Tax Lien in Wichita Falls, Texas

Find the right Tax Lien attorney in Wichita Falls, TX

Tax Lien Lawyers in Wichita Falls

In Wichita Falls, Texas, 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.

A tax lien, then, is simply a lien that is formed for the particular purpose of collecting taxes from a delinquent tax payer in Wichita Falls, Texas.

However, a tax lien in Wichita Falls, Texas will be ineffective if the debtor doesn't own any valuable property to encumber with a lien. As with any debt, the creditor can't collect if the debtor doesn't have any assets. Nonetheless, a tax lien can be applied to property that the taxpayer gains after the lien goes into effect.

Tax Lien Procedure in Wichita Falls, Texas

In Wichita Falls, Texas, the process for creating a tax lien is fairly uncomplicated. First, the tax authorities decide that a taxpayer truly owes taxes that they haven't paid (that they're delinquent in their taxes).

Then, the IRS, or state tax authorities, send a "notice and demand," informing the taxpayer that they owe back taxes, and that they are obligated to pay their taxes within 10 days.

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

But, under federal law, there are limits to how tax liens can be enforced in Wichita Falls, Texas, and elsewhere. Usually, the IRS has 10 years to try and enforce a tax lien. If no effort is made to enforce a tax lien for 10 years, the lien is automatically lifted, and the lien holder loses all rights in it. This rule exists to ensure that the government collects its taxes in a reasonable time period, and it prevents valuable property (which could otherwise be contributing to the economy by being bought and sold) is not laded with a lien for an indefinite period of time.

How Can a Wichita Falls, Texas Tax Lien Lawyer Help?

If you find yourself on the receiving end of a tax lien in Texas, you are going to have to wade through some substantial and complicated legal concerns.

Therefore, it's important that you contact a tax attorney in Wichita Falls, Texas 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 Wichita Falls

Wichita Falls is a city located in Wichita County, Texas. Per the 2010 census its reported population is 104,553. The city is known because it is home to the "World's Largest Skyscraper." Another popular site is the Sheppard Air Force Base.

Wichita is home to many attorneys who work in surrounding cities at mid to large size firms, as well as well-experienced attorneys who have established local law offices. Therefore, the legal force in Wichita Falls is well-experienced and offers services in a variety of legal areas. Attorneys who have the larger firm experience are excellent at handling multiple legal matters efficiently. Whereas the attorneys who have established their small law offices excel in providing clients with personalized legal services. Residents and local businesses have access to attorneys with both characteristics and are therefore very blessed.

Famous residents (past and present) include Greyson Chance, Don Cherry, Phyllis Coates, Paul Eggers, Eddie Hill, Khari Long, Bill McDonald, Llyod Ruby, Bernard Scott, Nathan Vasher and Dave Willis.

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