Tax Lien in Winter Park, Florida

Find the right Tax Lien attorney in Winter Park, FL

Tax Lien Lawyers in Winter Park

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

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

The actual process of setting up a Winter Park, Florida tax lien is typically pretty simple. The agency responsible for collecting taxes must first decide that a tax lien is warranted, typically 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 (typically 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 results, the IRS or Florida tax agency will have substantial 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 Park, 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 Park, Florida Tax Lien Lawyer Help?

If you find yourself on the receiving end of a tax lien in Florida, you are going to have to wade through some substantial and complicated legal concerns.

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

Talk to a Tax Law Attorney now!

Life in Winter Park

Winter Park is a suburb in Orange County, Florida. It is home to a little over 25,000 people.

Some popular sites for residents and tourists include the Edward Hill Brewer House, Kraft Azalea Park, Albin Polasek Museum and Sculpture Gardens, Charles Hosmer Morse Museum of American Art, and Cornell Fine Arts Museum.

Top employers in Winter Park include Winter Park Memorial Hospital, Publix, Bonnier, and the public school district. Although law firms are not included in this list, Winter Park is home to many law small law offices and firms. Although small, these offices and firms provide excellent legal services!

Interestingly, Winter Park has also been home to some very famous residents. These residents include Casey Affleck, Michael Barimo, George Brett, Gina Hecht, Doc Rivers, and Daniel Webster.

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