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<br />Excerplc From Inlemll Revenue Code
<br />Sec. 6321. Lien For Taxes.
<br />
<br />If any pereon lIeble 10 pay eny lax neglecls or refuses to
<br />pay Ihe lima ener demand. the amount (Including any Inter.
<br />eel additional amount. addition to tax. or usnuble penalty.
<br />together with eny ~Ite that mey accrue In eddltlon thereto)
<br />ehall be alien In favor of tht Unned Stetes up~n all property
<br />and rights to property. I'ihltMr real or personal. belonging
<br />to luch perlon.
<br />
<br />Sec. 6322. Period Of lien.
<br />
<br />, Unless another date Is,speclfically fixed by law, the lien
<br />Imposed by section 6321 shall arlle althe time the assessment
<br />Ie made and shall continue until the liability lor the amount so
<br />usessed (or a judgment against the taxpayer arising out ot
<br />such liability) II satisfied or becomes unenlorceable by reason
<br />of 'epse of time,
<br />
<br />See, 6323. Validity and Priority Against
<br />Certain Persons.
<br />(e) Purcha..r'" Holdera 01 Security In.
<br />1.....1., Mechanic'. Llenol'l, And Judgmenl
<br />LI.n Credltora. - Theilen Imposed by section 6321lhall
<br />nOI be velld ee egainsl eny purchaser. holder of a security
<br />Inltreel. mechQnlc's lienor. or ludgmenlllen creditor until notice
<br />thereol which meetl the requirements 01 subsection (I) has
<br />bHn lIIed by the Secrelary,
<br />
<br />(I) Place For Filing Nollce; Form,-
<br />
<br />II) Piece For Filing. The no!lce referred to In suo'
<br />ltetlon (e) shall be filed.
<br />(A) Under State laws
<br />(I) Real Property. In the case of real property, In one
<br />Ofllet within the Stale (or the county. or other governmental
<br />lubdlvlslon), IS designated by the laws 01 such State, In
<br />which the property subject to the lien IS situated: and
<br />(II) Personal Properly , In the case 01 personal
<br />properly. whether tangible or IOtangible. 10 one office
<br />within the State (or the counly, or other governmental
<br />subdiVISion), as deSignated by Ihe laws of such Stat.
<br />In which the property subjecl to the lien IS situated:
<br />or
<br />(8) With Clerk or District Court. In the 01l'ee or the clerk 0'
<br />the UOIted Stites district court tor the ludiClal dlstnct In which
<br />the properly subject to lien IS silualed wh,never the State has
<br />;.flot by law designated one office wh,Ch meets tne reQUlr~ments 01
<br />subparagraph (A), or
<br />(C) With Recorder 01 Deeds OJ The OlStllCt Of COlu"'~'a ' 10
<br />the oHlce olthe Recorder 01 Oeedsollhe Distllet of Colum~'a ,r
<br />the property subject to the lien IS situated 11'\ p..,~ ;:-:~.:.:. -~,
<br />Col~mbia.
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<br />(2) Situs 01 Property Subject To lien. For purposes 01
<br />paragraphs (1) and (4), property shaH be deemed to be sltueted.
<br />(A) Real Proparty . !n tha case 01 real p'operty, al It I
<br />physical location: or
<br />(8) Pereonal Property. In the c&le of personal property.
<br />whelher tangible or intangible. at the residence 01 lht
<br />taxpayer at tht time tht notlet of lien II flied,
<br />For purposes 01 paragraph (2) (8). tha resldtnet of a corpora!!on
<br />or partnership shall be deemed to be Ihe pleot at which thl
<br />prlnclpel executive office 01 the bullnen Is located. and thl
<br />residence of a tlXpayer whose residence Is wlthOul the Unlled
<br />Slates shall be deemed to be In the Dislrlct 01 Golumbla,
<br />(3) Form . TIla form and content of the nOllce
<br />referred to in subsection taj shall be prescribed by the
<br />S&crelary. Such no'lIee shall be valid notwithstanding any
<br />other provision of law reoarding the lorm or content of a
<br />notice of lien,
<br />
<br />Nole: See section 6323(b) for protection for
<br />certain interests even though notice of lien
<br />imposed by section &321 is filed with resp8cl
<br />to:
<br />
<br />t Securities
<br />2, Motor vehicles
<br />3, Personal property purchased al retail
<br />4, Personal property purchased In casual sale
<br />5, Perlllnal property subjected to possessory hen
<br />6, Real property tax and special assessmenlliens
<br />7, Residential property subject 10 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 />(g) Rellllng Of Nolice, - For purposes ot this
<br />section.
