Tax Lien in Billerica, Massachusetts

Find the right Tax Lien attorney in Billerica, MA

Tax Lien Lawyers in Billerica

In Billerica, Massachusetts, a "lien" is a type of property right, which is created by a court to acquire payment of a lawful debt. Usually, a valid lien gives its holder the right to seize the property subject to it, or at least some of the property's equity, to satisfy the debt. If the owner sells a piece of property that's subject to a lien, the creditor who owns the lien may be entitled to the proceeds, up to the amount you owe them. It can additionally put them "first in line" compared to other creditors, if the debtor files for bankruptcy.

In Billerica, Massachusetts, 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.

Tax Liens in Billerica, Massachusetts are usually only effective if the taxpayer has a significant amount of property on which a lien can be placed. However, it's crucial to note that basically any property, including that which is acquired after the lien is imposed, can be subject to a tax lien.

Tax Lien Procedure in Billerica, Massachusetts

In Billerica, Massachusetts, the process for creating a tax lien is fairly uncomplicated. First, the tax authorities decide that a taxpayer truly owes taxes that they haven't paid (that they're delinquent in their taxes).

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 quick payment. It will typically give the taxpayer about 10 days to pay the demanded amount.

If that time period expires, and the debtor still hasn't paid, the Massachusetts tax lien will go into effect automatically, with no additional action required.

But, under federal law, there are limits to how tax liens can be enforced in Billerica, Massachusetts, 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 Billerica, Massachusetts Tax Lien Lawyer Help?

If the federal government, or the government of Massachusetts informs you that they intend to place a tax lien on your property, you will likely face some pretty confusing and daunting legal issues.

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

Talk to a Tax Law Attorney now!

Life in Billerica

Billerica has a population of about 40,000 residents and is located in Middlesex County, Massachusetts. It is a very historic settlement, as it was founded in 1652 and officially incorporated in 1655. The city is home to several historic places, including the Fiske House, the Deacon Samuel House, Howe School, and the Jaquith House.

Billerica's bustling economy is fueled by several industrial and medical companies such as Pan Am Railways and Pharmalucence Company. Other companies located in the city are American Science Engineering and Lantheus Medical Imaging. Billerica's economy makes it a suitable place for persons seeking employment and residential opportunities.

The city also boasts an extensive sports and recreation program. Sports Illustrated magazine has recently listed the town as one the nation's top fifty cities for sports. Enthusiasts can visit the Boys and Girls Club of Greater Billerica, the Rangeway Golf course, or the Country Club of Billerica for sports activities. Billerica also has a successful youth sports program including youth basketball, football, and little league baseball. The city is often referred to as the "Sportstown" of the state.

Cases filed by lawyers in Billerica, Massachusetts can be heard at the Middlesex Superior Court. The superior court has jurisdiction over a wide array of civil and criminal cases. Many Billerica lawyers find the Massachusetts Trial Court Law Library system to be a valuable resource.

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