A tax levy is generally understood as the mandatory taking of private property by a taxpayer in order to satisfy tax liability on a tax return. The property in question can be homes, cars, boats, properties, insurance, brokerage accounts, bank accounts, payrolls, gifts, tax refunds and many more. Tax levies are collected by local municipalities in various ways, including real or tangible personal property seizures and voluntary contributions from taxpayers. Although they are common in the United States, they are not consistent across the states. States such as Illinois and California have enacted statutes requiring levy settlements. States in the Midwest, such as Iowa, Missouri, Wisconsin and Minnesota, generally allow for state-ordered and federal tax levies.
To determine whether you may be required to obtain a tax lawyer, contact a reputable Colorado Springs, CO real estate lawyer who has experience in handling such cases. You can contact the National Association of Estate Professionals, which is a not for profit organization that provides complimentary initial consultations and legal advice. The National Association of Estate Professionals can provide you with a free consultation or refer you to a qualified Colorado Springs, CO tax lawyer. For details, click this link www.coloradotaxattorneys.net/tax-levy-lawyer-colorado-springs-co/.
If you do not have time to visit the National Association of Estate Professionals in Denver, look up its website. The site offers professional legal advice for all situations, including estate planning, probate, taxes, trust administration, and real estate. At the top of the site is a link to find a free consultation. During the consultation, the professional will review your situation and help you develop a plan to resolve it.
After the National Association of Estate Professionals finishes their free consultation, you can contact the attorney, lawyer, or estate planner for a free consultation. At the consultation, the professional will review your situation and help you develop a plan to resolve it. If the solution does not work, the professional will file a complaint against the municipality that has filed the tax lien against you. The court proceedings usually take months, even a year to complete.
Tax Liens are issued by municipalities before they tax a property, such as a restaurant. In order to tax a business, a tax lien must be filed. This document tells the IRS how much the property is worth, the amount of taxes due, and when the property is going to be taxed. After this date, the property owner owes Uncle Sam his money.
Tax Liens are created for public safety and to protect the revenue. If there is an on-going water shortage, there may be a flood. A tax lien gives the governments a safe and secure place to store the water. Without the tax lien, there would be flooding and a property tax would be due.