Tax Lien in Winter Haven, Florida

Find the right Tax Lien attorney in Winter Haven, FL

Tax Lien Lawyers in Winter Haven

In Winter Haven, Florida, a "lien" is a security interest placed on a piece of property, normally land or a house, to secure the payment of a debt. It typically 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 Winter Haven, Florida, a "tax lien" is simply a lien imposed by the government to compile back taxes from a citizen or corporation, when other methods for collecting have failed.

However, a tax lien in Winter Haven, 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 Winter Haven, Florida

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

Then, the taxpayer is sent a letter with a "notice and demand," which informs the taxpayer that the IRS has decided that they owe back taxes, and that they have a short period of time (normally 10 days) to pay them without incurring a penalty.

If this deadline expires, and the debtor does not pay the taxes they owe, the lien will take effect automatically. When this happens, the IRS or Florida tax agency will have considerable rights against the taxpayer's property.

Nonetheless, there are limits to how and when a tax lien can be enforced, at least under federal law. The IRS has 10 years to enforce a tax lien in Winter Haven, Florida or anywhere else in the U.S. If it never bothers to take action to seize property that's subject to a tax lien, the lien simply ceases to exist after 10 years. This rule is in place to ensure that the government does not sit on its rights, and to keep potentially-valuable property from being encumbered forever. Essentially, it creates a measure of certainty for both parties.

How Can a Winter Haven, 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 complex legal issues are necessarily involved.

Therefore, it's important that you retain a tax attorney in Winter Haven, Florida to ensure that whatever legal rights you have in this situation are defended. Your attorney will also be able to advise you on how to best deal with the situation.

Talk to a Tax Law Attorney now!

Life in Winter Haven

Located in Polk County, Winter Haven Florida is home to just under 30,000 residents. The charming city is home to the second largest Legoland in the world and is also the site of the first Publix Supermarket Store.Winter Haven served as the former spring baseball training site for the Philadelphia Phillies and Boston Red Sox and it is easy to see that city's enthusiasm for sports in the many parks and recreation centers that dot the city.

Winter Haven is home to one college: Polk State College, which is a popular choice for local students to attend. With a heavy emphasis on education, Winter Haven is home to some top professionals including bankers, doctors, accountants and lawyers. Winter Haven lawyers enjoy everything the city has to offer, both personally and professionally. Winter Haven lawyers were trained at some of the nation's top universities and are always happy to help their local client with whatever the legal issue may be.

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