Palm Beach Tax Lien Lawyer

Palm Beach Tax Lien Attorney

If you owe back taxes to the Internal Revenue Service (IRS) or the Florida Department of Revenue (DOR), these agencies will eventually take action to collect what you owe. A tax lien is one way to collect on taxes, and can eventually lead to you losing a vehicle, property, and even your home. A Palm Beach tax lien lawyer can help you address a debt you can’t pay back.

Hire a Tax Lien Lawyer in Palm Beach

The legal team at TaxSmith, LLC, has spent over a decade working in tax law. We want to help you find the ideal solution to your tax debt that fits your circumstances and most effectively supports your financial situation. We have experience with local IRS offices, including the office located in West Palm Beach. Our attorneys can help you with your tax lien cases with actionable and transparent tax advice.

Tax Agencies and Tax Debt

In the U.S., the IRS assessed over 22.4 million civil penalties against individual, trust, and estate income taxes for the failure to pay in 2024. These civil penalties amounted to more than $7.8 billion. Both the IRS and the DOR have resources to get the taxes they owe from taxpayers.

A tax lien is a claim on your property as collateral for the debt you owe. In the same year, the IRS filed nearly 197,000 tax liens to collect back taxes. If you don’t pay your liability, the property will eventually be seized. The IRS or DOR can place multiple tax liens if necessary.

How Can You Fight a Tax Lien?

If you receive notice of a tax lien being filed by the IRS or DOR in Palm Beach, it’s important to understand your options. The easiest way to avoid the negative financial consequences of a tax lien is to pay the debt you owe the tax agency. Once the payment is processed, collection actions will cease.

Unfortunately, many taxpayers face a tax lien because they do not have the financial ability to pay the tax debt they owe. When this is the case, there are options to negotiate your debt, and negotiating your debt may pause or stop collection actions. Negotiations can lower the debt you owe, such as through penalty abatement or an offer in compromise. It can also give you more time to pay the debt, such as through an installment agreement.

How Does a Tax Lien Harm Your Finances in Palm Beach?

Tax liens have many financial consequences, and they can also harm your reputation. Tax liens do not involve immediate asset seizure, so some taxpayers think they aren’t very serious. However, there will eventually be asset seizure, and in the meantime, a lien can harm many aspects of your life, including:

• Employment. Facing a lien and other collection actions can limit where you can be employed. Certain fields require a high security clearance that you cannot get when you have a tax lien.
• Assets. The property that the tax lien is applied to cannot be sold or refinanced. A tax agency can also place a lien on any asset you receive, as well as interfere with the sale or acquisition of any new assets. Profits from asset sales can be seized by a tax agency. Your assets can be affected by a tax lien even after you file for bankruptcy.
• Credit. A tax lien is public information. Banks and creditors can see that you owe taxes and that a tax agency has placed a claim on your assets. This can make it much harder for you to get credit and can harm your credit score, which can impact your life for a long time.
• Business. If you are a business owner, unpaid taxes can affect your business. Liens can be placed on your business property or accounts receivable. This can harm your business reputation and affect your profits.
• Scams. The public information of the lien can also be seen by scammers, who will use this information to tailor scams to your financial situation.

FAQs About Palm Beach, FL Tax Lien Law

How Do Tax Liens Work in Florida?

Tax liens work in Florida as collateral for a tax agency. They are placed on an asset such as real estate, a bank account, or a vehicle. If you owe significant back taxes to a tax agency, it may place a lien, preventing you from selling the asset or refinancing it. If the tax debt is still not paid, the agency may seize the asset to pay off the debt owed.

Do You Lose Property in Florida for Owing Back Taxes?

You could lose property in Florida for owing back taxes. The IRS or DOR can take action to collect on unpaid taxes if you ignore tax bills and other attempts to contact you. This includes placing a lien on your property and eventually seizing that property to pay off your debt. Tax agencies can seize your home, your vehicle, funds in your bank account, and other property. It’s important to address back taxes before this happens.

How Long Can Property Taxes Go Unpaid in Florida Without Consequences?

Property taxes are due on March 31 in Florida, and payments not made by this time are considered late and can lead to consequences. The DOR is likely to send you a notice of nonpayment or a tax bill showing the amount owed, as well as the penalties and interest that have accrued. If you still do not pay the debt, then the agency may take collection actions to recover the debt, such as a tax lien or wage garnishment.

Why Should You Hire a Tax Lien Lawyer in Florida?

You should hire a tax lien lawyer in Florida to help you address tax collection actions and manage your tax debt. The most effective way to deal with a tax lien is to pay off your debt in full, but this may not always be a financial possibility. If it isn’t, then an attorney can walk you through the other options you have to negotiate your debt. This can help prevent collection actions with serious financial repercussions.

Manage Your Debt With a Palm Beach Tax Lien Attorney

It’s important to act as soon as possible to address your tax debt with the DOR or IRS. Contact TaxSmith, LLC, today for experienced and trusted legal guidance.