Tax Lien in Palm Coast, Florida

Find the right Tax Lien attorney in Palm Coast, FL

Tax Lien Lawyers in Palm Coast

In Palm Coast, 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 Palm Coast, 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.

However, a tax lien in Palm Coast, 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 Coast, Florida

In Palm Coast, Florida, the process for creating a tax lien is fairly uncomplicated. First, the tax authorities determine that a taxpayer actually 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 (usually 10 days) to pay them without incurring a penalty.

If the back taxes are not paid before the deadline is up, the lien will usually 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 allows.

However, in Palm Coast, 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 Palm Coast, 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 complicated legal issues are necessarily involved.

Fortunately, Palm Coast, Florida tax attorneys can help. If you are facing the prospect of a tax lien, you should not hesitate to seek competent legal advice, to ensure that your legal rights are protected.

Talk to a Tax Law Attorney now!

Life in Palm Coast

Palm Coast is located in Flagler County, Florida. It has a population of around 76,000 people. It is seen as one of Florida's most rapidly growing areas.

Palm Coast is filled with small to mid-size businesses of all types. One of the larger employers include Palm Coast Data, which employs around 1,000 people. This area is building itself up after the 2009 recession. With these small businesses looking to improve, many Florida residents are moving to Palm Coast for employment purposes.

With Palm Coast being such a business-savvy area, it has a good deal of law firms ready and capable of serving these businesses for any and all of their legal needs.

Overall, Palm Coast is an up and rising area of Florida filled with small businesses aiming to thrive and succeed in the U.S. economy.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Joel C.
Joel C.

Tax Law

Davidson, TN

Edwin L.
Edwin L.

Tax Law

Fayette, TN

Tax Defense N.
Tax Defense N.

Tax Law

Ohio, TN