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<br />Excerpt. Frollllntemal Revenue Codtl
<br />Sec. 6321. Lien For Taxes.
<br />
<br />II any Plrlon liable to pay any I4X neglect~ or rcfusII to
<br />PlY lhl lime aner demlnd, the emount (jll(ludlng any Intlr.
<br />III. Iddltlonallmount. Iddltlon to tax. or assessable penalty.
<br />IOglther wnh Iny costs thll may lCl:rue In addition thereto)
<br />Ihlll ill I IIln In flvor of tilt Unned States upon all properly
<br />Ind rlghll to properly. whe1iltr rell or personal. oelonging
<br />to luch Plllon.
<br />
<br />Sec. 6322, P.eriod Of Lien.
<br />
<br />Unl"1 another dltl II lpeclfically fixed by law, the lien
<br />Impoled by lactlon 6321 shall arise at the time the assessment
<br />II mid. Ind Ihlll continua Ullm the lI.bllity for the amount so
<br />IlseSSed (or a judgment against the taxpayer arising out of
<br />IUch liability) Is satisfied or becomes unanforceable by reason
<br />of lapsa of time,
<br />
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />(a) Purch..er'., HOldf!11 01 Securliy In-
<br />temt., MeManlc'. L1mors, And Judgment
<br />Lien Credltol1. - Tha lien imposed by sactlon 6321 shall
<br />not be v.lld II ,galnst any purchaser, holder of a sacurity
<br />Interlll, mechanic's lienor. or j\Idgmentllen craditor until nollce
<br />thareof which meets the raqulrem&nts of subsection (f) has
<br />been flied by the Sacretary,
<br />
<br />(f) Plact For Filing Nollce; Form.-
<br />
<br />(1) Place For Filing - The notice referred to In sob-
<br />section (a) shall be filed -
<br />(A) Under State laws
<br />(I) Real Properly - In the case of real property, In one
<br />oftlce within the State (or the county, or other governmental
<br />subdivision), II daSlgnated by the laws of such State, In
<br />which the property subject to the lien is sltoated: and
<br />(Ii) Personal Property - In the case of personal
<br />property, whether tangible or Intangible, ,n one office
<br />within the Slate (or Ihe county, or other governmenlal
<br />subdivision), as deslgnaled by the laws of such Slate,
<br />In which the properly subject 10 the hen '5 situated:
<br />or
<br />(B) With Clerk Of DIStllCt Court' In the office of the clerk 01
<br />the United Stetes district courl for the iodicial district in which
<br />the property subject to lien is situated, wh,nevelthe State has
<br />'not by law designated one office which meets the requlfoments of
<br />subparagraph (A). or
<br />(C) Wilh Recorder Of Deeds 01 The Cislflcl 01 Columb a ' In
<br />the office of the Recorder of Deeds 01 the Distllct 0: COlumb,a "
<br />the property subject to the lien !s slluatp.{l If' l"lf D,sl',:"! of
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<br />(2) Situs 01 Properly Subjecl To lien ' For purpom of
<br />paragraphs (1) and (4), property shall be deemed to be sltuatail.
<br />(A) Real Properly . In the cue of 1111 proptrly, at III
<br />physIcal location; or
<br />(8) Personal Properly - In It,e Clse of peraonal proPlrly,
<br />whether tangible or Intangible. at the residence of thl
<br />taxpayer at the tima the nollce of lien is filed,
<br />For purposes of paragraph (2) (B). the rasldence of a corporaUon
<br />or partnership shall be dHme<l to be the pllce at which the
<br />principal executive office of the business II 10Cltail, Ind the
<br />IIsldence of a taxpayer whose residence Is without the United
<br />Slatn shall be deemed to be in the District of Columbia,
<br />(3) Form - The form and content o! the notice
<br />referred to in subsaction (al shall be prescribed by the
<br />Sacretary, Such nollce shall be valid notwithstanding any
<br />othar provision at law regarding the lorm or content of a
<br />notice of lien,
<br />
<br />Note: SBB 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 vehicles
<br />3, Personal property purchased at retail
<br />4, Pllsonal property purchased in casual sale
<br />5, Personal p'operty subjecli!d to possessory lien
<br />6, Real property tax and spacial assessment liens
<br />7. Residential property subject to a mechan!c's
<br />lien lor certlln repairs and Improvements
<br />8, Attorney'. lien.
<br />9 Certain Insurance contraclS
<br />10 Passbook loans
<br />
<br />(g) Reflllng Of Nollce. - For purposes of this
<br />secllon -
<br />
<br />(II General Rule, - Unless no\lce of I"n IS refiled In
<br />the manner prescribed in paragr c.ph (2) dunno the required
<br />ref.Hng period. such notice of lIen shall be treated as Wad on the
<br />date on'which it IS Illed (in accordance w,th sobseChon If)) alter
<br />the expiration of suc~ reflllng p"flod
<br />
<br />(2) PI lice For Filing, - A notice 01 lien reWed
<br />dunno the reqUired reWing period shall be effective onlV'
<br />IAllf,
<br />II) such notice 01 lien IS ref,led to the office lO which thc
<br />prior notice 01 lien was filed, and
<br />III} In the case of real property, the lact v, reflllng IS
<br />entered and recorded In an Index to the extenl reqUired by
<br />SJosectlon IfI (41, and
<br />lBi In any cale In whlch_ 90 days or more pncr to the dale
<br />of a re11ltno of (lotlce of lien under subparaglJph IAl. the
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<br />Secretary received written Inlormallon (In the manner
<br />prescribed In regulallons Issued by the Secretary)
<br />concerning I ching a in the tuplysr's residence, If I nollce
<br />of such lien Is also filed In aCl:ordancl with subsecllon (f) In
<br />tilt State In which euch !lsldence Is located.
<br />
<br />(3) Required Rellllng Period. - In the case
<br />of any notice of lien, the term "required refillng period" means.
<br />(A) the one-Yllr period ending 30 dlYs alter the explrallon
<br />Of 6 years aner the dale of the assessment of the lax. and
<br />(B) the one-year period ending with the explrlllon of6 ysars
<br />alter the cion of tilt preceolng required refillng period for
<br />such notice 01 lien,
<br />
<br />Sec. 6325. Release Of Lien Or
<br />
<br />Discharge Of Property.
<br />
<br />(a) Release Of Lien, - Subject to such
<br />regulations as the Secretary may prescribe. the Secretary shall
<br />Issue I certificate of release of any lien Imposed with respect to
<br />any Internal revlnue tax nollater than 30 days aner the day on
<br />whiCh -
<br />(1) liability Satislied or Ur.enforceable . The Secretary
<br />linds that the liability for the amount assessed. together with all
<br />Intmst in respect thareof. has been fully salls lied 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 i. condilloned upon the payment of
<br />the amount assessed. together with ail interest In respect
<br />thereof. within the time prescribed by law (Including any
<br />extension Of such time), and that is !n accordance with such
<br />requirements relating to terms, conditions, and form of the bond
<br />and sureUes 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 Informallon For Tax Admlnlstralion
<br />Purposes. -
<br />
<br />(2) Disclosure of amount of oulSlandlng lien, ,II a noHce of
<br />lien has been foied pcrsuant 10 seellor 63231fl. the amount of the
<br />outstandIng obLgat1o!'\ secu'ed by s~ctlller~ may be t1!sclosed to
<br />any person who lurnlshes satislactory "'"llen evidenca that he
<br />has a right lO the property sublect to such lien or intends 10
<br />obtain a rightlO such property
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