Tax Lien in North Providence, Rhode Island

Find the right Tax Lien attorney in North Providence, RI

Tax Lien Lawyers in North Providence

In North Providence, Rhode Island, 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 North Providence, Rhode Island tax authorities, to gather taxes that the property-owner has failed to pay.

However, like any other debt-collection method, a tax lien is worthless if the debtor has no substantial property on which a lien can be imposed. To get around this limitation, most tax liens in North Providence, Rhode Island apply to after-acquired property (property acquired after the lien was created). Most other liens only apply to particular pieces of property, or property that the debtor owned at the time the lien went into effect.

Tax Lien Procedure in North Providence, Rhode Island

The process of imposing a tax lien on property in North Providence, Rhode Island is typically fairly simple. The initial step is for the IRS or local tax agency to decide 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 decided 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 10-day period expires without payment, the tax lien arises automatically. Once this happens, the tax authorities in Rhode Island have all the options in the taxpayer's property that any other lien holder would have, containing priority over competing creditors.

Nonetheless, there are limits to how and when a tax lien can be enforced, at least under federal law. The IRS has 10 years to enforce a tax lien in North Providence, Rhode Island or anywhere else in the U.S. If it never bothers to take action to seize property that's subject to a tax lien, the lien simply ceases to exist after 10 years. This rule is in place to ensure that the government does not sit on its rights, and to keep potentially-valuable property from being encumbered forever. Essentially, it creates a measure of certainty for both parties.

How Can a North Providence, Rhode Island Tax Lien Lawyer Help?

If you end up having a tax lien imposed on your property in Rhode Island, you will probably have to deal with some fairly challenging legal issues, which might be complicated to a layperson.

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

Talk to a Tax Law Attorney now!

Life in North Providence

North Providence is located in Providence County, Rhode Island. The 2010 census reported its population to be 32,078 people.

The primary industries driving the economy are textile, chemical, and drum recycling. Although the legal force is not included amongst the top industries, there are many law offices and solo practitioners that practice in North Providence. Therefore the legal force is present and thriving.

Famous people that have called North Providence home are Ernie DiGregorio, Jim Gilchrist, Danielle Lacourse, Zellio Toppazzini, and Bob Giammarco.

For a small city covering a small area, North Providence has a lot to show for itself, making it a must-see city to visit!

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