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<br />Excerpll From Internal Revenue Code
<br />Sec. 6321. Lien For Taxes,
<br />
<br />Illny perlon IIlbll to PlY Iny taJ< neglecll or refusn to
<br />pey thl IIml altlr dlmlnd, thl Imount (inCluding Iny Inter.
<br />lit Iddltlonallmount, Iddltlon to tex, or IlIlfUbl1 p.nllty,
<br />toglthlr with Iny COlli thlt may accrue In eddlllon thereto)
<br />Ihlll be I IIln In flvor of t~ Unltld Stites up~n III property
<br />Ind rlghtl to proplrty, whether rill or plrsonal. bllonglng
<br />IIIUch plrlOn,
<br />
<br />Sec. 6322, Period Of Lien,
<br />
<br />Unllu Inother datI Is Speclflcallv liud by law, Ihe hen
<br />Imposed by section 632\ shall arl.e allhe lime Ihe a..e..menl
<br />II mldllnd Ihall continue untlllhl hlblllty lor Ihl amounl so
<br />DIUled (or I Judgmlnt Igllnll Ihe IUPIy&' .rlSI'g out 01
<br />luch IIlblllty) II satlllled or becomn unentorcelble by reason
<br />of lapll of tlml,
<br />
<br />Sec. 6323, Validity and Priority Against
<br />Certain Persons.
<br />(I) Purchase"ll, Holde", 01 Security In-
<br />temts, Mechanic's Llenol'l, And Judgment
<br />Lien C1tdltors. - Thlllln Impond by IICll0n 6321 shall
<br />not tv.. valid as agains, Iny purchulf. holder of I .ecurlty
<br />Inllrllt, mlchanlc'llIlnor, or judgmenlllen credllor until nollce
<br />thereof which meets the reQulroments 01 subsection tf) has
<br />been f11ld by the Secrltary
<br />
<br />(f) Place For Filing Notice; Form.-
<br />
<br />(1) Place For Filing - The notice refeired to In sub-
<br />section (a) sha!1 be flied,
<br />(A) Under State Laws
<br />(I) Rill Propeny . In the case 01 real propeny. 10 one
<br />olllce within the State (or the counfy, or Olher governmentel
<br />luM/vlsionl. as deslgnalaG by Ihe laws 01 SUCh Stale, in
<br />which the proplrty subllCllO Ihe lien IS srluated: and
<br />(II) Personal Propeny . In the case 01 personal
<br />property. whether tangible or inlangible, 10 one ollice
<br />within the State (or the counly, or olher govern menial
<br />suMlvislon), as deslgnaled by the laws 01 such Slate,
<br />In which the property sublecl 10 the hen IS sllualed,
<br />or
<br />(B) With Clerk Of OIStrlCt Coun . In the office of the clerk of
<br />the United States district court for the JudiCial distrIct In whIch
<br />the ptoperty subject to lien IS sltuated~ whenever the State has
<br />not by law designated one office which meets the reQuHcmenis of
<br /><ubparagraph (A), or
<br />IC) With Recorder Of Oeeds 01 The O"trrcl 0' COlumb:a ' In
<br />the olllce of the Recorder of Oeeds of Ihe Oistric1 of COlumbia i'
<br />the property subject to the hen 15 situated If! It'll' 0'5t'let Of
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<br />STATE OF NEdR \:::K/,)
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<br />(2) Sltul Of Propeny Subject To Lien. For purposea of
<br />paregraphl Pllnd 14), propany Shall bI deemed to bealtuated.
<br />(A) Real Propeny . In thl CUI oi rill proparty, at III
<br />phYllcallocalion: or
<br />IBI Perlonll Property' In thl cue of peraonal property,
<br />whIther tangible or intangible. al the resldenca of Iha
<br />tupayer althe lime the notlC<l of lien lallled.
<br />For purposes ot peragraph (2) (Bi, thl relldence of a corporation
<br />or partne"hip ahall be deemed to be Ihe place at which too
<br />principii executive office of the business II louted, and the
<br />real donee of a taxpayer whose residence is without the United
<br />Slates ehall be deemod 10 be in the olltrict of Columbia,
<br />(3) Form - The form and content of the notice
<br />referred 10 in subsection (al shall be prescribed by the
<br />Secretary, Such notice sh.1I be valid notwithstanding allY
<br />other provision of law regarding the form or content of a
<br />notIce of lien.
