Tax Lien in Redmond, Washington

Find the right Tax Lien attorney in Redmond, WA

Tax Lien Lawyers in Redmond

A "lien" in Redmond, Washington is a type of security interest that one person or entity has in someone else's property. Usually, a lien is created by a court, to secure payment of a debt. A lien gives its holder many rights in the property that is subject to it, including the right to seize the funds if the property is sold, and priority access to the property, in front of other creditors.

A "tax lien" is simply a lien placed on a piece of property by the state or local government, to acquire the payment of back taxes. A tax lien in Redmond, Washington can arise to secure the payment of any federal or state tax, including income tax, estate tax, or gift tax.

Of course, a tax lien in Redmond, Washington isn't worth much more than the paper it's printed on if the debtor doesn't own any property of value, on which a lien could be placed. Nonetheless, a tax lien applies to property that the taxpayer obtains even after the lien is created. Evidently, this makes it quite a bit easier for the government to collect its taxes.

Tax Lien Procedure in Redmond, Washington

The process of imposing a tax lien on property in Redmond, Washington 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.

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 10-day period expires without payment, the tax lien arises automatically. Once this happens, the tax authorities in Washington have all the options in the taxpayer's property that any other lien holder would have, containing priority over competing creditors.

But, under federal law, there are limits to how tax liens can be enforced in Redmond, Washington, and elsewhere. Typically, 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 Redmond, Washington Tax Lien Lawyer Help?

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

Fortunately for you, tax lawyers in Redmond, Washington 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 Redmond

Redmond is located in King County, Washington. It is approximately 16 miles east of Seattle. Per the 2010 census, it has a population of 45,256 people.

Top employers include Microsoft, Nintendo of America, Concur Technologies, Visible.net, Wild Tangent, Solstice and Data I/O, and Online Trading Academy.

Redmond is also home to many attorneys who reside in the city. These attorneys are very capable and easily handle the legal needs of Redmond residents. For large, complex cases Redmond residents go to the large, top-tier Seattle firms.

Overall, Redmond is a quaint place with small-town charm. It is a wonderful place to call home or visit!

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