Do you know the difference between a tax lien and

Do you know the difference between a tax lien and a tax levy

Local and federal tax collection agencies have two ways to collect past due tax accounts: a lien and a levy. Many people don't know the difference between the two. If you are a resident of Georgia and ever have either of these filed against you for back taxes you owe, it is highly recommended that you contact an Atlanta tax lien attorney to help you better understand what is going on and to learn about your options in dealing with the problem.

Any property owner has the right to defend themselves against the filing of a lien and prevention of a levy being issued. A tax lien doesn't always result in the tax collection organization issue a levy to take your property from you. Trying to wade through the complicated procedures and language of liens and levies can be frustrating and stressful, that is why you should never try to do so on your own. In order to assert your rights and protect your home or business, you must be able to understand how liens and levies operate. Basically if you owe past due taxes either to the local, state or federal tax collection agency and you own any type of real estate, they will file paperwork stating that the title to that property and any future property you might purchase belongs to them as long as you owe them money. They are using your property as collateral until the monies are paid off. If you owe money on the property to a mortgage company then that means if the property is sold, money from the sale goes to the tax agency first.


Tax liens are a common way for local tax assessor and collection agencies to collect past due taxes. When the IRS files a federal tax lean it is done with the local court clerk or court recorder's office in the county where the property is located. A federal tax lien affects all property you own both real and personal and a local tax lien affects only the particular properties you owe local taxes on. If you have a tax lien filed against you, in most cases you have thirty days to respond by filing an administrative appeal in order to request reconsideration. This procedure is generally done by an Atlanta tax lien attorney and is called a due process appeal. If the IRS has filed against you, the lien will expire in most cases after ten years, which is when their statute of limitations runs out. The purpose of a tax levy is to take your property. A levy can be taken on your income, bank accounts and even any money that is owed to you. Generally the lien is filed first and if you don't satisfy your debt within a given time then the tax agency will move to place a levy on your financial holdings in order to collect.

somekeyword - To find out more about the differences between liens and levies and your options for an Atlanta tax lien attorney to help you handle them, you can go to Pecklc.com.
You have read the best review article categorized by ask an attorney and the title Do you know the difference between a tax lien and. You can bookmark or spread this post by using this URL https://attorneysearchtips.blogspot.com/2013/02/do-you-know-difference-between-tax-lien.html. Thank You!

Comments :

0 comments to “Do you know the difference between a tax lien and”

Post a Comment

Powered by Blogger.

Blog Archive