<br />
<br />Note: See section 6323(b) for protection for
<br />certain interests even though notice of lien
<br />imposBd by section 6321 is filed with respect
<br />to:
<br />
<br />t SeCUrities
<br />2, MOlor vehicles
<br />3. Personal propeny purchased at retail
<br />4. Personal property purchased in casual sale
<br />5, Parsonal property subjactod 10 possessory lien
<br />6 Real property tax and special assessmanlliens
<br />ReSicientlal property subject to a mechanlc's
<br />hen for certain repairs and Improvements
<br />8 Attorney's liens
<br />9 Certain insurance contracts
<br />to Passbook loans
<br />
<br />Igl Rellling 01 Notice. - For purposes 01 Ihis
<br />section -
<br />
<br />111 General Rule. - Unless notice of lien IS refiled in
<br />the manner preSCribed 10 paragraph 12) dUTlng the reQuirod
<br />refiling period. such notIce 01 hen shall be treated as filed on the
<br />dale on'which it is filed 1m accordance With subsecUon (f)) alter
<br />the expiration of such refiling period
<br />
<br />12) Place For Filing. - A notrce of I,en refiled
<br />dUring the reqUired reflling peflod shall be effective only -
<br />(Ai If-
<br />ft) SuCh notice 01 hen IS re11led In the offtce In which the
<br />pnor notice 01 lIen was hied. ana
<br />itl! In the case of real property the fact of 'ell ling :s
<br />entereQ and recorded If! an lOde). to the exlenl reqUired by
<br />subsection If) /4} ana
<br />iB; In any ca!;e In which SO days or more pr:Of to ttie date
<br />of a reflllng 01 notIce 01 Imn under subparagraph (AI. the
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<br />Secratary received written Information (In the mlnner
<br />prOlcrlbed In ,egulatlons Issued by tM Secratary)
<br />conclrnlng e change In thataxpaysre realdence, Ila notice
<br />ofluch lIan la alao fIIad In accordanca with lubllctlon (f) In
<br />thl Stale In which auch ru:danclII loclted.
<br />
<br />(3) Roqulred Rellllng Period, - In thl CIII
<br />of any notice of lien, tha term "required rallllng parlod" "'BIns.
<br />(A) the one. year period ending 30 dtye attar the axplratlon
<br />of 6 years alter the date of the assessment of the tax, and
<br />(B) the one.year period ending with Ihe expiration of6 years
<br />altar Iha close of the preceding required reflllng period ',r
<br />such notlca of lien,
<br />
<br />Sec, 6325, Release Of lien Or
<br />
<br />Discharge Of Property,
<br />
<br />(a) Releue 01 Lien. - Subject to such
<br />regulaUons as Ihe Secretary may prescribe, Ihe Secratary shall
<br />Issue a cenllicate of release of any lien Imposed with respecllo
<br />any internal revenue lax not later than 30 days atter the day on
<br />wh!ch.
<br />(1) Liabilily SaUsfied or Unenforceable. The Secrelary
<br />finds thai the liability for the amounl assessed, logether with all
<br />Interest in respect thareof, has been fully satisfied or has
<br />become legally unenforceable: or
<br />(2) Bond Accepted. There is furnished to the Secretary and
<br />accaptad by him a bond Ihatls conditioned upon Ihe paymenl of
<br />the amount assessed, logether wllh aJ; Interest In raspeCI
<br />thereot. within the time prescTlbed by law (including any
<br />extenSIOn of such time), and that Is 10 accordance with such
<br />requirements relating to terms. conditions, and form of the bond
<br />and sureties thereon, as may be specified by such regulations.
<br />
<br />See, 6103, Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation,
<br />(k) Dlsclolure 01 Certain Returns and
<br />Return Inlormatlon For Tax Administration
<br />Purposel. -
<br />
<br />(2) Disclosure of amount of outstanding lien - If a notice of
<br />lien has been Irlea pursuanllD seellon 6323(1i. Ihe amounl 01 the
<br />oulStandmg oblrgatlon secured by such Iren may be dISclosed to
<br />any person who furnishes satis1actory written evidence that he
<br />has a rIght In the property subject to such lien or IOteflds to
<br />ontain a fight In such property
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