Tax Lien in Palm Bay, Florida

Find the right Tax Lien attorney in Palm Bay, FL

Tax Lien Lawyers in Palm Bay

In Palm Bay, 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 Palm Bay, 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 Palm Bay, 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 Palm Bay, Florida

In Palm Bay, Florida, the process for creating a tax lien is fairly uncomplicated. First, the tax authorities determine that a taxpayer truly owes taxes that they haven't paid (that they're delinquent in their 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 (typically 10 days) to pay them without incurring a penalty.

If the back taxes are not paid before the deadline is up, the lien will typically take effect immediately, with no further action by the IRS or Florida tax agency, giving them all the rights in your property that the law permits.

But, under federal law, there are limits to how tax liens can be enforced in Palm Bay, 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 Palm Bay, 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 intricate legal issues are necessarily involved.

Accordingly, it's important that you contact a tax attorney in Palm Bay, Florida to ensure that whatever legal rights you have in this situation are protected. Your attorney will also be able to advise you on how to best deal with the situation.

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Life in Palm Bay

Palm Bay, Florida is the largest city in Brevard County. Its population is approximately 101,000 as of a 2008 Census estimate.

The earliest European settlers to arrive in the area now known as Palm Bay showed up in 1850, building homes along Turkey Creek. By the late 1800s, there was a lumber mill, a packing house, orange groves, and several other industries in Palm Bay. However, growth was quite slow during that period. This changed in 1894, with the arrival of the railroad in Palm Bay.

Modernly, Palm Bay's economy is largely based around tourism. Because it is right on the Atlantic coast, and enjoys a warm, subtropical climate, it is popular among visitors, as well as people who wish to relocate, particularly retirees.

Palm Bay is also home to the Turkey Creek Sanctuary, a small nature preserve that showcases Florida's natural beauty. It is home to many native wildlife species, turtles, alligators, and dozens of types of birds. It has trails for hiking, bicycling, and jogging. The eponymous creek is an important breeding area for both freshwater and saltwater fish.

If you live in Palm Bay, Florida, and need an attorney, chances are good that you'll be able to find one. There are plenty of Palm Bay, Florida attorneys who can help you with whatever legal issues you may be facing.

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