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<br />Excerpts From Internal Revenue Code
<br />Sec. 6321. Lien For Taxes.
<br />11 any person liable to pay any tax neglects or refuses to
<br />Pay the same attar demand. the amount (md,idmg any inter-
<br />est. additional amount, sdditon to tax, or ass6sta_ a penalty,
<br />together with any Cosa that may accrue In add:t.Ca 1.19ttto)
<br />Shall be a hen tr iavor of the United States upon alt pMCerty
<br />and rights to prooerty. whether teat or personal beierging
<br />to such person
<br />Sec. 6322. Period Of Lien.
<br />Unless anceer date is specifically fixed by taw. iris Caen
<br />ImpOSed by section 6321 shall arise at the timll Iris assessment
<br />It malt and Shall continue until the liability for the amount So
<br />SM13W tar a judgment against iha taxpayer arising out of
<br />such liability) Is satisfied or beeomes unenforceable by reason
<br />ut (apes Iii i.me
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />(a) Purchaser's, Holden Of Secur ft in-
<br />�11,0a11.111. MeeMnk's Llenors, And Judgment
<br />Lien Crldtton. — The lien imposed by section 6321 snail
<br />not be valid as against any purchaser. holder of a security
<br />Inftral, mechanics honor, or judgment lien creditor until nonce
<br />thereof which meets the requirements of subsect,on ill has
<br />been tiled by the Secretary
<br />(f) Plan For Filing Notice; Form. —
<br />(1) Place For Filing - The notice referred to in sub-
<br />section section (a) Std.) to tiled -
<br />(A) Under State Laws
<br />(1) Real Property - In ins case of real props tty, eC des!
<br />office within me state (Or the County. or other gavarn-.,p,
<br />6ufldlviston), aS designated by the jaws of such State. !n
<br />which the property subject to lie ber.:s situated. and
<br />(it) Personal Property • la sae can of porunal
<br />property. whether tangib!e of t- WtIble, (n 4fe office
<br />within t1G state (or the tounty. :4. ogler mr.-isr �h1
<br />to MvJIJIMI, n designated by t-* awe •a' ai,<n State.
<br />•tn Whitt, m1e (uaptrty sub!ecr ice. Le user• is sr.,tted.
<br />Ct
<br />(8) With Clerk Of District Cora: -s- rte office of me dark of
<br />the United States district court for 1218 judicial district in which
<br />this property tubjets to lien is 611 -Alfa. wminever tae State Pas
<br />net by law designated on@ Office which molts the requirements of
<br />subparagraph (A), or
<br />(C) With Recorder Of Deeds Of This District Of Columbia • in
<br />the office of thefltcarder of Dtedsof the District of C01umb,a if
<br />the property subject to the lien is situated ,n the District of
<br />"inwa
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<br />(21 S.tus DI Prepe^,u Subject To Lien . For purposes of
<br />Paragraphs Ill and,1 :.0ro -,erty shall be deemed to bs ed,;ata5-
<br />(At Real Propel - r,.1 it* case of real property. at 13
<br />0.`ystal IOCatOn, or:
<br />;0) At:40nal PtoreiW , h the cash ed V rsonal property,
<br />n( -41 langltns q7 snta<tgibie . at the resldance of the
<br />taxpayer at the tintt tart Ntics of lien Is filed.
