Tax Lien in Spring Hill, Florida

Find the right Tax Lien attorney in Spring Hill, FL

Tax Lien Lawyers in Spring Hill

In Spring Hill, 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 Spring Hill, 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 Spring Hill, 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 Spring Hill, Florida

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

Then, the IRS, or state tax authorities, send a "notice and demand," informing the taxpayer that they owe back taxes, and that they are required to pay their taxes within 10 days.

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.

However, in Spring Hill, 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 Spring Hill, 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.

Thus, 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 pursue the advice of a knowledgeable tax lawyer in Spring Hill, Florida as soon as you can.

Talk to a Tax Law Attorney now!

Life in Spring Hill

Spring Hill is located in Hernando County, Florida. About 100,000 people call Spring Hill home. Spring Hill is located near Tampa Bay and St. Petersburg.

Tourists love to tour the Nature Coast Botanical Gardens, the Stage West Community Playhouse, the Hernando Symphony Orchestra, Pine Island Park, Weeki Wachee Springs beach, and Buccaneer Bay. Spring Hill has something for everyone--the nature lovers, the history loves, and those who just want to sit back, relax, and enjoy the Florida sun!

The healthcare industry is very prominent in Spring Hill. Alongside the health care force is the presence of law firms which train attorneys to practice in all areas of law. Therefore, Spring Hill residents can remain rest assured because any and every legal inquiry of theirs can be handled by Spring Hill attorneys.

Overall, Spring Hill is a quaint city with small-town charm. Many consider it to be a wonderful place to call home!

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