Tax Lien in Edison, New Jersey

Find the right Tax Lien attorney in Edison, NJ

Tax Lien Lawyers in Edison

A "lien" in Edison, New Jersey 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 many 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 likely that the lien holder will collect something.

In Edison, New Jersey, a "tax lien" is simply a lien imposed by the government to gather back taxes from a person or corporation, when other methods for collecting have failed.

Tax Liens in Edison, New Jersey are usually 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 virtually any property, including that which is acquired after the lien is imposed, can be subject to a tax lien.

Tax Lien Procedure in Edison, New Jersey

In Edison, New Jersey, the process for creating a tax lien is fairly uncomplicated. First, the tax authorities determine that a taxpayer truly owes taxes that they haven't paid (that they're delinquent in their 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 immediate payment. It will typically give the taxpayer about 10 days to pay the demanded amount.

If that time period expires, and the debtor still hasn't paid, the New Jersey tax lien will go into effect automatically, with no further action required.

However, if the federal government does not seek to enforce a tax lien in Edison, New Jersey 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 Edison, New Jersey Tax Lien Lawyer Help?

If you find yourself on the receiving end of a tax lien in New Jersey, you are going to have to wade through some substantial and confusing legal concerns.

Luckily, Edison, New Jersey tax attorneys can help. If you are facing the prospect of a tax lien, you should not hesitate to seek skilled legal advice, to ensure that your legal rights are protected.

Talk to a Tax Law Attorney now!

Life in Edison

Edison, also known as "Edison Township," is in Middlesex County, New Jersey. Edison was incorporated as Raritan Township prior to becoming Edison Township.

In 2006, Money Magazine ranked Edison the twenty-eighth most livable small city in the U.S. Two years later, this rank fell to thirty-five. In 2009, U.S. News and World Report ranked the city as one of "America's 10 Best Places to Grow Up." U.S. News and World Report uses factors such as low crime, a strong school system, greenery, and recreational activities.

With all of Edison's distinctions, naturally it is home to a variety of professionals, including attorneys. Many attorneys practice law in Edison and are able to aid residents and local businesses with their legal needs.

Past and present famous residents include David Bryan, Al Chez, Tom Dwan, Patrick McDonnell, Brittany Murphy, Susan Sarandon, Mike Vallely, Darrin Winston, and Jeremy Zuttah.

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