Tax Lien in St. Petersburg, Florida

Find the right Tax Lien attorney in St. Petersburg, FL

Tax Lien Lawyers in St. Petersburg

In St. Petersburg, 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 St. Petersburg, 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 St. Petersburg, 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 St. Petersburg, Florida

The actual process of setting up a St. Petersburg, Florida tax lien is usually pretty simple. The agency responsible for collecting taxes must first determine that a tax lien is warranted, usually 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 deadline passes without payment, most tax liens in Florida take effect automatically, giving the tax collectors all of the rights in your property that any other lien holder would have.

But, under federal law, there are limits to how tax liens can be enforced in St. Petersburg, Florida, and elsewhere. Generally, 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 St. Petersburg, Florida Tax Lien Lawyer Help?

If you end up having a tax lien imposed on your property in Florida, you will probably have to deal with some fairly difficult legal issues, which might be confusing to a layperson.

Luckily for you, tax lawyers in St. Petersburg, Florida are experts at dealing with matters such as these, and can make sure your rights are protected, and advise you on the best way to proceed, if you are facing the prospect of a tax lien.

Talk to a Tax Law Attorney now!

Life in St. Petersburg

St. Petersburg, Florida is the fourth largest city in the state of Florida, and a popular vacation destination for both domestic and international tourists. St. Petersburg is the second largest city in the Tampa Bay area, and home to just under 250,000 residents. The sizeable city is located between the Gulf of Mexico and Tampa Bay -- a location that makes St. Petersburg highly accessible. Nicknamed, "The Sunshine City"boasts 360 days of sunshine a year. Not surprisingly, St. Petersburg is also apopular retirement destination. The St. Petersburg Pier, Museum of Fine Arts, and the Salvador Dali Museum are just a couple of the more popular attractions in the sunny city. St. Petersburg is also home to three professional sports teams for football, baseball, and hockey as well as hosts to many amateursports teams. Professional athletes are not the only professionals that thrive in St. Petersburg. Doctors, lawyers, and accountants are also plentiful in the city. St. Petersburg lawyers have a range of skills and are available to help their clients with big or small legal problems. St. Petersburg lawyers are skilled in any issue a client may be dealing with. With the great weather and growing industries, it is no wonder that St. Petersburg also attracts so many fabulous attorneys.

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