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<br />Excerpts From Internal Relfenue Code
<br />Sec. 6321. Lien For Taxes.
<br />
<br />II any perlon lIabla to pay any lax neglects or reI uses to
<br />pay the 11m. after d.mand. the amount (Including any inler.
<br />ott, additional amount, addition to lax, or IIslSsabls plnllty,
<br />taglthsr with any Cosll that may accrUI In addition therelo)
<br />Ihall be a IIsn In lavor 01 the United Steles upon all property
<br />and rlghtl to property, whelhsr real or personal. belonging
<br />t. IUch lMrton,
<br />
<br />See, 6322, Period Of Lien.
<br />
<br />. Unless enother dale Is specifically Ilxed by iaw, the lion
<br />Imposed by section 6321 shall arise althe time the assessmenl
<br />II madl and shall continue untlllhe liability lor the amount so
<br />an"led (or a Judgmenl against the taxpayer arising out 01
<br />IUch liability) Is satllfled or becomes unenlorceable by reason
<br />ollaplil of tlml,
<br />
<br />Sec. 6323. Validity and Priority Against
<br />
<br />Certain Persons,
<br />(a) PUrchuer'l, Holdenl Of Security In-
<br />t.mlt, Mechanic's Llenofl, And Judgment
<br />Lltn CredltOfl, - The lien Imposed by soctlon 6321 shall
<br />not be val'1 as Igalnst anv purch!ser. holder 01 a security
<br />Intarss~ mechanic's lienor, or judgment lien creditor until notice
<br />tharsol which meels Ihe requirements 01 subsection (I) has
<br />been lIIed by the Secrelary,
<br />
<br />(I) Pltct For Filing Notice; Form.-
<br />
<br />(1) Place For Filing . ThE notice relerred to in sub.
<br />section (a) shalt blllled .
<br />(A) Under Slate Laws
<br />(I) Real Property. In Ihe case 01 real oroperty. In one
<br />office within the Sllle (0' the county, or other governmental
<br />subdivision), is designated by the I.ws 01 such Stale, in
<br />which tht property sublecllo Ihe lien IS siluated: and
<br />(II) Personal Property . In the case 01 personal
<br />property, whether lenglble or Inlangible. in one office
<br />within the Stale (or Ihe county, or other governmenlal
<br />subdivision), as designaled by the laws 01 such Slale.
<br />In which the property subject 10 Ihe lien Is situated:
<br />or
<br />(B) With Clerk Of DlSlricl Court. In the oflice of Ihe clerk 01
<br />the United Stetes dislrlcl court lor Ihe ludlclal dislriClln wnlch
<br />'he property subjecl to lien is situaled, whenever Ihe 51ale has
<br />not by law designated one office which meets the reqUirements of
<br />subparagraph (AI. or
<br />(C) With Recorder 01 Oeeds 01 The Oislflcr 01 Columb'a . In
<br />Ihe office 01 the Recorder of Deeds ollhe Oislrlcl of Columbia,lf
<br />the properly subJecl 10 lho lien,s situated in Ihe D,slf1et 01
<br />Columbia,
<br />
<br />L
<br />
<br />Enterad ftl Document No.
<br />88- 1 0 0 8 3 S
<br />
<br />C'r "'tor ,0
<br />'.~rdfJe --;g- \ T-;
<br />N~H1Wric31 /zz.....a.:. -
<br />STATE Or Ntl:.ll{i~'5KA)
<br />50
<br />COUNTY OF HALL )
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<br />2.
<br />
<br />(Z) Silus Of Property Subliicl To Lien. For purposes 01
<br />paragraphs (1) and (4), property shall be deemed to be sllueted.
<br />(AI Reel Property. In Iha case of real property, et Itl
<br />physical location: or
<br />(B) Person@1 Property. In the case of personal property,
<br />whether tangible or Intangible, al the realdence of the
<br />taxpayer at the time the notice 01 lien ie flied.
<br />For purposes 01 paregreph (2) (B), tha residence of e corporation
<br />or partnership shall be deemed to be the place el which Ihe
<br />principe I axecutive oHlce of the business Is localed, and the
<br />residence of a lex payer whose residence Is without tha United
<br />Slales shell be deemad to be In the District 01 Columbia.
