Tax Lien in Deerfield Beach, Florida

Find the right Tax Lien attorney in Deerfield Beach, FL

Tax Lien Lawyers in Deerfield Beach

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

Tax liens in Deerfield Beach, 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 Deerfield Beach, Florida

The actual process of setting up a Deerfield Beach, Florida tax lien is normally pretty simple. The agency responsible for collecting taxes must first decide that a tax lien is warranted, normally by finding that the debtor owes a significant amount of back taxes.

Then, the IRS, or state tax authorities, send a "notice and demand," informing the taxpayer that they owe back taxes, and that they are obligated to pay their taxes within 10 days.

If this deadline expires, and the debtor does not pay the taxes they owe, the lien will take effect automatically. When this happens, the IRS or Florida tax agency will have considerable rights against the taxpayer's property.

But, these rights are limited. In Deerfield Beach, Florida, 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." Additionally, 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 Deerfield Beach, Florida Tax Lien Lawyer Help?

If you receive notice from the federal government, or the government of Florida that a tax lien has been imposed on your property, some pretty complex legal issues are necessarily involved.

Thankfully, Deerfield Beach, Florida 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 Deerfield Beach

Welcome to Deerfield Beach, Florida-- a city known for its beachside charm. Located in Southern Florida, Deerfield is located north of popular Florida city, Miami. Deerfield Beach has a very tourist-oriented feel to it. The sunny Florida shores are another aspect that tourists enjoy in Deerfield.

Deerfield Beach's economy is as diverse as its population, specializing in manufacturing, distribution, and office industries. Deerfield has the ninth largest Brazilian population in the United States--a presence that is reflected in many of the local restaurants in Deerfield. Every year Deerfield Beach plays host to the Women's Professional Volleyball Association and the Superboat Power Race. Deerfield Beach is home to close to 80,000 residents and is located on Broward County, Florida.

Another notable aspect of Deerfield Beach is the amazing legal culture the community enjoys. Deerfield lawyers hail from all areas of the United States and their range of specialties is as diverse as they are. Lawyer in Deerfield are available to serve their clients in any legal issue they may find themselves confronted with. Deerfield Lawyers are highly skilled and Deerfield is lucky to have them!

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