Tax Lien in Carrollton, Georgia

Find the right Tax Lien attorney in Carrollton, GA

Tax Lien Lawyers in Carrollton

In Carrollton, Georgia, 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 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 Carrollton, Georgia, a "tax lien" is simply a lien imposed by the government to compile back taxes from a person or corporation, when other methods for collecting have failed.

However, like any other debt-collection method, a tax lien is worthless if the debtor has no considerable property on which a lien can be imposed. To get around this limitation, most tax liens in Carrollton, Georgia apply to after-acquired property (property obtained after the lien was created). Most other liens only apply to certain pieces of property, or property that the debtor owned at the time the lien went into effect.

Tax Lien Procedure in Carrollton, Georgia

In Carrollton, Georgia, the procedure for imposing a tax lien is relatively simple. First, the IRS makes a determination that a person is delinquent in their tax obligation.

At this point, the taxpayer will receive a letter containing a "notice and demand," which, as the name suggests, gives notice that the recipient owes taxes, and demands immediate payment. It will normally give the taxpayer about 10 days to pay the demanded amount.

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 Georgia tax agency will have considerable rights against the taxpayer's property.

But, these rights are limited. In Carrollton, Georgia, 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." Second, it acknowledges the fact that any encumbrance on a piece of property, such as a lien, makes the property less valuable. By ensuring that the lien will either be satisfied or expire within 10 years, this prevents property from being withheld from the stream of commerce indefinitely.

How Can a Carrollton, Georgia Tax Lien Lawyer Help?

If you receive notice from the federal government, or the government of Georgia that a tax lien has been imposed on your property, some pretty complex legal issues are necessarily involved.

Thankfully, Carrollton, Georgia tax attorneys can help. If you are facing the prospect of a tax lien, you should not hesitate to seek qualified legal advice, to ensure that your legal rights are protected.

Talk to a Tax Law Attorney now!

Life in Carrollton

Carrollton, Georgia is located in West Central Georgia, in the foothills of the Appalachian Mountains. As of the 2000 census, its population is about 20,000.

Carrollton is home to the University of West Georgia, which is considered one of the best colleges in the Southeastern U.S.

Carrollton, Georgia remained, for much of its early history, a frontier town. Getting goods and services there was quite difficult until the construction of a railroad in 1874. As a result of this, it was comparatively untouched by the American Civil War. After the railroad arrived, however, Carrollton, Georgia saw an economic boom, and became a major manufacturing center for the region, especially in textiles.

While the textile industry is not as important as it once was, manufacturing is still a major force in Carrollton's economy. Southwire, the largest manufacturer of wire and cable in the world, was founded, maintains its headquarters, and employs more than 1,500 people in Carrollton.

Carrollton enjoys relatively mild temperatures, and extreme weather conditions are quite rare in the area. Carrollton also boasts a small but vibrant local music scene.

Carrollton, Georgia lawyers are ready to help you out with whatever legal issue you might face. If you have any legal problem whatsoever, you shouldn't hesitate to call a Carrollton, Georgia attorney.

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