Tax Lien in Burlington, North Carolina

Find the right Tax Lien attorney in Burlington, NC

Tax Lien Lawyers in Burlington

A "lien" in Burlington, North Carolina is a property right that a person or entity has in property owned by someone else, created by law, for the purpose of enforcing a debt. A lien gives its holder various rights in the property of another person, including the right to seize the proceeds of a sale of the property, and, if the debtor files for bankruptcy, the right to go to the front of the line among other creditors, making it more possible that the lien holder will collect something.

A "tax lien" is simply a lien placed on a piece of property by the state or local government, to acquire the payment of back taxes. A tax lien in Burlington, North Carolina can arise to secure the payment of any federal or state tax, including income tax, estate tax, or gift tax.

However, like any other debt-collection method, a tax lien is worthless if the debtor has no considerable property on which a lien can be imposed. To get around this limitation, most tax liens in Burlington, North Carolina apply to after-acquired property (property acquired after the lien was created). Most other liens only apply to certain pieces of property, or property that the debtor owned at the time the lien went into effect.

Tax Lien Procedure in Burlington, North Carolina

Imposing a tax lien in Burlington, North Carolina is usually an uncomplicated process. Typically, the tax authorities simply have to make a decision that the taxpayer is delinquent in their taxes, and that imposing and enforcing a tax lien will actually be worth the effort.

Then, the IRS, or state tax authorities, send a "notice and demand," informing the taxpayer that they owe back taxes, and that they are obligated to pay their taxes within 10 days.

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 North Carolina tax agency will have considerable rights against the taxpayer's property.

Nonetheless, in Burlington, North Carolina, 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 considerable 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 Burlington, North Carolina Tax Lien Lawyer Help?

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

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

Talk to a Tax Law Attorney now!

Life in Burlington

Burlington, North Carolina is a city in Alamance County. It has a population of more than 50,000 people.

Burlington, North Carolina is known for being the site of the War of The Regulation, which was a revolt against the colonial British government, and predates the American Revolutionary War. Although it was unsuccessful, it may have been a catalyst that helped kick off the wider revolution.

Modernly, Burlington, North Carolina is a thriving, business-friendly community. It hosts the headquarters of LabCorp, one of the largest clinical lab companies in the world, and one of the early pioneers of genetic testing. Burlington is served by a fairly extensive rail network, connecting it to New York, Philadelphia, and Washington, among several other major cities on the East Coast.

The city's daily newspaper is also one of the area's major media outlets.

According to census data, Burlington is an ethnically-diverse community, with significant Hispanic and Asian-American communities.

Given the wide variety of businesses, and relatively large number of residents, in Burlington, North Carolina, it's not surprising that Burlington, North Carolina lawyers typically find their services in demand. Because of the variety of cases they're likely to face, they must be prepared to handle many different types of legal issues, so chances are that there's a Burlington, North Carolina lawyer who can handle your case.

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