Tax Lien in Lauderhill, Florida

Find the right Tax Lien attorney in Lauderhill, FL

Tax Lien Lawyers in Lauderhill

In Lauderhill, 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 Lauderhill, 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.

However, a tax lien in Lauderhill, Florida will be ineffective if the debtor doesn't own any valuable property to encumber with a lien. As with any debt, the creditor can't collect if the debtor doesn't have any assets. However, a tax lien can be applied to property that the taxpayer acquires after the lien goes into effect.

Tax Lien Procedure in Lauderhill, Florida

In Lauderhill, Florida, the procedure for imposing a tax lien is relatively simple. First, the IRS makes a determination that a person is delinquent in their tax obligation.

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 (typically 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 results, the IRS or Florida tax agency will have substantial rights against the taxpayer's property.

However, in Lauderhill, 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 narrow period of time.

How Can a Lauderhill, 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 intricate and daunting legal issues.

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

Talk to a Tax Law Attorney now!

Life in Lauderhill

Lauderhill is a city in Florida with a population of approximately 66,887 people. It is located in the Miami-Fort Lauderdale-Pompano Beach metropolitan area. From this description itself, Lauderhill's location seems exquisite! After all, Fort Lauderdale, Miami and the Pompano area are filled with beautiful beaches!

Some popular Lauderhill attractions include Lady Helen Fishing Charters, Fort Lauderdale Antique Car Museum, Bonnet House Museum and Gardens, Sawgrass Recreation Park, Las Olas Boulevard, Stranahan House, Everglades Holiday Park, and Anne Kolb Nature Center.

Being in such a great location, Lauderhill and surrounding areas are filled with law firms of all sizes. These firms train attorneys of various skill levels, who are able to handle any legal issue in all areas of law.

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