top employers include Lockheed Martin, Grand Prairie Independent School District, Vought Aircraft Industries, Lone Star Park, Hanson Pipe Products and Siemens Energy Automation, Inc. Although law firms are not included in the list, many small law firms and offices call Grand Prairie home. Therefore, residents and businesses have excellent legal services awaiting at their doorstep.

When visiting Grand Prairie, must-see attractions include the Lone Star Park, GPX Skate Park, Verizon Theatre, Prairie Lights, Traders Village, Quiktrip Park, and Grand Prairie AirHogs.

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