Tax Lien in Lumberton, North Carolina

Find the right Tax Lien attorney in Lumberton, NC

Tax Lien Lawyers in Lumberton

A "lien" in Lumberton, 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 numerous 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.

As you might have gathered, a "tax lien" is simply a lien placed on property by the IRS or Lumberton, North Carolina tax authorities, to collect taxes that the property-owner has failed to pay.

Tax Liens in Lumberton, North Carolina 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 basically any property, including that which is acquired after the lien is imposed, can be subject to a tax lien.

Tax Lien Procedure in Lumberton, North Carolina

The process of imposing a tax lien on property in Lumberton, North Carolina 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.

At this point, they will send the taxpayer a written notice stating that they owe a certain amount of money in back taxes, and that they have a small window of time (often 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 occurs, the IRS or North Carolina tax agency will have significant rights against the taxpayer's property.

But, these rights are limited. In Lumberton, North Carolina, and everywhere else in the United States, the IRS has 10 years to enforce a tax lien. If they do nothing about it within 10 years, the lien expires. This rule exists for a few reasons. First, it encourages the IRS to act as quickly and efficiently as possible, and not "sit on its rights." Also, it acknowledges the fact that any encumbrance on a piece of property, such as a lien, makes the property less valuable. By guaranteeing that the lien will either be satisfied or expire within 10 years, this prevents property from being withheld from the stream of commerce forever.

How Can a Lumberton, 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 perplexing and daunting legal issues.

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

Talk to a Tax Law Attorney now!

Life in Lumberton

Lumberton is a city located in Robeson County, North Carolina. It currently has a population of approximately 20,000 people.

The city is located on the Lumber River, and was founded in 1787 by an Army officer, a few years after the end of the American Revolutionary War.

Originally, the Lumber River was used as a major route to transport lumber. Before the advent of mechanized transportation, it was common for lumber to be transported long distances by floating it down large rivers, and such transport was a major source of jobs and development for the areas where this transport occurred.

Most of the growth that turned Lumberton into the city it is today, however, occurred during and after WWII, where it was a major shipping center.

Modernly, the Lumber River is a major recreational attraction, allowing for swimming, rafting, and fishing. It is considered one of the most highly-prized recreational sites in the state, thanks to its natural beauty, and the fact that it features large areas of almost completely unspoiled coastal plains habitat.

There are plenty of Lumberton, North Carolina lawyers who can handle whatever legal issue you might be facing.

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