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<br />Excerpt. From Internal Revenue Code
<br />Sec. 6321. Lien For Taxes,
<br />
<br />II any persen lIabl. te pey any tax neglectl or refulss to
<br />pay th. IIml after dlmlM, tilt amounl (Ineludlng Iny Inter,
<br />nt addltionlllmounl, addition \0 tax. or assusable penllly,
<br />logllhlr with eny COSlIlIlaI may accru. In Iddltion th.reto)
<br />Ihall be a IIln In favor of tilt Unltld StatlS upon III property
<br />and rlghta to proptr!y, IVhatlltr real or personal, belonging
<br />to luch pereon.
<br />
<br />See, 6322, Period Of Lien.
<br />
<br />Unless another dat. is specifically fIXed by law, the hsn
<br />Imposld by section 6321 shill arlllIt thl lime the ISseSlmu
<br />II midi and shill con1Jnue untl/ tilt IIlbllity for thelmount so
<br />umsed (or a judgmlnt Igalnst th. taxplyer arising out 01
<br />IUch liability) Is IItlsflld or becom.s unenforceable by reiSon
<br />of lapse of lime,
<br />
<br />Sec. 6323, Validity and Priority Against
<br />Certain Persons.
<br />(a) Purchue"" Hold&rl Of Security In.
<br />t","lI, IItchanlc'. LIenOll, And Judgment
<br />Lien Creditors. - Theli.n impend by section 6321 shall
<br />not be val/d IS agllnt! any purchaser. holder 01 a security
<br />Intlnl.t, mechanic's lI.nor. or judgment lien creditor until notice
<br />thereof which meets the requirements of subsection In has
<br />been filed by ths Secretary
<br />
<br />In Place For Filing Notice; Form,-
<br />
<br />(1) Place For Filing - The notice relerred to In sub-
<br />section (I) shall be filed '
<br />(AI Under State Laws
<br />(I) Real Property, In Ihe case 01 real property. in one
<br />office within the State (or Ihe county. or other govlrnmenlal
<br />subdivision), as designated by the laws of such State. In
<br />which the property subjecl to the hen IS situated: and
<br />(i1) Personal Property , In the case of personal
<br />property. whether tangible or Intangible. m one office
<br />within the Stale (or the county, or other governmental
<br />suMivision), as deSignated by the laws 01 such Slate
<br />in which the property subject to tl'l€ :'f!'1 lS sltuat~('
<br />or
<br />(B) With Clerk Of Oistrlel Court' In t~e off'ce of the cier; of
<br />the United States district Court tOT the JutllClal district In whICh
<br />the property subject to lien IS situated, wt\~nE,€r tnr Sla~t ~as
<br />not by law designated one office whICh mEets Itle reOlW ~;T,ei'.S o'
<br />subparagraph (AI, or
<br />lC) With Recorder Of OeMs Of -~e Dlst"cl O' CD'","",' In
<br />the offiCe -of the Recorder 01 DefIes 01 the OISlflct of GOluffitllii .1
<br />the property subject to the hen 15 Sjtuatec ,. '""'.f ;, C:',. ~.
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<br />(2) Situs Qj Property SubJecl To lien - For purposes 01
<br />paragraphs (1) and (.), property shall be deemed to be situated,
<br />(A) Rial Property - In tilt case of real property, al III
<br />p.~yalcallocation: or
<br />(B) Personal Property, In the case of personll property,
<br />whether tlngible or intangible, at tha residence of the
<br />taxpayer It tilt tlms the notice of lien Is flied.
