Tax Lien in Smyrna, Georgia

Find the right Tax Lien attorney in Smyrna, GA

Tax Lien Lawyers in Smyrna

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

Tax Lien Procedure in Smyrna, Georgia

The process of imposing a tax lien on property in Smyrna, Georgia is typically fairly simple. The first step is for the IRS or local tax agency to determine that a person truly owes back taxes, and that it is worth the effort to impose a lien.

Then, the taxpayer is sent a letter with a "notice and demand," which informs the taxpayer that the IRS has determined 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 10-day period expires without payment, the tax lien arises automatically. Once this happens, the tax authorities in Georgia have all the rights in the taxpayer's property that any other lien holder would have, including priority over competing creditors.

But, under federal law, there are limits to how tax liens can be enforced in Smyrna, Georgia, and elsewhere. Usually, 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 Smyrna, Georgia Tax Lien Lawyer Help?

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

Accordingly, if you think that any piece of property you own might become subject to a tax lien in Smyrna, Georgia, you should not hesitate to seek the advice of a skilled tax attorney immediately.

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Life in Smyrna

Located just 10 miles from the state capital of Atlanta, Smyrna Georgia is a city with lots of Southern charm. Smyrna was incorporated in 1872 and is appropriately nicknamed, "Jonquil City" for the many jonquils that bloom naturally in the city's parks and streets during the spring blossom.

Smyrna has a population of 47,000 residents. Smyrna has over 304 acres of parks and open spaces within the city's 15 square miles-- a fact that promotes its residents outdoor activity. The Village Green is the hub of the city and is the "common area" of Smyrna housing the library, civic center, and community center.

The Market Village is an expansive downtown development in the city that has retail, restaurants, and housing for many of Smyrna residents to enjoy. Smyrna is also a popular sport for Atlanta workers to live in and enjoy the perks and space of a suburb. Smyrna is just a fifteen minute drive to downtown Atlanta.

Smyrna has many lawyers that help contribute to the growth and development of the city. Lawyers with a range of specialties to help their fellow citizens with any issue they may find themselves dealing with. Smyrna lawyers are in good company with local doctors, accountants, and other professionals creating a great professional community.

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