Tax Lien in Bristol, Connecticut

Find the right Tax Lien attorney in Bristol, CT

Tax Lien Lawyers in Bristol

In Bristol, Connecticut, a "lien" is a security interest placed on a piece of property, normally land or a house, to secure the payment of a debt. It typically gives a creditor the right to take ownership of any equity that exists in the property, to secure the payment of the debt. If the owner sells the property, the creditor may also be entitled to the proceeds of the sale, up to the amount owed. It can also give the holder of the lien a higher priority status, giving them an advantage over competing creditors, if the debtor files bankruptcy.

A "tax lien," then, is a lien held by the government to collect a tax-related debt from a private entity, such as a person or corporation in Bristol, Connecticut.

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

Tax Lien Procedure in Bristol, Connecticut

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

However, in Bristol, Connecticut, 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 Bristol, Connecticut Tax Lien Lawyer Help?

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

Thankfully, Bristol, Connecticut 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 Bristol

You're probably familiar with Bristol because it is the headquarters to ESPN. This Hartford County city is 20 miles Southwest of the City of Hartford making it very popular among professionals seeking a more suburban environment. Many of those professionals are lawyers. Lawyers in Bristol take all kinds of cases and advise their clients on the best courses of action for their cases in Connecticut. Bristol has earned a number of different nicknames over the years. It was known as Clock City in the 1800s because it primarily manufactured timepieces; today you may visit the American Clock and Watch Museum in Bristol. Other more recent nicknames include Bell City and Mum City as a result of the bustling doorbell and chrysanthemum production. Bristol still holds an annual Mum Festival each September.  

Today, Bristol is undergoing a period of downtown revitalization attracting more business to interesting historical museums like the New England Carousel Museum, Imagine Nation Children's Museum, Witches Dungeon Classic Movie Museum, and the Bristol Historical Society Museum which recounts Bristol's rich past. Bristol is notably home to the largest elevator test tower in the United States that is owned by the Otis Elevator Company. 

Clients Rate LegalMatch Attorneys
(click to read reviews)

Joel C.
Joel C.

Tax Law

Davidson, TN

Edwin L.
Edwin L.

Tax Law

Fayette, TN

Tax Defense N.
Tax Defense N.

Tax Law

Ohio, TN