Tax Lien in Guilford, Connecticut

Find the right Tax Lien attorney in Guilford, CT

Tax Lien Lawyers in Guilford

In Guilford, Connecticut, a "lien" is a security interest placed on a piece of property, usually land or a house, to secure the payment of a debt. It generally 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 funds 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 citizen or corporation in Guilford, Connecticut.

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

Tax Lien Procedure in Guilford, Connecticut

Imposing a tax lien in Guilford, Connecticut is typically an uncomplicated process. Generally, the tax authorities simply have to make a decision 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 quick payment. It will usually give the taxpayer about 10 days to pay the demanded amount.

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

But, these rights are limited. In Guilford, Connecticut, 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." Also, it acknowledges the fact that any encumbrance on a piece of property, such as a lien, makes the property less valuable. By guaranteeing that the lien will either be satisfied or expire within 10 years, this prevents property from being withheld from the stream of commerce forever.

How Can a Guilford, 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 perplexing, very quickly.

Therefore, if you think that any piece of property you own might become subject to a tax lien in Guilford, Connecticut, you should not delay to seek the advice of a competent tax attorney immediately.

Talk to a Tax Law Attorney now!

Life in Guilford

Guilford was settled in 1639 and is one of the oldest cities in the state of Connecticut. It is located in New Haven County and has a population of about 22,000. The city is noted for its collection of historic homes. The Henry Whitfield house in Guilford is the oldest dwelling structure in Connecticut and the oldest stone house in all of North America.

Currently Guilford is a great area to live and visit if you are looking for an old "green town" feel. The city is lively and hosts a mix of annual events such as the Guilford LobsterFest and the Guilford Fair. Guilford also has many town parks which perfect for such activities as jogging, bocce games, ice skating, and winter sports.

Historic places to visit in Guilford are numerous and provide people with a glimpse into early American settlement life. Some of these places are the Guilford Historic Town Center and the Comfort Starr House. The Guilford Green is the town's pride and center of activity for the community. Many of the city's most important events such as graduations are held there. It is also a great backdrop for photo sessions.

Lawyers in Guilford, Connecticut typically file their cases at the nearby New Haven County Courthouse. The court hears claims in civil, criminal, and family, traffic, and juvenile law. Guilford lawyers may be contacted for advice and representation in a wide range of legal matters.

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