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<br />Excerpts From Internal Revenue Code
<br />See, 6321. Lien For Taxes,
<br />
<br />If any person liable 10 pay any lax ne~lecls or relU58S to
<br />pay Ihe Slt/1e alter demand. Ihe aOlounl (meludlng any inler.
<br />Ht, additional amounl, addition 10 lax. or assessable penalty,
<br />logether with any COlli that may accrue In addition Ihareto)
<br />shall be a lien In favor of the United Steles upon all property
<br />and rlghtl 10 property. whether real or personal. belonging
<br />II IUch rerJon,
<br />
<br />Sec. 6322. Period Of Lien,
<br />
<br />Unlesl another da" Is specifically IIxed by law. Ihe lien
<br />Imposed by section 632f shall arise allhe lime Ihe assessmenl
<br />II made and shall continue unlll the liability lor Ihe amounl so
<br />alsessed (or a judgmenl egeln" Ihe laxpeyer arismg oul of
<br />IUch liability) Is sltl,lIed or become. unenforceable by reason
<br />of IlIIse of time,
<br />
<br />See, 6323, Validity and Priority Against
<br />
<br />Certain Persons,
<br />Ja) Purchasers, Holder. Of Security In.
<br />terelts, Mechanic'. Llenorl, And Judgment
<br />Lien Creditors. - The lien Imposed by section 6321 shall
<br />not be valid aa agalnsl any purchaser, I,oider 01 a security
<br />Inlereat, mechanic's lienor. or ludgment lien credllor until notice
<br />thereof which meets the reQUlremenlS 01 subsection In has
<br />betn flied oy Iho Secretary,
<br />
<br />(I) Place For Filing Nollee; Form,-
<br />
<br />(1) Place For Filing, The notrce rele"eo 10 in sub,
<br />section (a) shall be lIIed .
<br />(A) Under Slale Laws
<br />(I) Reaf Property. In Ihe case Of real property. In one
<br />office within Ihe Stale (or Ihe counly, or olher govern menIal
<br />subdivision). as designated by the laws 01 such Slale, '"
<br />which Ihe property subject to Ihe lien IS sltualed, and
<br />(II) Personal Property , In Ihe case of personal
<br />property, whether langlble or 'nlanglble, mane oltrce
<br />within the Sla;g (or the counly, or olher governmental
<br />subdivision), as deslgnaled by the laws 01 Such Slale.
<br />In which the property subject 10 the lien IS Sllualed,
<br />or
<br />(B) With Clerk Of Disl"cl Court .In Ihe office of the clerk of
<br />Ihe United Slales diSlrlcl court for Ihe luOlclal dlSt"ct In which
<br />fhe pIOp.rty subfecllo 116n IS sllualed whenever the Slate has
<br />not by law deSignated one office whlct; meets the reQuirements 01
<br />subparagraph (AI, or
<br />(C) With Recorder 01 Deeo, 01 The DlSlllcl 01 COluma,. , In
<br />thE office 01 the Recorder of Deeds 01 Ihe DiS!ri't Of Columbia if
<br />the property sublec1 10 l~e hen IS sltualed 'r' l"If D'SIf'CI 01
<br />Columbia
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<br />2.
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<br />(21 Situs Of Prop.rty Subject To Lien. For purposes of
<br />paragraphs (f) and (4). property shall be dsemed to be situated.
<br />(A) Real Property , In Ihe case of real property, at Its
<br />physical iocation; or
<br />(B) Personal Property. In Ihe case 01 personal property.
<br />whelher tangible or Inlangible. al the residence of lilt
<br />laxpayer al the time Ills nollce of lien Is flied.
