Tax Lien in Burlington, Vermont

Find the right Tax Lien attorney in Burlington, VT

Tax Lien Lawyers in Burlington

A "lien" in Burlington, Vermont is a type of security interest that one person or entity has in someone else's property. Usually, a lien is created by a court, to secure payment of a debt. A lien gives its holder many rights in the property that is subject to it, including the right to seize the proceeds if the property is sold, and priority access to the property, in front 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 Burlington, Vermont 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 Burlington, Vermont 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 Burlington, Vermont

Imposing a tax lien in Burlington, Vermont is usually an uncomplicated process. Typically, 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.

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 specific period of time (normally 10 days) to pay what they owe.

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 Vermont tax agency, giving them all the rights in your property that the law authorizes.

But, these rights are limited. In Burlington, Vermont, and everywhere else in the United States, the IRS has 10 years to enforce a tax lien. If they do nothing about it within 10 years, the lien expires. This rule exists for a few reasons. First, it encourages the IRS to act as quickly and efficiently as possible, and not "sit on its rights." Second, it acknowledges the fact that any encumbrance on a piece of property, such as a lien, makes the property less valuable. By ensuring that the lien will either be satisfied or expire within 10 years, this prevents property from being withheld from the stream of commerce indefinitely.

How Can a Burlington, Vermont Tax Lien Lawyer Help?

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

Accordingly, it's important that you retain a tax attorney in Burlington, Vermont 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 Burlington

Burlington is Vermont's largest city. It is located in Chittenden County and is approximately 45 miles from the U.S.-Canadian border. Per the 2010 census, it has a population of 42,417 people. Neighboring areas include South Burlington, Winooski, Colchester, Essex and Williston.

An interesting fact is that Burlington has the sixth lowest unemployment rate of all surveyed metropolitan areas in the United States. Top employers include IDX Systems, Vermont Tedy Bear Company, General Dynamics, Lake Champlain Chocolates, Burton Snowboards, Bruegger's, and Seventh Generation Inc. Burlington is also home to many law offices and small firms practicing in virtually all areas of law, and providing their clients with excellent and personalized legal services.

Popular sites include the ECHO Lake Aquarium and Science Center, Deck Towers, Burlington Square, and Cathedral Square.

Overall, Burlington is a charming place to visit or call home!

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