Tax Lien in Gaithersburg, Maryland

Find the right Tax Lien attorney in Gaithersburg, MD

Tax Lien Lawyers in Gaithersburg

In Gaithersburg, Maryland, 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 Gaithersburg, Maryland, 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.

However, a tax lien in Gaithersburg, Maryland will be ineffective if the debtor doesn't own any valuable property to encumber with a lien. As with any debt, the creditor can't collect if the debtor doesn't have any assets. However, a tax lien can be applied to property that the taxpayer acquires after the lien goes into effect.

Tax Lien Procedure in Gaithersburg, Maryland

In Gaithersburg, Maryland, the procedure for imposing a tax lien is relatively simple. First, the IRS makes a determination that a person is delinquent in their tax obligation.

At this point, they will send the taxpayer a written notice stating that they owe a some amount of money in back taxes, and that they have a small window of time (commonly 10 days or less) to pay it.

If this deadline expires, and the debtor does not pay the taxes they owe, the lien will take effect automatically. When this happens, the IRS or Maryland tax agency will have considerable rights against the taxpayer's property.

However, if the federal government does not seek to enforce a tax lien in Gaithersburg, Maryland within 10 years of imposing it, federal law dictates that the lien automatically expires. This is effectively a statute of limitations on a tax lien, meant to encourage the federal government to collect its taxes in a reasonable period of time, and ensure that property is not encumbered by a lien forever.

How Can a Gaithersburg, Maryland Tax Lien Lawyer Help?

If you find yourself on the receiving end of a tax lien in Maryland, you are going to have to wade through some substantial and difficult legal contentions.

Therefore, it should go without saying that if you are facing the prospect of your home or vehicle being slapped with a tax lien, you need to obtain the advice of a brilliant tax lawyer in Gaithersburg, Maryland as soon as you can.

Talk to a Tax Law Attorney now!

Life in Gaithersburg

Gaithersburg, Maryland is a city in Montgomery County. Its population is around 60,000 people. Gaithersburg, Maryland was founded in 1765, as a small agricultural community. By the late 1800s, BO Railroad had built a station in Gaithersburg, which accelerated its growth. The station was designed by an Ephraim Francis Baldwin, a famous architect known for designing ornate, Victorian-style train stations. In 1899, Gaithersburg was selected as one of six sites for the construction of the International Latitude Observatory, which was an international effort of scientists to precisely measure Earth's "wobble" on its axis of rotation. Six observatories were built in different parts of the world, on the exact same line of latitude. They would then all focus on the same groups of stars, and each one would measure the stars' apparent movement very precisely, using this data they could obtain very precise data about the movement of Earth's axis. The Observatory in Gaithersburg is an important site in the history of science. It has been designated a National Historic Landmark, and is a popular destination for science enthusiasts to visit. Modernly, Gaithersburg is very diverse, both economically, and demographically. For this reason, there are many competent lawyers of various specialties in Gaithersburg. This means that, if you are facing any type of legal issue, there is a Gaithersburg, Maryland lawyer who can help you with it.

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