Tax Lien in North Bergen, New Jersey

Find the right Tax Lien attorney in North Bergen, NJ

Tax Lien Lawyers in North Bergen

A "lien" in North Bergen, 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 North Bergen, 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 North Bergen, 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 critical 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 North Bergen, New Jersey

The process of imposing a tax lien on property in North Bergen, New Jersey is typically fairly simple. The first step is for the IRS or local tax agency to determine that a person truly owes back taxes, and that it is worth the effort to impose a lien.

Then, the taxpayer is sent a letter with a "notice and demand," which informs the taxpayer that the IRS has determined that they owe back taxes, and that they have a short period of time (typically 10 days) to pay them without incurring a penalty.

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

However, in North Bergen, New Jersey, 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 substantial 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 narrow period of time.

How Can a North Bergen, 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.

Accordingly, if you think that any piece of property you own might become subject to a tax lien in North Bergen, New Jersey, you should not hesitate to seek the advice of a skilled tax attorney immediately.

Talk to a Tax Law Attorney now!

Life in North Bergen

North Bergen is a township located in Hudson County, New Jersey. North Bergen, New Jersey has a population of about 60,000 people, as of the 2000 Census.

North Bergen got its name in the 1800s, when the former Bergen Township was divided into several smaller sections, one of them being North Bergen.

North Bergen, New Jersey is known for its hilly terrain, and is said to be second only to San Francisco in American cities with the most hills. It also has an elaborate shape - resembling an inverted "L." These factors have lead to different sections of North Bergen evolving into distinctive neighborhoods, each with its own unique look and feel.

In order to spur development and commerce, the state of New Jersey has designated North Bergen as an "Urban Enterprise Zone." Many state laws and regulations operate differently (or not at all) in these zones, for the purpose of encouraging businesses to set up shop. For example, sales tax is only 3 1/2%, as opposed to 7% in the rest of the state, and many items, mostly necessities for life, or those related to starting a business, are tax-free.

If you live in North Bergen, New Jersey and are in need of legal advice, you're in luck. There are many North Bergen, New Jersey lawyers who are ready to help you with whatever legal problems you may be facing.

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