Tax Lien in Pawtucket, Rhode Island

Find the right Tax Lien attorney in Pawtucket, RI

Tax Lien Lawyers in Pawtucket

In Pawtucket, 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 authorizes 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 Pawtucket, Rhode Island tax authorities, to compile 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 considerable property on which a lien can be imposed. To get around this limitation, most tax liens in Pawtucket, Rhode Island apply to after-acquired property (property acquired after the lien was created). Most other liens only apply to certain pieces of property, or property that the debtor owned at the time the lien went into effect.

Tax Lien Procedure in Pawtucket, Rhode Island

The process of imposing a tax lien on property in Pawtucket, Rhode Island is normally fairly simple. The initial step is for the IRS or local tax agency to decide that a person really 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 (normally 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, in Pawtucket, Rhode Island, 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 certain period of time.

How Can a Pawtucket, Rhode Island Tax Lien Lawyer Help?

If you are notified by the government that you owe back taxes in Rhode Island, and that they are going to pursue a tax lien to collect their money, things can get very difficult, extremely quickly.

Fortunately for you, tax lawyers in Pawtucket, Rhode Island are experts at dealing with matters such as these, and can make sure your rights are safeguarded, and advise you on the best way to proceed, if you are facing the prospect of a tax lien.

Talk to a Tax Law Attorney now!

Life in Pawtucket

Pawtucket is a city in Providence County, Rhode Island. It is the state's fourth largest city, with an approximate population of 71,200 people

Some popular attractions include Marconi Garden, Daggett House, Water Color Gallery, Daggett Farm, State Memorial Park,

Pawtucket has been in the media--believe it or not! In 1996, the film American Buffalo was filmed there. It has also been talked about in the popular cartoon Family Guy! Pawtucket has also had minor references in the films Outside Providence, Mermaids, and NBC sitcom "Nurses."

There are many attorneys who practice in Pawtucket. These attorneys practice in various areas providing security to local businesses and residents that their legal needs can be easily handled.

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