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1 a
<br />:. F
<br />Excerpts Frorntlrenuil Revenue Cade
<br />Sec. 5321. Lien For Taxes.
<br />it ari W-son liable to pay airy tax r, a;a-'.s or refuses to
<br />Pay M. fine after derzt fire any intar-
<br />at. additional amour.; wArr.:r to tax, or assessable penalty,
<br />together with any cortrttt4 rW a0.'rue in addition tWittol
<br />shall be a lien in favor � IN Jntted States upon all property
<br />and rights to property; w N.'r real or personal, belonging
<br />to such person.
<br />Sec. 6322. Period Of Lien.
<br />Unless another date Is specifically fixed by law, the lien
<br />Imposed by section 9321 shall arise at the time the assessment
<br />Is made and shall continue until the liability for the amount so
<br />Unued (or a judgment against the taxpayer arising out of
<br />such nabnrc>) is ssnsa,.6 or becomes unenforceable by roman
<br />off arse of time.
<br />Sec. 6323. Validity; and PriorityAgainst
<br />Certain Persons.
<br />(a) Purehnets, Hoidem of Security in-
<br />Weets„ Mechanids Uenon, And Judgment
<br />Lien Credholm — t"er:en imposed cry section 6321 shall
<br />not be valid as againct wi purchaser, holder of a security
<br />Interesi,mechantesherr-., cr udgment lien creditor until notice
<br />thereof which meets the requirements of subsection (1) has
<br />Lean filed by the Secretary.
<br />t 0111m For Fllino Make; Form. -
<br />(1) Plato For Filing • The notice referred to In sub.
<br />section (1) Shall baffled -
<br />(A) Urder SBBe Laws
<br />(I) Real Property - to the case of :yal property, In one
<br />office within iN State (or the county. cralhergovernmental
<br />subdlvialon), a designated by the (Las ct such State, in
<br />whits the property stand to the Ike (s 11MV11d; and
<br />(it) Parmonal Pnwy - in the can of personal
<br />property, whether lar!p)io or Intangible, in one office
<br />within the State (cr t*e county, or other governmental
<br />subdivision), as desr rated by the taws of such Stitt,
<br />in ONO the property subject to the fien is situated:
<br />or
<br />(8) With Clark of eistrict Court - In the office of the clerk of
<br />the United States district court for the judicial district in which
<br />the property subject to lien Is situated, whenever the State has
<br />not by fawdesignated onsofticewhich meetstherequirementsof
<br />tubparagraph(A).at
<br />(Cl roes. "Mud's OfOaaCiOf Ihe District Of Columbia -fry
<br />the office of the Recorder of Uteds of the District of Columbia, if
<br />the property subject to 1119 Lien 19 situated in the District of
<br />Columbia.
<br />89—Ente W as 0mufnent f%
<br />1 2496
<br />Cantor
<br />Grantx
<br />thmetiret ��
<br />STATE n: NE8,'! -1;13. A)
<br />CO"NT c HA! ! ) 55
<br />(2) Sdus Of Property Subject To Lien - for purposes of
<br />paragraphs (1) and (4), property shalt be deemed to to situated -
<br />(A) Real Property - in the case of real property, at its
<br />physical location; or
<br />(8) Personal Property • In the Case of personal property.
<br />whether tangible Or intangible, at the residence of the
<br />taxpayer at the time the notim 'I pen Is tiled.
<br />For purposes of paragraph (2) M, L►*Ttsldence of a corporation
<br />or partnership shall be desire.Lz Lie ?.he place at which the
<br />principal executive office of the'Jeursfa is located, and the
<br />residence of a taxpayer whose resdence is wnhoat •t og Uni!ed
<br />States shelf be deemed to be in the Ulsblct of Colu^ 'at.
<br />(3) Form - The form and content of the notice
<br />referred !o to subsection (a) q 7a;1 be prescribed by the
<br />Secretary. Such notice sh2:1 De ' Zid notwithstanding arty
<br />other provlafon of law regart:4y Iis form or conterA of a
<br />notice 01 lien.
