Tax Lien in Port Orange, Florida

Find the right Tax Lien attorney in Port Orange, FL

Tax Lien Lawyers in Port Orange

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

However, a tax lien in Port Orange, 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. Nonetheless, a tax lien can be applied to property that the taxpayer gains after the lien goes into effect.

Tax Lien Procedure in Port Orange, Florida

In Port Orange, Florida, the process for creating a tax lien is fairly uncomplicated. First, the tax authorities decide that a taxpayer actually owes taxes that they haven't paid (that they're delinquent in their taxes).

At this point, they will send the taxpayer a written notice stating that they owe a certain amount of money in back taxes, and that they have a small window of time (often 10 days or less) to pay it.

If this 10-day period expires without payment, the tax lien arises automatically. Once this happens, the tax authorities in Florida have all the options in the taxpayer's property that any other lien holder would have, containing priority over competing creditors.

But, these rights are limited. In Port Orange, 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." Also, 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 Port Orange, 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 perplexing and daunting legal issues.

Therefore, if you think that any piece of property you own might become subject to a tax lien in Port Orange, Florida, you should not delay to seek the advice of a competent tax attorney immediately.

Talk to a Tax Law Attorney now!

Life in Port Orange

Port Orange is a city in Florida with a population a little over 500,000 people. It seen known as a principal city in Florida's Fun Coast region.

Many businesses of all sizes call Port Orange home. The largest employers include the education, health care and government areas. Specifically, Halifax Hospital, Northstar Food Service, Thompson Pump and Manufacturing, Don Bell Industries, Meypack Packaging Systems, La-Man Inc., Sun Coast Imaging, and the Palmer College of Chiropractic are the top employers. To support these employers and industries, Port Orange has many law firms capable of serving residents' and businesses' legal needs.

Some popular residents of Port Orange have included Thomas Block, Brittany Croxford, John Travolta, Mike Skinner, and Ryan Lochte.

All in all, Port Orange is a medium sized city with small town charm that offers residents a wonderful quality of life!

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