<br />For purposes of plragraph (2) lB), tha residence of I corporation
<br />or plrtnership shill be deemed to be tilt place It which the
<br />principal executive office 01 tilt business i. located, and thl
<br />residence of a taxplyer whOle residence Is without the Unilld
<br />Statu .hall be deer.led 10 be in tt.e Dlstritl of ColumblL
<br />(3) form ' The form and content of the notice
<br />raferred to In subsection (I) shsll be prescribed by !hi
<br />Secretary, Such notice sh\ll be valid notwithstanding any
<br />other prevision 01 law regarding the form 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 sBction 6321 is filed with respBct
<br />to:
<br />
<br />t SecUrities
<br />2, Motor vehicles
<br />3, Personal property p"rchased at retail
<br />4, Personal property purchased in casual sale
<br />5, Personal property subjected to pOSlessory lien
<br />6, Real property tax 1M special assessmenlllens
<br />7 Residential property subject to a mechaniC'S
<br />lien lor certlln repairs and improvements
<br />8 Attorney's liens
<br />9 Ctrtain insurance contracts
<br />10 Passbook loans
<br />
<br />(~) Reflllng Of Notice. - For purposes of this
<br />section -
<br />
<br />(1) General Rule. - Unless notice of lien IS refiled In
<br />Ihe manner prescribed in paragraph (2) during the reQuired
<br />refiling period. .uch notice 01 lien Shall be treated as filed on the
<br />date on'which ItlS filed IIn accordance "Ith ,uhsectlOn (f)) atter
<br />the expiration Crf such rehhng periGd
<br />
<br />i21 Place For Fiilng. - t "Dl,ee Of Leo ,elled
<br />CJril"lQ the fPc,)!r€C red I;'; ~enoC= shal be fHective anir _
<br />\A, It.
<br />fil 5uch notice 01 lien IS refiled In the OfflCf in which the
<br />pnor notlc.e ot i,en was flIed. arH~
<br />.;'; If': the case 01 rea! propfr.y l'1E faCT [.1 'tflling !s
<br />er.(e~ed anc recorded In ar, l!"Jdel 10 the €Xten~ "fGi..i;rfd by
<br />s;J~SectIOl"l if~ i41 anC
<br />rBl in any caSE: IT 'Id\ICh ~) ~a}'5 O' mOot D~ ,( to thl' aale
<br />of a retlirng 01 niJtlce 01 hen unGer ~~t:~araQ' JPh tAl. me
<br />
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<br />
<br />Secretary received written Information (In the manner
<br />prescribed In regulations Issued by the Secretary)
<br />concerning I chlnge In tha taxpeye~. resldance, " I nutiet
<br />01 such IIsn i.also flied In accordlnce with subsection 10 In
<br />the Slate In which such residence Is located.
<br />
<br />(3) Required HeflUng Period. - In tha CUI
<br />of any notice 01 lien, the term "required reflllng period" melns '
<br />(A) the one-year period ending 30 da)'S Iltar the expiration
<br />Of 6 years alter the dete of the assessment of the tax, and
<br />(B) L~e one-year period ending with the expiration of6 years
<br />Illsr tilt close of the preceding required refillng period fa,
<br />such notice of flsn,
<br />
<br />See, 6325. Release Of Lien Or
<br />
<br />Discharge Of Property,
<br />
<br />(I) Releau Of Uen. - Subject to such
<br />regulations IS the Secretlry mly prascrlbe, the Secretary shali
<br />Inue a certlficata 01 releasa ollny lien Imposed with respect to
<br />any Intsrnal revenue tax not later than 30 dayaalter the day on
<br />whlch-
<br />(1) liability Satisfied or Unenlorceabla ' TM Secretary
<br />finds that the Iiahility for the amount Issessed. together with all
<br />Interest In respect thereof. has been fully satisfied or has
<br />become legally unenforceable: or
<br />(2) Bond Accepted - There is furnished to Iha Secretary and
<br />accepted by him I bond that IS conditioned upen the payment of
<br />lhe amount assessed. together 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, conditions, and form of the bond
<br />and sureties !hereo,. 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) Dlaclo.ure of Certain Returns end
<br />Return Informatlon For Tax Administration
<br />Purposes. -
<br />
<br />121 DtSclosure of amount 01 O:JISlandlng Iren .11 a notice 01
<br />lten has been Hed pJrSJar,!:o S2CtjO~' 6323:!, thr amOJnl ollhe
<br />outstaOCtng obligation seciJ~f:C tl)' L':'~ 1I('~ ""a) ~(.:;.sr.!oseC to
<br />any person whO furnishes satisfactory written evidence that he
<br />has a fight In the propeny s:JbJect to such h['n Oi Intends to
<br />obtain a right In such proper!',
<br />
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