<br />
<br />(1) General Rule. - Unless nolice Dillen IS refiled In
<br />the manner preScribed 10 paragraph (2) durlOg the required
<br />refiling period, such nollce of lien shall be treated as filed en the
<br />date on'which it IS filed (in accordance With subsecMn 101 aller
<br />the expiration of such rehllng penod
<br />
<br />121 Place For Filing. - A o,otle. 0' 'en 'ef,led
<br />Qur,ng the requlled re"ling pellod shall be ellectlve only.
<br />(A) If,
<br />(j) such notice ot hen IS reflled In the offIce In whiCh the
<br />poor notIce of lien was filed. and
<br />(Ii) In the ca.se of real property. the tac1 of rellhng IS
<br />entered and recorded In an Index to the extenl 'fQUlrei1 by
<br />SJbSectlOn Ifl {4l. aM
<br />(Bl ;0 any case In which. 90 l1a,'s or more pr,( 10 the date
<br />01 a rellllng ot nollce 01 lien ...nee; suupara;; ..I;)h (AI. the
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<br />pr.'i: (IF Qt'FrS
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<br />Secretary received written Information (In Ihe manner
<br />preacrlbed In regulallons Issued by the Secretary)
<br />concerning a chenge In the laxpaYllr's residence, II a notice
<br />of such lien Is also lIIed In accordlnce with subsecllon (I) In
<br />l~1 Stale In which such residence Is located.
<br />
<br />(3) Required Rsflllnll Period. - In the em
<br />01 any nollce 01 lien, Ihl term "required rellllng period" means.
<br />(A) the one-year period ending 30 days after the expiration
<br />of 8 years aner the ~ale oflhe assessment ollhe lax. and
<br />(8) the one-yoer period ending with Ihe expiration of8 years
<br />aller the close of the preceding required reflllng period lor
<br />such notice of lien,
<br />
<br />Sec. 6325, 'Release ot Lien Or
<br />
<br />Discharge Of 'Property,
<br />
<br />(a) Release 01 Lien. - Subject 10 such
<br />regulations as Ihe Secretary may prescribe. the Secretary shall
<br />Issue a certificale 01 release of any lien Impose~ with respect to
<br />any Internal revenue tax nollater than 30 days ansr the day on
<br />which-
<br />(1) liability Satisfied or Unenforceable . The Secretary
<br />finds that the liability lor the amount assessed. lo~elher wilh all
<br />interesl In respect thereol, has been fully salls fled or has
<br />become legally unenforceable: or
<br />(2) 80nd Accepled . There is furnished to the Secretary and
<br />accepted by him a bond Ihatls conditioned upon the payment Of
<br />the amount assessed, log ether with all Interest in respecI
<br />thereol, within the time prescribed by law (Including any
<br />exlenslon of such time), and that Is In accordance with such
<br />requirements relating to lerms. conditions. and form of Ihe bond
<br />and 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) Disclosure of Certain Returns and
<br />Relurn Inlormallon For Tax Admlnlstrallon
<br />Purposes. -
<br />
<br />121 Disclosure of amounl 0' outstanc1mg lien .If a notIce of
<br />lIen has been fllea p.;rsuan~:.... .:,ectlon 6323111. the amount of Ihe
<br />outstandlOg obligation secured bf suCh lien maf be disclosed to
<br />any f)l!lSon who furnishes satisfactory writlen evidence that he
<br />has a lIght In the property subject to such hen aT Intends to
<br />obtam a r'ghlln such p:\lperty
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