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<br />Excerpts From Internal Revenue Code
<br />'See, 6321. Lien For Taxes.
<br />
<br />" any person liable to pay any tax neglec.ts or refuses to
<br />4ay the same alter demand, the amount (intluding any inter.
<br />8I~ IddiUonllamount, addition to tax, or assessable penalty,
<br />logathar with Iny COSII that may accrue In addition thereto)
<br />shill bf I lien In Ilvor 01 the United States upcn all property
<br />and rights to prOperty, whither rill or personal, belonging
<br />10 luch perton.
<br />
<br />See, 6322. Period Of Lien.
<br />
<br />Unlm Inother dltl II specifically fixed by law, the lien
<br />Impolld by section 8321 shill arise at the time the assessment
<br />II mlde Ind Ihall continue until the liability for the amount so
<br />usessed (or a Judgment against !ha taxpayer arising out 01
<br />SUCh IIlb!llty) II satlslled or becomes unenforceable by relSon
<br />','llpse of tlma.
<br />
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons,
<br />(I) Purchuer's, Holclera Of Security In.
<br />terests. Mechanic's LIenora, And JudglMilt
<br />Lien Crtclltora. - The lien imposed by section 6321 shall
<br />IIOt be valid as against any purchaser, Mlder of a security
<br />Intores~ mechanic's lienor. or judgment lien creditor unlil notice
<br />thereol which meels tha raquirements of subsection (I) has
<br />been tiled by the Secretary,
<br />
<br />I
<br />
<br />(I) PI8ce For Filing Notice; Form,-
<br />
<br />(1) Place For Filing . The notice reterred to '" sub-
<br />section (a) shall be filed .
<br />(A) Under State laws
<br />(i) Real Property. In the case of real property, in one
<br />office within Ihe State (or the county, Qr other governmental
<br />sut>divislon), IS designated by the laws of such State, in
<br />which the property subjecf to the lien is situated; and
<br />Oil Personal Property . In the case of personal
<br />property, whether tangible or intangible, in one office
<br />within the State (or the county, or other governmentai
<br />eubellvlsion), as designated by the laws of such State,
<br />In which the property subject to the lien IS situated.
<br />or
<br />(8) With Clerk Of Oistrict Court. In the offICe of the clerk of
<br />the United Stlt" district court for the judicIII district," which
<br />thl property subject to lien is situated, whenever the State has
<br />not by law designated one offiCI: which meets the reQunements of
<br />subparl~rlph (A), or
<br />(C) With Recorder Of Oeeds Of T:lO Oistrict Of Columb'a . In
<br />the Iffice of the Recorder of Oeeds of the O,slnct of COlumb,a ,t
<br />t... IIr.perty subject to the lien IS situated In Ihe District ot
<br />Colu.bil.
<br />
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<br />Entered III Docum.!'nt No.
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<br />2.
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<br />(2) Sllus Of Property Subject To lien. For purposes of
<br />paragraphs (f) and (4), property shall be deemed to be situated.
<br />(A) Rnl Property . In the case of real property, at III
<br />physical location; or
<br />(B) Person II Property. In the case of personal property,
<br />whelher tangible or Intangible. at the residente of the
<br />taxpayer at the time the noUce of lien Is tiled.
<br />For purposes a! paragraph (2) (B). the residence of a corporation
<br />cr plrtnershlp Ihall be deemed to be the place at which the
<br />principII executive office 01 the business Is located. and the
<br />residence of I taxpayer whose residence Is without the United
<br />Statel shall be deemed 10 be In the Oistrlcl of ColumblL
<br />(3) Form . The form and content 01 the notice
<br />rllerred to In subsection (I) shill be ~reSClibed by the
<br />Secrellry. Such notice shin be yalid notwithstanding any
<br />other provision of law regarding the form or contenl of I
<br />notice of lien.
