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<br />Excerpts From intttmat Rmnue Code
<br />Sec. 6321. Lien For Taxes.
<br />If any Person liable to pay any tax anoWects or tie° -rif -I to
<br />'Pay the same after demand, the amount (ircfuding or-, :cllw-
<br />UL additional amount addition to tax. or assns23:t NM. * y.
<br />Weather vice in)t costs on may accrue in addition lerefo)
<br />"I be a lien In favor of"UAIM Suits upon 111 property
<br />atest tights to property, whether real or porsoaal, belonging
<br />to such person.
<br />Sec. 6322. Period Of Lien.
<br />Unloss another CAN is spocittcaily fixed by law, the lien
<br />11110nW by section 1321 shall arise at the tam the assessment
<br />Is marls alb Shall continue until Use liability for the amount to
<br />assessed (or a judgment against the taxpayer arilifig out of
<br />such liability) is salislrld or btcomes W1arlfarceable by reason
<br />of tepee of time.
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />(a) PurleMwe'l, Hoidfsrs Of 81etrfly In•
<br />torsft Medw la's UrAn, And dudpfttsnt
<br />LMn Crrdiitsf>Ti —The lien Imposts by tlR:p'r7;st 1ha11
<br />net be valid ee a;atnst any parchlser, h0id8f of • SK11fity
<br />Interatl, mlehan t a foriCr, bf judgment lion ered,tor urtl novel
<br />thereof which ml/ts IN regalrtaants of Subsettlon (1) has
<br />been Fled by the Secretary
<br />(n Pisee For Filing Hallo Form. —
<br />(1) Pj:t o=cr Filing - The notice Werred to in cult
<br />sett:on (a) shat ;n: r;ed -
<br />(A) Urder V.YR Laws
<br />(t) Rai tfr53erty • Ir. mr .za of real property, in ore
<br />office within t re Slate to, vsc�xry, or other governmental
<br />subdiv sicrt, as designated t:y r ^e laws o' sin StEte. in
<br />which trio; ti;,erry subject to ire hens s:•.a: ed ,,!Ad
<br />ht) Personal Property - In tt f case cf r(IV', al
<br />property. wisether tangible or mtangi5le, al,-.tie cit.w
<br />within the Stale (or the toarty. or other �:r:7ttttn2i
<br />lubdu,ston), as designated of the laws or
<br />in which the property subject to tha Len s st.a'cd
<br />of
<br />(8) With clerk Of Oistrtel court, Ir. tie 011,1e of t-1 clerk o'
<br />the United States district loin to* the judicial district di which
<br />itte property subject to lien is Sit abed wlrnever re Stale has
<br />-icl by law designated Clio ctfi ce e!t:ch meets ate recn: emer's 01
<br />5, boaragfapn rA1 os
<br />da Wan RN.orCer 6t Geeds OS ilia O,srntt Gf {o, r. as it
<br />!,e off ce of M.e Pecorder of Neds orate 0':fnr171 d
<br />^e Waparty s:,7ietf 1; t ^:� tie, r; s•'..a!en m irr. L .1•r_f al
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<br />0068
<br />`rYO.atior_. /1)
<br />Granter d -
<br />Nur� ±rieat _
<br />STATE OF R SKA)
<br />SS
<br />COU14TY OF HALL )
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<br />j 989 MAR ZR N J 33
<br />1
<br />Pii nr nF.17119
<br />M Sites of Property Subjaet To Von • Far purposes of
<br />puagraphs (1)and(1), property shall badeamedtobs situalod-
<br />(ki, Real Prc?erty - In the case of real property. At its
<br />cfr,srral locstian or
<br />is) r-ersanal Preperm. - in itw craw of Personal property. ,..
<br />whethfr tingrble ,r ,rr"ible. at the rastdme of I t
<br />taxpayer at tM tams the notice of lien is filed.
<br />For purposes of paragraph (2) (5). nee residence CIS corporat ;"
<br />or partnership shall be doomed to to the peas it whkh tfw
<br />principal executive on:te of the business is feca-ad, end the
<br />residence of a taxpayer whose residence Is w.�tcat the United
<br />stateeshatf be deemed to be in the District of CAlumbia.
<br />(3) Form • The form and con flint of the Mica
<br />retired to in subsection (a) shall be prescribed by this
<br />Secretary Such notice shad be valid nOtwdhltanding any
<br />other provision at law regarding the form or content of a
<br />nct!G of Item.
