Tax Lien in Chattanooga, Tennessee

Find the right Tax Lien attorney in Chattanooga, TN

Tax Lien Lawyers in Chattanooga

In Chattanooga, Tennessee, 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.

A "tax lien," then, is a lien held by the government to collect a tax-related debt from a private entity, such as a citizen or corporation in Chattanooga, Tennessee.

Tax liens in Chattanooga, Tennessee are ineffective if the taxpayer doesn't have any property to place the lien on. However, basically any property, including that which the taxpayer acquires after the lien goes into effect, can be affected by a tax lien.

Tax Lien Procedure in Chattanooga, Tennessee

In Chattanooga, Tennessee, the procedure for imposing a tax lien is relatively simple. First, the IRS makes a decision that a person is delinquent in their tax requirement.

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 normally give the taxpayer about 10 days to pay the demanded amount.

If that time period expires, and the debtor still hasn't paid, the Tennessee tax lien will go into effect automatically, with no additional action required.

But, these rights are limited. In Chattanooga, Tennessee, and everywhere else in the United States, the IRS has 10 years to enforce a tax lien. If they do nothing about it within 10 years, the lien expires. This rule exists for a few reasons. First, it encourages the IRS to act as quickly and efficiently as possible, and not "sit on its rights." Also, it acknowledges the fact that any encumbrance on a piece of property, such as a lien, makes the property less valuable. By guaranteeing that the lien will either be satisfied or expire within 10 years, this prevents property from being withheld from the stream of commerce forever.

How Can a Chattanooga, Tennessee Tax Lien Lawyer Help?

If the federal government, or the government of Tennessee informs you that they intend to place a tax lien on your property, you will likely face some pretty difficult and daunting legal issues.

Therefore, it's important that you retain a tax attorney in Chattanooga, Tennessee to ensure that whatever legal rights you have in this situation are defended. Your attorney will also be able to advise you on how to best deal with the situation.

Talk to a Tax Law Attorney now!

Life in Chattanooga

Chattanooga, Tennessee is the 4th largest city in Tennessee, with an a population of about 170,000 people. It is located in Hamilton and Marion Counties.

Chattanooga, TN was founded in 1838 when the United States government, unfortunately, forced the Native American population of the area off of their historical lands, and then established a military base.

Modernly, Chattanooga, TN is undergoing a renaissance, with a concerted effort underway to repair its image, which had been somewhat tarnished over the last few decades, with its industrial economic base disappearing, as happened in many American cities.

Thanks to public and private investment, with many of the major deals negotiated and drafted by Chattanooga, TN lawyers, the city's economy is now a fairly diverse mix of manufacturing and service-based industries. In 2011, Volkswagen opened a manufacturing plant in Chattanooga, TN which cost billion to build, and is expected to employ over 2,000 people when fully operational.

Because of this highly diverse economy, Chattanooga, TN lawyers have a lot to keep themselves busy. So, it should come as no surprise that a Chattanooga, TN lawyer will almost certainly be able to help you with whatever legal problems you may have.

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