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<br />Elcerptl From Intemll R,,,nue Code
<br />
<br />'See, 6321. Lien For Taxes.
<br />If any plrlon liable to pay any tax neglects or rei uses 10
<br />,ay the same alter demand. the amount (including any inter.
<br />ill, additional amount, addition to tax, or assessable penalty,
<br />~r wfth any costs 1I'1at may accrue In addition thereto)
<br />thall ba I lien In favDr Df ilia Unlltd Slatu ulIOn all oroperty
<br />Il1d rlgnlllQ prgperty, wl1tttltr rell gr personal, ~Ionging
<br />to luch pellOn,
<br />
<br />See. &922. Period Of Lien.
<br />
<br />Unltu Il\other dlte Is specifically fixed by law, the lien
<br />ImpoHll by lectlon fi321 shallariH at the time the assessment
<br />Is made and .hall continue until the Iiabl!lty for the amount so
<br />IlIeased (or a Judgment against the taxpayer arising out 01
<br />lucflllabllity) Is satisfied or becomes unenlorceable by reason
<br />." lapse of time.
<br />
<br />Sec. 6323, Validity and Priority Against
<br />Certain Persons,
<br />(a) Purchller'l, Holders Of SecurIty In-
<br />......., 1Itchanlc'I IJenon, And Judgment
<br />LItn Crtdlton. - The lien imposed by section fi321 shall
<br />IlOt be valid u against any purchaser, holder of G security
<br />InlIrest mechanic's lienor, or jUdgment lien creditor until notice
<br />thereol which meets tne requirements 01 subsection (n has
<br />been liled by the Secretary.
<br />
<br />(n PIIce For Filing Notice; Form,-
<br />
<br />(1) Place For Rling - The notice referred to in sub-
<br />section (a) shall be tiled.
<br />(A) Under State laws
<br />(i) Real Property - In the Cise of real property. in one
<br />office within the State (or the county. or other governmental
<br />subdivision), as designated by the laws of such State. in
<br />which the property subject to the lien is situated: and
<br />(ii) Personal Property . In the case 01 personal
<br />property, whether tangible 01 intangible, in one ol1ice
<br />within the State (or the county, or other Qovernmental
<br />lubdivislon), as designated by the laws 01 such State,
<br />In which the property subject to the lien is situlled:
<br />or
<br />(8) With Clerk 01 District Court. In the ol1ice 01 the clerk 01
<br />thl Unltld States district court lor the judicial district," which
<br />the property subject to lien is situoted. whenever the State has
<br />not by Ilw designated one office which meets the requirements 01
<br />au.....raph (A), or
<br />(el With Recorder 01 DeedS 01 The District 01 Columbia. In
<br />thleffice olthe Recorder ot Deeds of the District 01 Columbia. if
<br />till ,rlperty subject to the lien IS situaled in the Olstrrct 01
<br />Coluabla.
<br />
<br />lot.oct II Document No,
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<br />(2) Situs 01 Property subject To Uen - For purposes ot
<br />paragraphs <l) and (4), property shall be deemed to be sltuatld-
<br />(A) Rea' Proplrty - In tne ClSt 01 real proparty, It 111
<br />physlcalloeatlon; or
<br />(B) Personal Property - In the else 01 personll property,
<br />whather tlngible or Intangible. at the residence of the
<br />taxpayer at the time the notice 01 lien is filed,
<br />For purposes of paragraph (2) (B), tne re$idence of a corporation
<br />or oartnershlo shall be dHmad 10 be the olace al whleh ilia
<br />princiPII mcutlve Olllct 01 the Minna 111000lIll, Illll tllt
<br />residence 01 a taxpayer whose residence Is without the Unlltd
<br />States shall be deemed to be li1 the District ~f Columbia.
<br />(~l ~orm . The fonn and cenlenl of ilia noN..
<br />referred to in subseclion (I) Shall be prncrlbeG by the
<br />Secretary. SuCh notice shall be valid notwithstanding any
<br />otner provision of law reoarding the torm or content 01 a
<br />notice of lien.
