Tax Lien Lawyers in Hanover
In Hanover, Pennsylvania, a "lien" is defined as a property right that's granted to a creditor against a piece of property owned by a debtor, for the purpose of collecting on the debt if the debtor is unwilling or unable to pay. A lien permits its owner to exercise some control over the property that is the subject of the lien. This includes the right to force a sale of the property, and to seize the resulting revenue, and priority access to the property ahead of other creditors.
As you might have gathered, a "tax lien" is simply a lien placed on property by the IRS or Hanover, Pennsylvania tax authorities, to gather taxes that the property-owner has failed to pay.
Tax Liens in Hanover, Pennsylvania are usually only effective if the taxpayer has a significant amount of property on which a lien can be placed. However, it's important to note that essentially any property, including that which is acquired after the lien is imposed, can be subject to a tax lien.
Tax Lien Procedure in Hanover, Pennsylvania
The process of imposing a tax lien on property in Hanover, Pennsylvania 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.
At this point, they will send the taxpayer a written notice stating that they owe a particular amount of money in back taxes, and that they have a small window of time (frequently 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 results, the IRS or Pennsylvania tax agency will have substantial rights against the taxpayer's property.
However, if the federal government does not seek to enforce a tax lien in Hanover, Pennsylvania 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 Hanover, Pennsylvania Tax Lien Lawyer Help?
If you end up having a tax lien imposed on your property in Pennsylvania, you will probably have to deal with some fairly challenging legal issues, which might be complex to a layperson.
Luckily, Hanover, Pennsylvania 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.