<br />For purposes of paregnp t(�!.iA). the residence of a corporation
<br />Or partnership shall be gea'med to be the place at which Lie
<br />Principal 6xecutive off:cs of the business is located, and the
<br />residence of a taxpayer whose residence is without the united
<br />states shall be deemed to be in the District of Columbia
<br />(3) Farm - TM form and content of the notice
<br />r6ferfed TO .n 1,vbstenon (a) shall tie orescribed by the
<br />Secretary Such notice %hail to valid notwithsandinq a -y
<br />other prov.s,on of law rogard,ng the form or content at a
<br />MhM AT I W
<br />NOW See ser..tlon !i7_Y Ili) for protection far
<br />certain interests even tho,)gh notice of Hen
<br />imposed by section 6321 is filed with respect
<br />to:
<br />1 Securities
<br />2 Vow ye lc.es
<br />3 %w.,n4l9:v; y put chased at retail
<br />1 Ferscrial property purchased in casual sa:e
<br />5 Personal property subjected to possessory i.en
<br />6 Real property iex and special assessment hens
<br />7 Res dent,&! property subject to a mecnan,e e
<br />Bert fOr certain repairs and improvements
<br />6 Attorney! hens
<br />9 Certain insurance Contracts
<br />10 Passbook loans
<br />rg) Reuling Of Marisa. — Far :a pcses of t'i.s
<br />sexton • , ,
<br />Ill Genea1R961k, unless nohcem•liet.(Srg3(edin
<br />.u• rynce, prescribed "In paragraph 121 C9vi% Ire, repaired
<br />roTluny^ petaCe ',szoonritceof lien snail bet*e n'of :(edonthe
<br />dauol~tM�L� r; is f:'eC (,iwauordance wrtlt sduecUan (f)j aster
<br />tree expirat :an of scc^ ra' grit:. period
<br />(2) PIM F12f' FIA(>yg. -- A notice of hen rallied
<br />during the regwrec rat, ,:;i Wood shall be effective only -
<br />IAi it -
<br />(1) auto not;@ ctben is nfdaa ir. asserts m wrocn the
<br />prior not'ce of hen wts.filad. and
<br />Ill) in the Cass.d'rfAl ¢rooerty. the fact of ref-Ina Is
<br />entered and reccrded ir,•sr Index to the extent required by
<br />subSectlon (f) (4). 'We
<br />(8) in any cue m which. 90 days or more prior to the date
<br />of a refiling of notice of Lien under subparagraph (A). the
<br />sevelny ii.0ed.writiah information (m the manner
<br />C esc felt , in regul#uon3 Issued by the Secretary)
<br />;c cIttil .{a a change in the taxpaytr's residence. It a notice
<br />Of With lien is ales filed in accordance with subsection (f) In
<br />The Statetin which such residence is located.
<br />(3) Requlyd Re1llrq Perked. — in the Cate
<br />of any notice of hen, the term *required rafdmg period- means -
<br />(A) the one -year period ending 30 days after the expiration
<br />of a years after the date of the assessment of the tax, and
<br />(8) the one -year period ending with the expiration of0yar$
<br />Offs! the close of the preceding required refiling period for
<br />such notice of Ilan
<br />Sec. 6325. Release Of Lien Or
<br />nicrharnA Of Pronarty-
<br />(a) Relane Of Lien. — subject to such
<br />regulations as me secretary may proscribe, tip $sorcery shall
<br />Issue a Certificate of retail@ of any lion imposed with M%M to
<br />any internal revenue tax not later than 3D days after r ..v day on
<br />w!:�ch • .
<br />11) Liability Satisfied or Unenforceable - The Secretary
<br />!ends that me liability for tee amount assessed. together with 80
<br />+.- ,latest Its respect thereof, has ban fully satsfied, or h4s!
<br />become iega:;jr unenforceable, or
<br />(2) 8,z%oArs4pttd - There Is furnished to the Secretary and
<br />a =0e0 bynim s bond that is conditioned upon the payment of
<br />is amount - assessed, together with all interest In respect
<br />r'aeof, within the time prascf :bed by jaw (including any
<br />astens:On of such time), and that is In accordance with such
<br />r6qulrtltNMSrefafing to terms, conditions, andforn of the bond
<br />and surotletst e7son, as may be sWifisd by SW, regu'ations.
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />(k) DWJMf* of C1r11n R11urn8 sod
<br />Return information For Tax Administration
<br />Purposes. —
<br />(2) Disclosure of amount of outstanding lien. • If a notice of
<br />hen has been filed pursuant to sea•an 6323(1), the amount of ftte
<br />Outstanding obligation secured by such lien may be disclosed to
<br />any person who furnishes satisfactory written tv:dence that he
<br />miss a ri2ht tit the prOptrty subject to such lien Of intends to
<br />cbta:n a right in such property.
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<br />(21 S.tus DI Prepe^,u Subject To Lien . For purposes of
<br />Paragraphs Ill and,1 :.0ro -,erty shall be deemed to bs ed,;ata5-
<br />(At Real Propel - r,.1 it* case of real property. at 13
<br />0.`ystal IOCatOn, or:
<br />;0) At:40nal PtoreiW , h the cash ed V rsonal property,
<br />n( -41 langltns q7 snta<tgibie . at the resldance of the
<br />taxpayer at the tintt tart Ntics of lien Is filed.