<br />Nobt See se0an 63*111— for protection for
<br />certain interests eves tttrr...;gh notice of lien
<br />Imposed by section Gs.2t is flied with respect
<br />to:
<br />1. Securities
<br />2. Motor vehicles
<br />3. Personal property purcnras .r: ist it
<br />e. Perscnal property purer= in ;asual sale
<br />5 Persa ^a: property sut;!ti:;d:t: possessory lien
<br />8. Real ps : ;er'y tar ass m,9-F1 assessment liens
<br />I. Resi.e a ; ;; ; E %tfw to a mechanic's
<br />lien f ^wf;ur,e;r,ca)ta•oimprovements
<br />9. Ariarsys�Ee<a
<br />9. Certain .;:cx=cisc:
<br />10. Pasabookloans
<br />(g) Rdiling Of No!lce — For pur;=Ary of Utis
<br />section -
<br />n) GeneraiRule .— unlessnolfceofharimnt"in
<br />the Mannar prescribed In para;raph (2) during Ne rMitrad
<br />riffling porlod, such notica of lien Call be truted as ued on the
<br />date orfwhich it Is filed (in sttorUnce with subsection (f)) after
<br />the axplration Of such folding period.
<br />(2) Piece For FlI ft — A notice of lien retired
<br />during IM required ref fling period still be effective only .
<br />W If
<br />(1) such notice ofllenI s rallied In the office in which the
<br />prior notice at lien wasftfed, and
<br />00 In the case of real property. the fact of refilinp is
<br />entered and recorded in an Index to the extent required by
<br />subsection If) (4), and
<br />(8) In any case in wt!t:h.°gaysorr.,or,pirtaINdato
<br />of a refilinp of notice of Lien under subparagraph (A), the
<br />a
<br />ca
<br />6 V_
<br />z
<br />Q
<br />Serretary received written information (in the manqu
<br />;,C&6 lee in reputations issued by the SWetay)
<br />cancer':,r&L! ps11 the taxpayer's r9sldlnee.,11rLTbcs
<br />of such des s 6=ffird in accordance Xh"SI ths[04 fi 16 .
<br />the State in wf ..s oxi t resldeme is located.
<br />(3) Required RefWng Parlay. — to the can
<br />of any notice of Ban, this term "required re "t g period' means -
<br />(A) the one -year period ending 30 r>i: r,flrthe expiration
<br />of 6 years after the data of the assUL -nom of this tax, and
<br />(9) theone -yea: period ending wi" teixplruionof5y&I
<br />after the close of the preceding wdrad Wiling period for
<br />such notice of lion.
<br />Sera. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />(a) f$eteeee (It LIN. — Subject to such
<br />ragulations u the Sfic:V" may prescrlbe, the Secretary shall
<br />Issue a certificate of relea9 of any lion ImpdufiWth respectto
<br />any internal revenue tax not later than Nair dnar the day on
<br />which -
<br />(1) Liability Sat'stied or UrenIc7,%Us,. - The Secretary
<br />finds thatthe liability fcrthe amount as With Of
<br />interest In respect nemof, has been fa: V satisfied or to
<br />become foggily unenlo- tuble; or
<br />(2) Bond Accepted- There IsfumlOwtlfMoU etarf vd
<br />ac==ed by him a bond that Is condititnsi r'{Raf ft payment of
<br />tare aToun) assessed, together with !.; 'ntryst in respect
<br />t1var ;f, within the time prescribed by law (including any
<br />extension of such time), and that is In accordance with such
<br />requirements relating to terms, conditions, and form of thebond
<br />and sureties thereon, as may be specified by such regulations.
<br />Sec,*. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />mrmation.
<br />(k) Oledomrs of Certain Relumeand
<br />Pmet m, Information For Tax AdminlebWon
<br />(V 31sclosuretl':, nlu.'rfrtC .:lbtaVdn,.u1n. -Its noliceot
<br />lion It as been 11tedPanumtofcezv =14I"the amount of the
<br />outstan ding obligat:aniutn radbysjchh't:f.naybedisclosedto
<br />any person who furn:ste^ satisfactory mlmen evldente that he
<br />has a right In the property subject to tugs ven or intends to
<br />Obtain a right in such property.
