Tax Lien in Homestead, Florida

Find the right Tax Lien attorney in Homestead, FL

Tax Lien Lawyers in Homestead

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

Tax liens in Homestead, 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 Homestead, Florida

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

Then, the taxpayer is sent a letter with a "notice and demand," which informs the taxpayer that the IRS has determined that they owe back taxes, and that they have a short period of time (usually 10 days) to pay them without incurring a penalty.

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

However, in Homestead, Florida, 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 limited period of time.

How Can a Homestead, Florida Tax Lien Lawyer Help?

If the federal government, or the government of Florida informs you that they intend to place a tax lien on your property, you will likely face some pretty complicated and daunting legal issues.

So, it should go without saying that if you are facing the prospect of your home or vehicle being slapped with a tax lien, you need to seek the advice of a good tax lawyer in Homestead, Florida as soon as you can.

Talk to a Tax Law Attorney now!

Life in Homestead

Homestead is Miami-Dade County's second oldest city! It is located about 35 miles from Miami. Homestead has been in the news over the past few years because it was affected by Hurricane Andrew in 1992. After redevelopment, in 2002, the city experienced a building and housing boom!

Popular attractions in Homestead include ArtSouth, Coral Castle, Everglades Alligator Farm, Fruit and Spice Park, Homestead Rodeo, Homestead-Miami Speedway, Monkey Jungle, Homestead Air Reserve Base, Schnebly Redland's Winery, and Turkey Point Nuclear Generating Station.

Homestead has some small law offices that can cater to the reasonable legal inquiries of residents. For larger legal issues, nearby Miami has many small to large size law firms with excellent attorneys, capable of handling the most complex legal matters. Therefore, the residents of Homestead can remain assured that any and every legal inquiry of theirs can be easily tackled.

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