<br />For purposes of paregnp t(�!.iA). the residence of a corporation
<br />Or partnership shall be gea'med to be the place at which Lie
<br />Principal 6xecutive off:cs of the business is located, and the
<br />residence of a taxpayer whose residence is without the united
<br />states shall be deemed to be in the District of Columbia
<br />(3) Farm - TM form and content of the notice
<br />r6ferfed TO .n 1,vbstenon (a) shall tie orescribed by the
<br />Secretary Such notice %hail to valid notwithsandinq a -y
<br />other prov.s,on of law rogard,ng the form or content at a
<br />MhM AT I W
<br />NOW See ser..tlon !i7_Y Ili) for protection far
<br />certain interests even tho,)gh notice of Hen
<br />imposed by section 6321 is filed with respect
<br />to:
<br />1 Securities
<br />2 Vow ye lc.es
<br />3 %w.,n4l9:v; y put chased at retail
<br />1 Ferscrial property purchased in casual sa:e
<br />5 Personal property subjected to possessory i.en
<br />6 Real property iex and special assessment hens
<br />7 Res dent,&! property subject to a mecnan,e e
<br />Bert fOr certain repairs and improvements
<br />6 Attorney! hens
<br />9 Certain insurance Contracts
<br />10 Passbook loans
<br />rg) Reuling Of Marisa. — Far :a pcses of t'i.s
<br />sexton • , ,
<br />Ill Genea1R961k, unless nohcem•liet.(Srg3(edin
<br />.u• rynce, prescribed "In paragraph 121 C9vi% Ire, repaired
<br />roTluny^ petaCe ',szoonritceof lien snail bet*e n'of :(edonthe
<br />dauol~tM�L� r; is f:'eC (,iwauordance wrtlt sduecUan (f)j aster
<br />tree expirat :an of scc^ ra' grit:. period
<br />(2) PIM F12f' FIA(>yg. -- A notice of hen rallied
<br />during the regwrec rat, ,:;i Wood shall be effective only -
<br />IAi it -
<br />(1) auto not;@ ctben is nfdaa ir. asserts m wrocn the
<br />prior not'ce of hen wts.filad. and
<br />Ill) in the Cass.d'rfAl ¢rooerty. the fact of ref-Ina Is
<br />entered and reccrded ir,•sr Index to the extent required by
<br />subSectlon (f) (4). 'We
<br />(8) in any cue m which. 90 days or more prior to the date
<br />of a refiling of notice of Lien under subparagraph (A). the
<br />sevelny ii.0ed.writiah information (m the manner
<br />C esc felt , in regul#uon3 Issued by the Secretary)
<br />;c cIttil .{a a change in the taxpaytr's residence. It a notice
<br />Of With lien is ales filed in accordance with subsection (f) In
<br />The Statetin which such residence is located.
<br />(3) Requlyd Re1llrq Perked. — in the Cate
<br />of any notice of hen, the term *required rafdmg period- means -
<br />(A) the one -year period ending 30 days after the expiration
<br />of a years after the date of the assessment of the tax, and
<br />(8) the one -year period ending with the expiration of0yar$
<br />Offs! the close of the preceding required refiling period for
<br />such notice of Ilan
<br />Sec. 6325. Release Of Lien Or
<br />nicrharnA Of Pronarty-
<br />(a) Relane Of Lien. — subject to such
<br />regulations as me secretary may proscribe, tip $sorcery shall
<br />Issue a Certificate of retail@ of any lion imposed with M%M to
<br />any internal revenue tax not later than 3D days after r ..v day on
<br />w!:�ch • .
<br />11) Liability Satisfied or Unenforceable - The Secretary
<br />!ends that me liability for tee amount assessed. together with 80
<br />+.- ,latest Its respect thereof, has ban fully satsfied, or h4s!
<br />become iega:;jr unenforceable, or
<br />(2) 8,z%oArs4pttd - There Is furnished to the Secretary and
<br />a =0e0 bynim s bond that is conditioned upon the payment of
<br />is amount - assessed, together with all interest In respect
<br />r'aeof, within the time prascf :bed by jaw (including any
<br />astens:On of such time), and that is In accordance with such
<br />r6qulrtltNMSrefafing to terms, conditions, andforn of the bond
<br />and surotletst e7son, as may be sWifisd by SW, regu'ations.
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />(k) DWJMf* of C1r11n R11urn8 sod
<br />Return information For Tax Administration
<br />Purposes. —
<br />(2) Disclosure of amount of outstanding lien. • If a notice of
<br />hen has been filed pursuant to sea•an 6323(1), the amount of ftte
<br />Outstanding obligation secured by such lien may be disclosed to
<br />any person who furnishes satisfactory written tv:dence that he
<br />miss a ri2ht tit the prOptrty subject to such lien Of intends to
<br />cbta:n a right in such property.
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