Tax Lien in Cape Coral, Florida

Find the right Tax Lien attorney in Cape Coral, FL

Tax Lien Lawyers in Cape Coral

In Cape Coral, Florida, a "lien" is a security interest placed on a piece of property, typically land or a house, to secure the payment of a debt. It usually 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.

In Cape Coral, Florida, a "tax lien" is simply a lien imposed by the government to gather back taxes from a person or corporation, when other methods for collecting have failed.

Tax liens in Cape Coral, Florida are ineffective if the taxpayer doesn't have any property to place the lien on. However, essentially any property, including that which the taxpayer obtains after the lien goes into effect, can be affected by a tax lien.

Tax Lien Procedure in Cape Coral, Florida

The process of imposing a tax lien on property in Cape Coral, Florida is typically fairly simple. The first step is for the IRS or local tax agency to determine that a person truly owes back taxes, and that it is worth the effort to impose a lien.

At this point, they will send the taxpayer a written notice stating that they owe a particular amount of money in back taxes, and that they have a small window of time (frequently 10 days or less) to pay it.

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

But, under federal law, there are limits to how tax liens can be enforced in Cape Coral, Florida, and elsewhere. Usually, the IRS has 10 years to try and enforce a tax lien. If no effort is made to enforce a tax lien for 10 years, the lien is automatically lifted, and the lien holder loses all rights in it. This rule exists to ensure that the government collects its taxes in a reasonable time period, and it prevents valuable property (which could otherwise be contributing to the economy by being bought and sold) is not laded with a lien for an indefinite period of time.

How Can a Cape Coral, Florida Tax Lien Lawyer Help?

If you end up having a tax lien imposed on your property in Florida, you will probably have to deal with some fairly challenging legal issues, which might be complex to a layperson.

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

Talk to a Tax Law Attorney now!

Life in Cape Coral

Cape Coral, Florida is a city in Lee County, Florida. It has a population of approximately 155,000 people.

The city of Cape Coral, Florida was founded in 1957. Development of the area continued through the 1960s. Cape Coral saw a major addition with the construction of the Cape Coral Bridge, which is about 1 kilometer long. This reduced the drive time between Cape Coral and nearby Fort Myers from over half an hour to just a few minutes.

This allows the professionals who reside in Cape Coral, Florida, such as doctors, accountants, and lawyers, to shorten their commutes to the larger cities in the surrounding area, turning Cape Coral into a quiet residential community.

The economy of Cape Coral, Florida is largely dominated by city government, healthcare, and services. All of these industries employ large numbers of administrative personnel, such as lawyers.

If you live in or around Cape Coral, Florida, and need an attorney, it's very likely that there's a Cape Coral, Florida lawyer who can help you with whatever legal issue you might face.

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