<br />OR
<br />8
<br />A,
<br />[CY -
<br />to
<br />A
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<br />CL
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<br />Excerpts Frorntlrenuil Revenue Cade
<br />Sec. 5321. Lien For Taxes.
<br />it ari W-son liable to pay airy tax r, a;a-'.s or refuses to
<br />Pay M. fine after derzt fire any intar-
<br />at. additional amour.; wArr.:r to tax, or assessable penalty,
<br />together with any cortrttt4 rW a0.'rue in addition tWittol
<br />shall be a lien in favor � IN Jntted States upon all property
<br />and rights to property; w N.'r real or personal, belonging
<br />to such person.
<br />Sec. 6322. Period Of Lien.
<br />Unless another date Is specifically fixed by law, the lien
<br />Imposed by section 9321 shall arise at the time the assessment
<br />Is made and shall continue until the liability for the amount so
<br />Unued (or a judgment against the taxpayer arising out of
<br />such nabnrc>) is ssnsa,.6 or becomes unenforceable by roman
<br />off arse of time.
<br />Sec. 6323. Validity; and PriorityAgainst
<br />Certain Persons.
<br />(a) Purehnets, Hoidem of Security in-
<br />Weets„ Mechanids Uenon, And Judgment
<br />Lien Credholm — t"er:en imposed cry section 6321 shall
<br />not be valid as againct wi purchaser, holder of a security
<br />Interesi,mechantesherr-., cr udgment lien creditor until notice
<br />thereof which meets the requirements of subsection (1) has
<br />Lean filed by the Secretary.
<br />t 0111m For Fllino Make; Form. -
<br />(1) Plato For Filing • The notice referred to In sub.
<br />section (1) Shall baffled -
<br />(A) Urder SBBe Laws
<br />(I) Real Property - to the case of :yal property, In one
<br />office within iN State (or the county. cralhergovernmental
<br />subdlvialon), a designated by the (Las ct such State, in
<br />whits the property stand to the Ike (s 11MV11d; and
<br />(it) Parmonal Pnwy - in the can of personal
<br />property, whether lar!p)io or Intangible, in one office
<br />within the State (cr t*e county, or other governmental
<br />subdivision), as desr rated by the taws of such Stitt,
<br />in ONO the property subject to the fien is situated:
<br />or
<br />(8) With Clark of eistrict Court - In the office of the clerk of
<br />the United States district court for the judicial district in which
<br />the property subject to lien Is situated, whenever the State has
<br />not by fawdesignated onsofticewhich meetstherequirementsof
<br />tubparagraph(A).at
<br />(Cl roes. "Mud's OfOaaCiOf Ihe District Of Columbia -fry
<br />the office of the Recorder of Uteds of the District of Columbia, if
<br />the property subject to 1119 Lien 19 situated in the District of
<br />Columbia.
<br />89—Ente W as 0mufnent f%
<br />1 2496
<br />Cantor
<br />Grantx
<br />thmetiret ��
<br />STATE n: NE8,'! -1;13. A)
<br />CO"NT c HA! ! ) 55
<br />(2) Sdus Of Property Subject To Lien - for purposes of
<br />paragraphs (1) and (4), property shalt be deemed to to situated -
<br />(A) Real Property - in the case of real property, at its
<br />physical location; or
<br />(8) Personal Property • In the Case of personal property.
<br />whether tangible Or intangible, at the residence of the
<br />taxpayer at the time the notim 'I pen Is tiled.
<br />For purposes of paragraph (2) M, L►*Ttsldence of a corporation
<br />or partnership shall be desire.Lz Lie ?.he place at which the
<br />principal executive office of the'Jeursfa is located, and the
<br />residence of a taxpayer whose resdence is wnhoat •t og Uni!ed
<br />States shelf be deemed to be in the Ulsblct of Colu^ 'at.
<br />(3) Form - The form and content of the notice
<br />referred !o to subsection (a) q 7a;1 be prescribed by the
<br />Secretary. Such notice sh2:1 De ' Zid notwithstanding arty
<br />other provlafon of law regart:4y Iis form or conterA of a
<br />notice 01 lien.