<br />(3) Form . The form and content 01 the notice
<br />referred 10 In subsection (a) shell be preecrlbed by the
<br />Secratary, Such notice shall b4 valid notwithstanding any
<br />other provision of law regarding Ihe form or contenl of I
<br />notice 01 lien,
<br />
<br />Note: Seb section 6323(b) lor protection lor
<br />certain interests even though noticB 01 IiBn
<br />imposBd by section 6321 is filed with respect
<br />to:
<br />
<br />I. Securllies
<br />2, Molor vehicles
<br />3. Personal property purchased at relall
<br />4. Personal property purchased In casual sale
<br />5, Personal property subjected 10 possessory lien
<br />6, Real property tax and special assessment liens
<br />7. Residential property subject to e mechanic's
<br />lien for certain repairs and improvemenls
<br />S, Attornay's liens
<br />9, Certain Insurance conlracls
<br />10, Passbook loans
<br />
<br />(gl Reflllng Of Notlca. - For purposes of this
<br />section.
<br />
<br />(1) General Rule. - Unless notica of lien is relllad In
<br />Ihe manner prescrlbad In paragraph (2) during the required
<br />reWing period. such notice 01 lien shall be treated as flied on the
<br />date on'whlch It Is flied (in accordance with subsecllon (I)) after
<br />the expiration of such reflllng period,
<br />
<br />(2) Place For Filing. - A nollce 01 lien rellled
<br />during the reqUired rellling period shall be effective only .
<br />(AI II.
<br />(II such notice 01 lien is rallied," lhe office," which Ihe
<br />prior nollce 01 lien was lIIed. and
<br />(II) in the case 01 real property, Ihe lact 01 rellllng Is
<br />entered and recorded m an index to the extent reQUired by
<br />subsection (I) (4), and
<br />IB) in any case in which. 9D days or more pflor 10 the dale
<br />01 a refillng of no lice 01 lien under subparagraph (AI, Ihe
<br />
<br />L
<br />
<br />Secrelery received written Inlormatlon (In the manner
<br />prescribed In regulations Issued by the Secrelary)
<br />concerning e change In the taxpayer's residence, II a notice
<br />of such lien Ie aleo flied In accordance with subsection (I) In
<br />the Stale In which euch residence Ie located.
<br />
<br />(3) Required Rellllng Period. - In tho case
<br />of any notice 01 lien, ths term "required reflllng period" meane .
<br />(A) Ihe one.year period ending 30 daYI eller the explretion
<br />01 6 yeers efter Ihe dele 01 the essessmsnt of the lex, and
<br />(8) the one'Yllr period ending with the expiration 016yeers
<br />efter the close ollhe preceding required rellllng period lor
<br />such notice of 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 a certificate of release of any IIsn Imposed with respeclto
<br />any Internal revenue lax not later Ihan 30 days after the day on
<br />which.
<br />(1) L1ablllly Satisfied or Unenforceable . The Secrstary
<br />finds that tha liability lor Ihe amount essessed, together with all
<br />Interest In respect thereol, has been lully satlslled or has
<br />become legally unenlorceable; or
<br />(2) Bond Accepted. There Is furnished 10 Ihe Secretary and
<br />acceplad by him a bond that Is conditioned upon the payment of
<br />tha amounl assessed, together with all Interest In respect
<br />thereol, within Ihe time prescribed by law (including any
<br />exlenslon of such time), and Ihatls in accordance with such
<br />requirements relating 10 terms, conditions. and form Of the tond
<br />and sureties 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 of Certain Returns and
<br />Return Information For Tax Administration
<br />PurpolIs. -
<br />
<br />(2) Disclosure 01 amounl of oulslanding lien, .11 a notice 01
<br />lien has been flied pursua"llo section 6323(f), ,he amount olthe
<br />outs landing obligalion secured by such lien may be disclosed to
<br />any person who furnishes satisfaclory written evidence Ihal he
<br />has a right in Ihe property subjecl 10 suCh lien or Inlends 10
<br />oblain a rig hI in such property.
<br />
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