<br />
<br />Not.: See section 6323(b) for protection for
<br />certain intelests even though notice of lien
<br />imposed by section 6321 is filed with respect
<br />to:
<br />
<br />1. Securities
<br />2. Motor vehicles
<br />3. Personal property purchased at retlil
<br />4. Personal property purchased In Clsual sale
<br />5. Persona! property subjected to possessory lien
<br />6. Real property tax and special assessment hens
<br />7. Residential property subject to a mechanlc's
<br />lien for certain repairs and Improvements
<br />8. Attorney's liens
<br />9. Certain insurance contracts
<br />10. Passbook loans
<br />
<br />(g) Reflllng Of Notice, - For pUlooses of this
<br />section -
<br />
<br />(1) General Rule. - Unless notICe of lien Is refiled In
<br />the manner prescribed in paragraph (21 during the required
<br />refiling period; such notice of lien shall be treated IS "'ed on Ihl
<br />date on'which it is filed ~n accordance with subsection (I)) alter
<br />the expiration of such reflling period
<br />
<br />(2) Place For Filing. - A notice 01 lien refiled
<br />dUring the required refiling period shall be effective only"
<br />IA) .t.
<br />(i) such notice of lien is refiled in the office," which the
<br />prior notice of lien was filed. and
<br />(ii) in the case of real property, Ihe fact of refiling is
<br />entered and rKorded in an index to the extent required by
<br />subsection tfJ (4), and
<br />(B) in anv case ,n whICh. 90 davs OI'_e pllor 10 \he date
<br />of a refiling of notice of lien under subparagraph (A). the
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<br />Secretal)' received wrlllen Information (in the manner
<br />prescribed in regulations Issued by lhe Secretary)
<br />concerning I change In the taxpaYllr's residence. If I notlct
<br />01 such lien Is Ilso filed ~, accord ante with lubsectlon (I) In
<br />the State in which such residtnce Is located.
<br />
<br />(3) Requlrtcl RtflUng Porlod. - In the Clse
<br />of Iny notice of lien. the tarm "raqulred "filing period" means-
<br />(A) the one-yaar period ending ~ dayslltar tile explrltlon
<br />01 8 years alter the dlte of the awssment of the tlX, Ind
<br />(B) the cne-yaar period ending with tha expiration of 8 Yllrt
<br />liter the close of the preceding required reflllng period for
<br />such notice of lien.
<br />
<br />See, 6325, Release Of Lien Or
<br />Discharg6 Of Property.
<br />
<br />(a) ReIeue Of LItn. - Subjett 10 such
<br />regulations IS the Secretary may prescribe. the Secretary shill
<br />issue a certificate of release of any lien Imposed with respecllo
<br />any inlernal revenue tax nollater than ~ dlYs alter the day on
<br />which ~
<br />(1) lilbllity Satisfied or Unenlorceable - The Secrelary
<br />finds thlt the liability for the amount assessed, together with al/
<br />interest In respect thereol. has been lully satisfied or has
<br />become leg Illy unenforceable; or
<br />(2) Bond Accepted. There Is furnlsh~ to the Secretiry and
<br />Iccepted by him a bond that Is cO'lditloned upon the payment of
<br />the amount assessed, together with all Interest In respect
<br />thereof, within the time prescribed by law (intluding any
<br />utension of such time), and that Is in accordance with such
<br />requirements relating to terms, conditions, and form of the IIond
<br />Ind sureties thereon, as may be specified by such regulations.
<br />
<br />Sec. 6103. Confidentiality and Dis.
<br />closure of Returns and Return In-
<br />formation.
<br />(k) Dladosure of Certain Return. and
<br />Return Information For To Administration
<br />Purposes. -
<br />
<br />(2) Olsclosure of amounf of outstanding lien. .If a notice of
<br />lien has been filed pursuant to section 6323(f), the amount of the
<br />outstanding obligalion secured bv such lien may be disclosed to
<br />any person who furnishes satisfattory written evidence thlt he
<br />has a right In the property SUbject to such lien or intends 10
<br />obtain a right in such property.
<br />
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