Tax Lien in Lawrence, Massachusetts

Find the right Tax Lien attorney in Lawrence, MA

Tax Lien Lawyers in Lawrence

In Lawrence, Massachusetts, a "lien" is a type of property right, which is created by a court to acquire payment of a lawful debt. Generally, 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 also put them "first in line" compared to other creditors, if the debtor files for bankruptcy.

In Lawrence, Massachusetts, a "tax lien" is simply a lien imposed by the government to collect back taxes from a citizen or corporation, when other methods for collecting have failed.

Tax Liens in Lawrence, Massachusetts are generally 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 practically any property, including that which is acquired after the lien is imposed, can be subject to a tax lien.

Tax Lien Procedure in Lawrence, Massachusetts

The process of imposing a tax lien on property in Lawrence, Massachusetts is usually fairly simple. The initial step is for the IRS or local tax agency to decide that a person actually owes back taxes, and that it is worth the effort to impose a lien.

They will then mail a document called a "notice and demand," which lets the taxpayer know that they owe money on their taxes, and that they have a certain period of time (usually 10 days) to pay what they owe.

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.

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 Lawrence, Massachusetts 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 Lawrence, Massachusetts Tax Lien Lawyer Help?

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

Therefore, it's important that you hire a tax attorney in Lawrence, Massachusetts 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 Lawrence

Lawrence, Massachusetts is a city located in Essex County. According to a 2007 Census estimate, Lawrence has a population of about 70,000 people. Along with Salem, Lawrence is the county seat of Essex County.

Lawrence, Massachusetts was first founded in 1640, as an English settlement. During the industrial revolution, which went on from the mid-1800s to the early 20th century, Lawrence grew rapidly.

Lawrence quickly became home to many large and productive textile mills. However, like many cities during the industrial revolution, Lawrence underwent significant growing pains. In 1912, a mill collapsed, and killed over 140 workers. This, along with many other factors, such as sub-standard working conditions and low pay, led to a strike by over 25,000 workers, now known as the Bread and Roses Strike, which has since become a rallying cry for many workers' rights organizations.

In the 1950s, Lawrence saw a decline in many of its traditional industries, which led to a period of economic hardship. However, its economy is currentlyseeing some improvement, witha sharp decrease in violent crime, and a spike in private investment, with many investors purchasing the many old mill and factory buildings.

If you live in or near Lawrence, Massachusetts, chances are very good that you'll be able to find a good lawyer. Lawrence, Massachusetts lawyers have to deal with a wide variety of cases, and as a result, tend to be well-rounded.

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