<br />For purposes of paragraph (2) (B), the rasldence of a corpora lion
<br />or partnership shall be deemed 10 be the place al which the
<br />principal execullve office of the business :s localed. and the
<br />residence 01 a laxpayer whose residence Is without Ihe United
<br />States shall be deemed 10 be In the Dlstrlcl of Columbia,
<br />(3) Form . The form and conlent of the nolleo
<br />referred 10 in subsecllon (a) shalf be prescribed by tilt
<br />Secrelery, Such nollce shall be valid notwlthslandlng any
<br />otMr provision of law regarding Ihe form or contenl of a
<br />notice of lien,
<br />
<br />Note: See section 6323(b) for protection for
<br />certain interests even though notice of IiBn
<br />imposed by section 6321 is filed with respect
<br />to:
<br />
<br />1. Ser.urities
<br />2, Molor vehicles
<br />3, P6rsonal property purchased al retail
<br />4, Personal property purchased In casual sale
<br />5, Personal property subjecled 10 possessory lien
<br />6, Real property lax and special .ssessmenlliens
<br />7. Residenllal property subJecllo a mechanic's
<br />lien for certain repairs and improvements
<br />8, Marney's liens
<br />9 Certain insurance contracts
<br />10, Passbook loans
<br />
<br />10) Ref/ling Of Nollce. - For purposes of Ihis
<br />section.
<br />
<br />(11 General Rule, ~ Unless noltce of lien IS reliled in
<br />the manne, prescribed in paragraph (2) during Ille reqUired
<br />rellllng period, such notice 01 lien shall be treated as filed on Ihe
<br />dJle on'whlch It IS lIIed (In accordance wllh subsecllon (f)) after
<br />the expirallon of such reliling period
<br />
<br />(2) Place For Filing. - A notice of lien refiled
<br />during the reqUired refillng period shall be effective only.
<br />(A) If,
<br />ii) such notice of lien IS reWed In Ihe office In whIch the
<br />pnor no lice of lien was filed, and
<br />liil In the case of real property. the fact of rellllng is
<br />entered and recorded In an Index to the extenl reQUIred by
<br />subsection (fJ f41. and
<br />IBj In any case In which. 90 days or more pnOI to the date
<br />01 a refllmg of notice of lien under subparagraph (AJ. the
<br />
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<br />Pl:'G: OF DFFnS
<br />
<br />Secretary received written Information (in Ihe manner
<br />prescribed in regulalions issued by Ihe Secrelary)
<br />concerning a change 10 tile taxpaye(s residence. If a notice
<br />of such lien Is also iliad fn accordance with subsection (I) In
<br />Ihe SllIe In which such residence Is localed,
<br />
<br />(3) Required Reflllng Period, - In the case
<br />of any notice of lien. the term "required reflllnQ period" means.
<br />(A) the one.yelr period ending 30 days aller the expiration
<br />of 6 years after Ihe dale of the assnsment of the tax, and
<br />(B) Ihs one.year psrlod ending with Ihe explrallon of 6 years
<br />alter the close of the preceding reQufred reflllng period for
<br />such notice of lien,
<br />
<br />See, 6325. Release Of Lien Or
<br />
<br />Discharge Of Property,
<br />
<br />(a) Release Of Lien. - Subject to such
<br />regulations as the Secrelary may prescribe. Ihe Secretary shall
<br />Issue a certificate of release 01 any lien Imposed with respect tu
<br />any inlernal revenue lax n011aler than 30 days after Ihe day on
<br />which.
<br />(1) L1abil:ty Satisfied or Unenforceable . The Secretary
<br />finds Ihal thellabilily for the amount assessed. together with all
<br />Inleresl In respect Ihereof. has been fully satisfied or has
<br />be~ome legally unenlorceable; or
<br />(2) Bond Accepted. There Is furnished to Ihe Secretary and
<br />acceplad by him a bond Ihells condilloned upon the payment of
<br />Ihe amounl assessed, togelhar with all Interest In respect
<br />thereof, within the time prescribe:! by law (Including any
<br />extension of such time). and thaI is In accordence with such
<br />requirements relating 10 terms. conditions, and lorm ollhe bond
<br />and ,uretlos Ihereon. 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 01 Certain Return. and
<br />Return Information For Tax Admlnlstrallon
<br />Purposes. -
<br />
<br />(2) Disclosure of amount of outstanding hen. II a notice of
<br />hen t,as been filed pursuanlto section 63231'), Ihe amount of the
<br />outstanding obligation secured by such lien may be diSClosed to
<br />any person who furnishes sallsfactory written eVidence thai he
<br />has a rIght In the property subJeCl 10 such lien or mtends to
<br />obtarn a right 10 such property
<br />
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