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<br />Excerpts From in mat Rrrenrse
<br />Sec. 6321. Lien For Taxes.
<br />If any person liable to pay any tax neglects or reluses to
<br />'pay the same after demand, the amount pncludcg any lim-
<br />fSt. additional amount, addition to tax, or assessable penalty,.
<br />legttlttr with any costs that may accrue in addition thegtol-•
<br />Shall be a lien in favor Of the United Slates upon a!1 property
<br />and rights to property, whether flat or persons, :elongtng
<br />to such person.
<br />Sec. 6322. Period Of Lien.
<br />Unless another date imposed by section $321rshatll arise at the time � asses.m nr
<br />ti in and Sher, continue until the liability for the amount so
<br />assessed (or a judgment against the taxpayer arising out of
<br />such liability) rs satisfied Of becomes unenforceable by reason
<br />If lapse at time.
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />(a) Purchaser's, Nomm Of security Inn.
<br />break MeN' wiWo Lieeors, And J
<br />Lien Creditors. — The lien imposed by section 6321 shall
<br />not be valid as against any WChaser, holder of a security
<br />Interest Mechanic's Ifenor, orludgmeni lien creditor until notice
<br />thereof which insets the requirements of subsection (0 has
<br />been filed by the Secretary.
<br />(o Plaice For Filing Notice; Form. —
<br />(1) Pace For Filing - The notice referred to In sub -
<br />sectron (a) shall be filed
<br />(A) Under Sate laws
<br />(0 Real Property • In tf!e c: n of real Drc2arty. in one
<br />office within the State (or the'- O.:n: f,of, other �t,ern renal
<br />subdiv:s(cn), as designated ea: "e saws of suctiState. in
<br />which the Graperty subject to Vie hen is cttcatcey and
<br />(1I) PerBdcal Property - In the case 0`•- 'personal
<br />property, w`etPe: taagble c- mlanglblo, in are office
<br />within the Stale .at- ire county, or other 2,.tt3i');.neotat
<br />subdwtSIC-;, as designated by the laws of, s;rr State.
<br />in which mot property subject 10 the ?ieh ,s vtaafed.
<br />or
<br />(B) With Clark Of District Court -In the OffrCa Of the Clerk of
<br />the United States distant court for The )UOjC +al district ,n whrc4
<br />the property subject to lien rs situated. whenever the State has
<br />lot by law designated One cif,Ce which netts the recluiremem, at
<br />sJbparagrapn(At.or
<br />IC) With Recorder Of Deeds Of The District Ct r �,.ne,a - rn
<br />ire office Of the Retarder of Deeds of the Dia! ^rt d(tr1• ltne,a. d
<br />lie property suolect U the lien is situatxN'c fY
<br />cc!umbia ;r.lr,d Of
<br />42) SINS Of Property Subject To lftri • For purposes or
<br />tw agraph$ (1) and (4), property shall be seemed to bentuated-
<br />(A) Real Prope:ej - In the case of real property as ills
<br />Physical Ioea grf, or
<br />(9) Personal Property . In the Cale of personal ttropetty,
<br />whether flegibie or Intangible, a It# residence C" the
<br />at the tlml the notice of lion 'A filed.
<br />Fdrpurposes of paragraph (21(s). tt a esisence of a corporaLen
<br />or partnership shall M d"m d to be the place at which the
<br />Principal executive otfice of the business is fisted. aid the
<br />residence oI a taxpayer whose residence is without the Unned
<br />States shall, be deemed to be in the District Of Columbia. without h
<br />retorted Ftomin Subsactoo (a) shall 00 prescribed by tithe
<br />Strcr$ary. Such notice shall be vaw nctwrthltanduro anv
<br />iritrii Provision of taw regarding the form or contani 01 a
<br />notice of lien.
<br />Note: See section 6323(b) for protection for
<br />certain interests even though notice of lien
<br />imposed by section 6321 is filed with respect
<br />to:
<br />1. Securities
<br />2 Motor vehicles
<br />3. Personal property purchased at (Stall
<br />e. Personal property purchased in casual sale
<br />S. Personal property subjected to pcsseas3ry pier..