<br />
<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 />
<br />1. Securities
<br />2. Motor vehicl.s
<br />3. Personal property purchased at retail
<br />4. Personal property purchuad in cuual sale
<br />5. Personal property subjected to possessory lien
<br />6. Real property tax and special assessment liens
<br />7. Rasidential property subject to a mechanic's
<br />lien for certain repairs and improvements
<br />8. Attorney's liens
<br />9. Certain insurance contracts
<br />10. Passbook loans
<br />
<br />(gl Reflllnll Of Notice, - For purposes 01 this
<br />sl!lction-
<br />
<br />(1) General Rule, - Unless notice of lien is refiled in
<br />the manner prescribed in paragraph (2) during the required
<br />refiling period, such nolice 01 lien shslI be treated as filed on the
<br />date on'whith It is filed {in accordance with subsection (f)) after
<br />the IKpiration of such refiling period.
<br />
<br />(2) PIIc:e For Filing. - A notice 01 lien refiled
<br />during the required refiling period shall be effective only-
<br />(A) if.
<br />(i) such notice 01 lien is refiled in the ol1ice in which the
<br />prior notice 01 lien was filed. and
<br />(ii) in the case 01 real property. the fact 01 retillng is
<br />entered and recorded in an index to the extent required by
<br />subsection (0 (4), and
<br />(8) in any case in which. 90 days or more prior to the date
<br />01 a refiling 01 notice otllen under subparagraph (A), the
<br />
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<br />Secretary recelved written InformatiGlt Qn the mannar
<br />orescribed In regulatloll! Issued by the Secretary)
<br />COnctrning I enang. In the IIXplI)'Il" IIIldence, If. notlCl
<br />olluch lI,n II al..11l1d In accordance with IUbaoctIon (f) In
<br />\hi SlIte in whlch.ucfl mklenct 1I10C111d,
<br />
<br />(3) Required Rifling PtrIod. - In the CUI
<br />01 any nollct 01 iien, the term "Rqul.-d reflllng perlod- mHns .
<br />(A) the one-year period ending 30 days after the axplratlDn
<br />of 6 yemllter the dill ollht UIIIIIIltIII Ollht lU, Ind
<br />(8) the one-year period ending with the axplratlon 018 YH,.
<br />alter the GIG" .f the P~"8 lIllvl.-d 111111"8 ptrlQ\l fOf
<br />such notice of lien.
<br />
<br />See, 6325, Release Of Lien Or
<br />Discharge Of Property.
<br />
<br />(a) R..... Of LItn. - Subject to lucfl
<br />reoulations as the Secretary may prescribe. the Secretary lhall
<br />las.. a certificate of release of any lien imposed with respect to
<br />any Internal revenue tax not later than 30 days alter \hi day on
<br />whlch-
<br />(1) Liability Satisfied or Unenlortllable - The Secretary
<br />finds that the liability lor the amount assessed, to\lether with all
<br />Interest In respect thereol, has been lully satlslled or has
<br />become legally unenforceable; or
<br />(2) Bond Accepted - There is furnished to the Secretary and
<br />accepted by him a bond that is condilloned upon the payman! 01
<br />the amount assessed, to\lether with all interest in respect
<br />thereof, 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, condttions, and form 01 the tiond
<br />and sureties thereon, as may be specified by luch regulations.
<br />
<br />See, 6103, Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />(I<) DlacIoIure of Certain Returns and
<br />Return Infonnltlon For Tu Administration
<br />Purposes. -
<br />
<br />(2) Oisciosure of amount of outstanding lien. -II a notice 01
<br />lien has been filed pursuant to section 6323(1), the amount of the
<br />outstanding obligation secured by such lien may be disclosed to
<br />any person who furnishes satislac10ry written evidence thlt he
<br />has a right In the property subject to such lien or intends to
<br />obtain a right in such property.
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