Tax Lien in Mckinney, Texas

Find the right Tax Lien attorney in Mckinney, TX

Tax Lien Lawyers in Mckinney

In Mckinney, Texas, 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 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 simply a lien that is created for the specific purpose of collecting taxes from a delinquent tax payer in Mckinney, Texas.

Tax Liens in Mckinney, Texas are typically 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 virtually any property, including that which is acquired after the lien is imposed, can be subject to a tax lien.

Tax Lien Procedure in Mckinney, Texas

Imposing a tax lien in Mckinney, Texas is usually an uncomplicated process. Typically, the tax authorities simply have to make a determination 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, they will send the taxpayer a written notice stating that they owe a some amount of money in back taxes, and that they have a small window of time (commonly 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 happens, the IRS or Texas tax agency will have considerable rights against the taxpayer's property.

However, 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 Mckinney, Texas 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 prevent potentially-valuable property from being encumbered indefinitely. Basically, it creates a measure of certainty for both parties.

How Can a Mckinney, Texas Tax Lien Lawyer Help?

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

Accordingly, it's important that you retain a tax attorney in Mckinney, Texas to ensure that whatever legal rights you have in this situation are protected. 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 Mckinney

McKinney is located in Collin County, Texas. It has a population similar to Plano, Texas. McKinney is home to around 131,100 people.

An interesting fact is that in 2007 McKinney is ranked as the second fastest growing city. CNN Money Magazine included it in its list of "Best Places to Live in the U.S."

Top employers include McKinney Independent School District, Wal-Mart, Lattimore Materials, Blockbuster Entertainment Group, Medical Center of McKinney, Torchmark Corporation, and Encore Wire. The legal industry also has a presence in McKinney because many well-established and experienced lawyers have made a home in McKinney. Therefore, residents and businesses have competent attorneys to handle their legal issues.

Overall, this is a great city to visit or live in!

Clients Rate LegalMatch Attorneys
(click to read reviews)

Joel C.
Joel C.

Tax Law

Davidson, TN

Edwin L.
Edwin L.

Tax Law

Fayette, TN

Tax Defense N.
Tax Defense N.

Tax Law

Ohio, TN