Tax Lien Lawyers in Jim Thorpe

In Jim Thorpe, Pennsylvania, a "lien" is specified as a property right that's authorized 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 Jim Thorpe, Pennsylvania tax authorities, to gather taxes that the property-owner has failed to pay.

Tax Liens in Jim Thorpe, Pennsylvania are usually only effective if the taxpayer has a significant amount of property on which a lien can be placed. However, it's essential to note that practically any property, including that which is acquired after the lien is imposed, can be subject to a tax lien.

Tax Lien Procedure in Jim Thorpe, Pennsylvania

Imposing a tax lien in Jim Thorpe, Pennsylvania is normally an uncomplicated process. Usually, 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.

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 quick payment. It will typically give the taxpayer about 10 days to pay the demanded amount.

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.

Nonetheless, in Jim Thorpe, Pennsylvania, 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 narrow period of time.

How Can a Jim Thorpe, Pennsylvania Tax Lien Lawyer Help?

If you receive notice from the federal government, or the government of Pennsylvania that a tax lien has been imposed on your property, some pretty intricate legal issues are necessarily involved.

Luckily, Jim Thorpe, 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.