Tax Lien in Coconut Creek, Florida

Find the right Tax Lien attorney in Coconut Creek, FL

Tax Lien Lawyers in Coconut Creek

In Coconut Creek, 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 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.

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

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

Tax Lien Procedure in Coconut Creek, Florida

The process of imposing a tax lien on property in Coconut Creek, Florida is typically fairly simple. The initial step is for the IRS or local tax agency to decide 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 deadline expires, and the debtor does not pay the taxes they owe, the lien will take effect automatically. When this results, the IRS or Florida tax agency will have substantial rights against the taxpayer's property.

Nonetheless, there are limits to how and when a tax lien can be enforced, at least under federal law. The IRS has 10 years to enforce a tax lien in Coconut Creek, Florida or anywhere else in the U.S. If it never bothers to take action to seize property that's subject to a tax lien, the lien simply ceases to exist after 10 years. This rule is in place to ensure that the government does not sit on its rights, and to keep potentially-valuable property from being encumbered forever. Essentially, it creates a measure of certainty for both parties.

How Can a Coconut Creek, 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 intricate to a layperson.

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

Talk to a Tax Law Attorney now!

Life in Coconut Creek

Coconut Creek is a city with an interesting name, located in Broward County, Florida. What is interesting is that eventhough its name has the word "coconut" in it, Coconut Creek is home to the world's largest butterfly population. Over 80 species and 5,000 individual butterflies call Coconut Creek home.

Coconut Creek is a small community filled with many small businesses, single-family homes, condos, town homes, and small gated communities. Some popular employers include the school district, Seminole Coconut Creek Casino, Enterprise Rent-A-Car, and Wal-Mart.

Coconut Creek is also filled with many small law offices that are founded by excellent attorneys focusing on creating a legal practice dedicated to excellence and service to the community.

Some popular attractions include Sabal Pines Park, Tradewinds Park, Butterfly World, and Seminole Casino Coconut Creek.

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