<br />e. Real property tax and special assew:tg,.,:lara
<br />7. Residential property subject to a m.io, IY i. s
<br />!ten for certain repairs and improver! ees
<br />s Attorney's liens
<br />9. Certain insurance contracts
<br />10 Passbook loans
<br />(g) Refiiing Of Notice. — For purposes of this
<br />section -
<br />(1) General Rifle. — unless notice of lien is retge-
<br />the manner prescribed in paragraph (2) during the requ :-ed
<br />rer-Imil Dertod, such notice of lien shall be treated as hied On the
<br />Oa'e Off which it Is filed (in accordance with SUbstcLOn ;T)) ate"
<br />Me et p;raticil of such reftli,p period.
<br />21 Place For Filing. — A notice of lien tefi.ttd
<br />der `4 ! fe -ec4ifee -a` lip period shall be tifecbve only •
<br />ii) Such nObce Of lien r5 r$fdlBMlhe O}fite:n ah:G't tn8
<br />Prior notice Of lien was fite9. and
<br />(r$) in the case of real pr0;erty, the fact of ret:ong :s
<br />entered and n an index t0 file extent yy
<br />subsection fit -C :. - - -zod
<br />•91 in any case q. ",,:h 90 days or more Dnor to the date
<br />Of a refiring of nOl'rx if i,tn ander Su DOaragraph tAl tho
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<br />Secretsry.recelvee ws111M Information (in the MR"
<br />otes0ribed In 390181I M3 Issued by the Secre ary)
<br />COncemi,,lg a change in Ode taxpayefe residence. if a tkrce
<br />otsic7tUen IS also Ned6taeeordsnn with subsection n in
<br />thtS"a a to which such realdaince is loam.
<br />(at Requited Reftho Period.
<br />O'er) N1;Ce Of Ilea• the term'reoufred refiUng
<br />(A) the one -year period enc:ng 30 days stiff Ufe expirahan
<br />Of a year$ after the date of the assessment of tens tea, and
<br />(B) the one -year period erdrV with Ind expiration oteyears
<br />after the close of the preceding recuired refiring period for
<br />Such notice of ben.
<br />See. w2�. Release Of Lien Or
<br />Discharge Of Property.
<br />(a) Name Of LIM. — Subject to such
<br />regulatiunt as the Secretary may proscribe. the Secre!ary shalt
<br />Issue a certificate of reigns of any lien Imposed with respect to
<br />any internal revenue tax nCt later thin 30 days after me day or
<br />which
<br />(1) Uab,hty Satisfied Or Unenforceable • Tfte Sttcretlrf
<br />flhds that the liability tot the amour,. assessed. tOgtther wit, a•I
<br />Interest In respect thereof. has Dean fully satisfied Om f:a/
<br />become legally uMnforceaMe, cr
<br />(2) Bond Accepted • TMra,e r>Imnrshea to the Saerstlryand
<br />accepted by Alm a bond that is xr :itloned upon the payment of
<br />the amount assisted. tope! "er rlth ate Interest In respea
<br />iharSOf, within the time pres7bed by law (inCluding any
<br />extension of such hfre)• ant tta, is in accordance wits. a xh
<br />rtpulremsnts relatmo to terns. CBnaltionS. and form p1 the :Cod
<br />and sureties thereon, as may be specrfiea by such egulgtons.
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />(k) Disclosure a Certain Returns snit
<br />Rstum information For Taut Admtntstration
<br />Purposes. —
<br />121 D.s.'eswe at ar o,,; r.(•; •s'arc e, • •r a ^01,ce at
<br />hen has Seen f„ed p,rsuant on 6323 ;t 1 ^e a•nc,;nr of the
<br />O.itstanC :ng uD.,pebon sEC.'eZ :•r 5. ; ^ ?^ ^3r:e 3 st:osW tJ
<br />any person who turn,shes'- ak5lZaCry ;;r :';;,� e,•C_nCe Ihar no
<br />hzs a right ,n tee property subject to sac*l en t, mtenOS 10
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