<br />HoW 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 />i. securities
<br />2 motor vehicles
<br />3. Personal property purchased at retail
<br />4. Persomil property purchased in Casual 01:9
<br />5 Personal property subledttd to possessory i:en
<br />A Real property to and specs( assessment htns
<br />1 Aesidential property subject to a r..ecran..'s
<br />!,en for conl.n repial and improverrents
<br />8 Attorney a !-eras
<br />9 Cdh1.n insurarco contracts
<br />10 Passbcoir loans.
<br />(a) Refiling Of Notice. — for purposes of this
<br />section -
<br />Ii) isftrifT�iRSiit.- "- )sessr,at;,;oll,enisr•LleOin
<br />the manner prescraW Ill part„ ld;n (2) during the required
<br />refmrg period, such n: e:e al:tttn shalt be treated as filed cn ehe
<br />021'00nw110rt•stlelit na 9rdanee w4tisuosatton i1); after
<br />me exp:ral¢n o! such reed(r!g period
<br />w, %face For Filing. — A notice c' %en ref.ted
<br />d.,t ".j th1'I "¢07ired retl.rg period Sna'! CC if }ect•Ve O�iy .
<br />(1) such nce: eatienisrehledIn the office, nehicit the
<br />prior rohce of i to wai filid. and
<br />h:, in the ti.d rl IW 0109fty the fact of •et,hno ,s
<br />milted acc rewidf t,'• in "deaf fo 14 e•lert ,e;v,re8 ty
<br />La5eation III lei a "c
<br />r ,n any case.„vh.0 90 days sr heal' of 1J, 13 Inc Sale
<br />tit a re!.-ing of notate of a ell ,.rider SiJparl(ttaj20 ;At tit
<br />,
<br />Secreterl riceivld, written Information (in fM manna
<br />prewfaw _ pl regulations ilium by the Sacretaril)
<br />conurdilig'd it." art thetaspayats raiderm if a notice
<br />at suc'Xf in is 7,(sofiled in accordance with subsection (0 h
<br />IIN slap in which such roslu s is located.
<br />(3) RequUtd;Reffin Intl 011L — in the Cate
<br />cif awry notice of hoc. Ins tsrrn rp!r/rsx'ehfi Fp ptrlod" rteaie-
<br />IA) the one ieespetfo0endilas,:i taysattethsexprattcn
<br />of 5 Veart after .re data of tre assessment of V4 tax, and
<br />(B) lhaann ywrpitloden rn>tixthttgoxptsillo sefovum
<br />after the cost of the preceslrti[ saQWrad rof;'!eg ptrfod for
<br />sa:ch rc*ce of later.,
<br />Sec. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />(a) R*m Of Lki t. — S;to t to such
<br />regulatoro as tA9Grcretary 't!iY ?rescriba, tM Secretary strut
<br />Issi:e a eert,fieott df rehase a! art 'into imposed with respoiWo
<br />any tnterral rtiverue lax not tiff/ vran 30 days after tee day of
<br />which -
<br />(1) MaN iN batef,ed or unonforceaws - The secreuary
<br />finds that the 111tUny far ft$ amount assessed,
<br />Interest in rtttect morsof, tees been fiL iy 9111sSe1 of CIs
<br />become;agafy rrneffdreaD!e: or ,
<br />12) Bandit cectd6- Tnuas.rr tsredtotheSecrotaryaid
<br />acOept/d by him r `N ,kU that; s traulr.ored up3n the psyrrent at
<br />the amount atlessed. tOjttr!:cr -Arh la irteresT in respr..t
<br />thertot all its here t.aillhca by I &# (::' :rip any
<br />eatenston -of start "lute), and if'at is in avvilir:e *,In s::h
<br />rxqulrame llsrels+ tipto terms.landd :vS. an' forr"of the b314
<br />arA 9611tit IIS I"Ie0n. a9 may bl SpeCd !d 5-1 su7h -K -Ationll
<br />Sec. 6108: Confidentiality and vis-
<br />ciosure of Returns and Feturn ln-
<br />formation.
<br />(s) OWYviture of Cefto Ratans and
<br />Rattan Iritnrmation Fur Tax Administration
<br />Purpolft —
<br />i2) Oi Sclesuf- :fcr,Jr:c. .s:a'• stew, 't3•'•oi :971
<br />Iornalbeer, CIO P.,s,n-tuse- fo,&VAINirfa -r,.•.1 -e
<br />CUIStsrantg ab!Jgar•c, sec..: ed 01 71:n .:t-- .' l i .e a sc'cse4 tic
<br />ary afrscn who W rrisnes !m,!1v;ory eaten ev cence flat is
<br />Pas a 'I,ht in the properly atroiticl co six '.en a' Ir;erds to
<br />cetal9 C h;ht m sit" o'coeitf
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