<br />Nobt See se0an 63*111— for protection for
<br />certain interests eves tttrr...;gh notice of lien
<br />Imposed by section Gs.2t is flied with respect
<br />to:
<br />1. Securities
<br />2. Motor vehicles
<br />3. Personal property purcnras .r: ist it
<br />e. Perscnal property purer= in ;asual sale
<br />5 Persa ^a: property sut;!ti:;d:t: possessory lien
<br />8. Real ps : ;er'y tar ass m,9-F1 assessment liens
<br />I. Resi.e a ; ;; ; E %tfw to a mechanic's
<br />lien f ^wf;ur,e;r,ca)ta•oimprovements
<br />9. Ariarsys�Ee<a
<br />9. Certain .;:cx=cisc:
<br />10. Pasabookloans
<br />(g) Rdiling Of No!lce — For pur;=Ary of Utis
<br />section -
<br />n) GeneraiRule .— unlessnolfceofharimnt"in
<br />the Mannar prescribed In para;raph (2) during Ne rMitrad
<br />riffling porlod, such notica of lien Call be truted as ued on the
<br />date orfwhich it Is filed (in sttorUnce with subsection (f)) after
<br />the axplration Of such folding period.
<br />(2) Piece For FlI ft — A notice of lien retired
<br />during IM required ref fling period still be effective only .
<br />W If
<br />(1) such notice ofllenI s rallied In the office in which the
<br />prior notice at lien wasftfed, and
<br />00 In the case of real property. the fact of refilinp is
<br />entered and recorded in an Index to the extent required by
<br />subsection If) (4), and
<br />(8) In any case in wt!t:h.°gaysorr.,or,pirtaINdato
<br />of a refilinp of notice of Lien under subparagraph (A), the
<br />a
<br />ca
<br />6 V_
<br />z
<br />Q
<br />Serretary received written information (in the manqu
<br />;,C&6 lee in reputations issued by the SWetay)
<br />cancer':,r&L! ps11 the taxpayer's r9sldlnee.,11rLTbcs
<br />of such des s 6=ffird in accordance Xh"SI ths[04 fi 16 .
<br />the State in wf ..s oxi t resldeme is located.
<br />(3) Required RefWng Parlay. — to the can
<br />of any notice of Ban, this term "required re "t g period' means -
<br />(A) the one -year period ending 30 r>i: r,flrthe expiration
<br />of 6 years after the data of the assUL -nom of this tax, and
<br />(9) theone -yea: period ending wi" teixplruionof5y&I
<br />after the close of the preceding wdrad Wiling period for
<br />such notice of lion.
<br />Sera. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />(a) f$eteeee (It LIN. — Subject to such
<br />ragulations u the Sfic:V" may prescrlbe, the Secretary shall
<br />Issue a certificate of relea9 of any lion ImpdufiWth respectto
<br />any internal revenue tax not later than Nair dnar the day on
<br />which -
<br />(1) Liability Sat'stied or UrenIc7,%Us,. - The Secretary
<br />finds thatthe liability fcrthe amount as With Of
<br />interest In respect nemof, has been fa: V satisfied or to
<br />become foggily unenlo- tuble; or
<br />(2) Bond Accepted- There IsfumlOwtlfMoU etarf vd
<br />ac==ed by him a bond that Is condititnsi r'{Raf ft payment of
<br />tare aToun) assessed, together with !.; 'ntryst in respect
<br />t1var ;f, within the time prescribed by law (including any
<br />extension of such time), and that is In accordance with such
<br />requirements relating to terms, conditions, and form of thebond
<br />and sureties thereon, as may be specified by such regulations.
<br />Sec,*. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />mrmation.
<br />(k) Oledomrs of Certain Relumeand
<br />Pmet m, Information For Tax AdminlebWon
<br />(V 31sclosuretl':, nlu.'rfrtC .:lbtaVdn,.u1n. -Its noliceot
<br />lion It as been 11tedPanumtofcezv =14I"the amount of the
<br />outstan ding obligat:aniutn radbysjchh't:f.naybedisclosedto
<br />any person who furn:ste^ satisfactory mlmen evldente that he
<br />has a right In the property subject to tugs ven or intends to
<br />Obtain a right in such property.
<br />OR
<br />8
<br />A,
<br />[CY -
<br />to
<br />
|