Tax Lien in Saugus, Massachusetts

Find the right Tax Lien attorney in Saugus, MA

Tax Lien Lawyers in Saugus

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

In Saugus, Massachusetts, 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.

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

Tax Lien Procedure in Saugus, Massachusetts

The actual process of setting up a Saugus, Massachusetts tax lien is normally pretty simple. The agency responsible for collecting taxes must first determine that a tax lien is warranted, normally by finding that the debtor owes a significant amount of back taxes.

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 specific period of time (normally 10 days) to pay what they owe.

If this 10-day period expires without payment, the tax lien arises automatically. Once this happens, the tax authorities in Massachusetts have all the rights in the taxpayer's property that any other lien holder would have, including priority over competing creditors.

However, in Saugus, Massachusetts, and anywhere else in America, a tax lien only lasts for 10 years, and then it automatically expires. If the IRS fails to exercise the substantial rights that it has under a tax lien within that period of time, it is assumed that they never intend to do so, and the lien will cease to exist. This ensures that valuable property is only kept out of the economy for a certain period of time.

How Can a Saugus, 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 convoluted and daunting legal issues.

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

Talk to a Tax Law Attorney now!

Life in Saugus

Saugus, Massachusetts is a city in Essex County. It has a population of about 26,000 people, and is part of the greater Boston area.

Saugus was first settled by Europeans in 1629, during the main boom of colonization of New England. The settlers then founded the Saugus Iron works, which operated from 1646 to 1668, which was the first integrated Iron Works in North America. The original site of the iron works is now in the National Register of Historic Places.

What is now U.S. Highway 1 goes through Saugus, and was built in 1806, making it one of the first public roads in the U.S. With the advent of automobiles, this pre-existing road was widened, and during the early history of the automobile, Saugus was an important center for the early adopters of the technology.

Modernly, Saugus is somewhat of a suburb of Boston, but it has definitely retained its own distinct character and lifestyle, and has a quiet, small town feel to it. This means that people who prefer this lifestyle, but have a job in the larger city of Boston, or simply like to visit the city sometimes, can have the best of both worlds.

If you live in Saugus, Massachusetts, and are in need of legal counsel, you shouldn't have any trouble finding him or her. A Saugus, Massachusetts attorney can solve just about whatever legal issue you might face.

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