Tax Lien in Taunton, Massachusetts

Find the right Tax Lien attorney in Taunton, MA

Tax Lien Lawyers in Taunton

In Taunton, 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 Taunton, 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 Taunton, Massachusetts are generally only effective if the taxpayer has a significant amount of property on which a lien can be placed. However, it's important 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 Taunton, Massachusetts

The actual process of setting up a Taunton, Massachusetts tax lien is usually pretty simple. The agency responsible for collecting taxes must first decide that a tax lien is warranted, usually by finding that the debtor owes a significant amount of back 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 usually give the taxpayer about 10 days to pay the demanded amount.

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

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

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

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

Talk to a Tax Law Attorney now!

Life in Taunton

Founded in the year 1637, Taunton is one of the oldest cities in the entire U.S. It is the county seat of Bristol County, Massachusetts. The city boasts a rich legacy in industrial history. It has traditionally been known as "The Silver City" after its local silversmith operations.

Taunton still maintains its reputation as the producer of some of the world's finest silver products. A Taunton company recently produced the medals for the 1996 Summer Olympics as well as exclusive silverware for the White House. In addition to silver products, Taunton's economy emphasizes semiconductor, electronics, and silicon manufacturing.

Visitors to Taunton can stop by the Silver City Galleria, which is a large shopping center located conveniently near neighboring cities. A popular destination in Taunton is the Taunton Green Historic District. Each December the city of Taunton provides an elaborate light display at Taunton Green. As a result, Taunton has also earned the nickname of "The Christmas City".

Lawyers in Taunton, Massachusetts will usually process legal claims at the Taunton District Court. The district court is authorized to adjudicate a wide array of civil and criminal claims, including felony cases. Taunton lawyers are ready to provide you with professional assistance and advice.

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