Venice Tax Lien Lawyer

Venice Tax Lien Attorney

There are several collection actions the Internal Revenue Service (IRS) or the state tax agency can take if you haven’t paid your tax debt. One of these is a tax lien. Because it doesn’t immediately seize assets like garnishment or a levy, some people are not as worried about liens. However, liens can have serious financial consequences and cause you to lose your home or vehicle. You need a Venice tax lien lawyer to address your tax debt and stop a lien.

Why Hire the Venice Tax Lien Attorneys at TaxSmith, LLC

TaxSmith, LLC has over a decade of tax law experience and is proud to support taxpayers in our communities. We understand that many tax issues are frustrating and confusing, and we want to help clear things up. It can be sadly easy to get behind on your taxes, and then suddenly be faced with a greater liability than you can deal with.

Our firm wants to help you deal with a tax lien and limit the financial consequences it can have on your life. We help you settle your tax debt by negotiating with the IRS. We can represent you during these negotiations, including at an IRS Taxpayer Assistance Center, like the one near Venice in Sarasota. Our attorney wants to limit your stress and find the most financially beneficial resolution, and she fights diligently. We offer you support and treat you like family.

Collection Actions and Tax Liens

If you miss paying your taxes, you can face penalties in addition to your principal debt. Your debt can then accrue interest. In 2024, the IRS collected $7.8 billion through failure to pay penalties on individual, estate, and trust income taxes. Other penalties can also be assessed, like information accuracy penalties or bad check penalties. If you ignore the tax bills the IRS sends you, you may face collection actions.

IRS collection actions include wage garnishment, bank levies, and tax liens. In 2024, the IRS filed 196,996 tax liens. Tax liens can be placed on any property you own, including your home or vehicle. It shows creditors that the IRS or state tax agency has a claim on your property. Eventually, the agency could seize the property.

Do You Need to Hire a Tax Lien Lawyer?

The most effective way to stop a tax lien is to pay your debt. If you aren’t financially able to do this, then it’s very helpful to hire a tax lien lawyer.

A tax lawyer can help negotiate your tax debt, deal with a tax agency, and may be able to prevent collection actions. They can walk you through the kinds of debt settlement you qualify for and help you reach a fair resolution with the tax agency. There are a lot of negative consequences to a lien. An attorney can help you mitigate these consequences.

What Are the Financial Consequences of a Tax Lien?

You can lose your home, vehicle, or other real estate because of a tax lien. However, even before this, a lien has significant financial and reputational consequences on your life. This includes:

• Limiting your employment opportunities, particularly in fields with security clearance requirements
• Negatively impacting your credit score
• Preventing you from securing credit
• Having a tax agency interfere in any asset you purchase or sell
• Facing liens on any new assets you obtain
• Preventing you from selling or refinancing your assets
• Facing a profit seizure if you do sell assets
• Affecting the reputation and profits of small business owners
• Causing an increase in scams, including those related to your lien
• Affecting your assets even after you file for bankruptcy

These issues can impact your life for many years. It’s important to act sooner rather than later and work with an attorney to settle your debt.

FAQs About Venice, FL Tax Lien Law

How Do Tax Liens Work in Florida?

A tax lien in Florida is a claim by a tax agency on property you have. The lien is placed to claim the property as collateral for a tax debt you owe. It can be placed on your home, your vehicle, and other property you own. Eventually, if the tax debt is still unpaid or you have not taken steps to negotiate a payment plan or other method of repayment, the tax agency can seize the asset and sell it.

Can You Go to Jail for Not Paying Tax Debt in Florida?

It is possible you could face criminal charges for not paying tax debt in Florida, but only if a tax agency believes you are avoiding your taxes deliberately. The agency initiated 2,667 criminal investigations in 2024. In most cases, a tax agency instead sends notices of nonpayment followed by collection actions. Your wages could be garnished, you could have a lien placed on your property, and you could have funds taken from your bank accounts.

What Is the Statute of Limitations on a Tax Lien in Florida?

The statute of limitations for a tax lien in Florida is five to 20 years, at which point the lien can expire. It doesn’t always, however, as the tax agency can renew the lien before it expires. Then, the tax agency is able to seize the property to pay back the debt that it is owed. If you have a tax lien on your property, you need to take action to either pay your debt or negotiate it.

How Long Before Tax Debt Becomes Uncollectible in Florida?

Generally, the IRS has 10 years from the date a debt is assessed to collect it in Florida. However, there are many things that can pause the 10-year countdown and lengthen the amount of time the IRS has to collect the debt. For example, the countdown can be suspended if you file for bankruptcy, request an installment agreement, or request an offer in compromise. Some circumstances can also cause the 10 years to be extended.

Managing Your Tax Lien Case With TaxSmith, LLC

If you are facing IRS collection actions in Venice that you can’t afford, you need a skilled tax lien and debt settlement attorney. At TaxSmith, LLC, we can give you the compassionate and straightforward legal guidance you need. Reach out to our firm today and see what we can do for you.

Venice, FL Tax Lien Law Additional Resources:

Tax Liens in Florida

• How to Remove a Tax Lien in Florida
• Federal Tax Lien Statute of Limitations in Florida
• How Long Does a Tax Lien Last in Florida?

Tax Debt & IRS Issues in Florida

• How to Get Out of Tax Debt in Florida
• Can a Tax Attorney Negotiate with the IRS to Resolve Tax Debt Issues in Florida?
• IRS Offer in Compromise in Florida
• How to Negotiate a Tax Debt Settlement with the IRS in Florida
• Tax Settlement Options for Florida Residents