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<br />Excerptl From Internal Revenue Code
<br />Sec. 6321. Lien For Taxes,
<br />
<br />11 Iny plrson IIlbll to PlY any lax nlolect5 or refuses to
<br />PlY the nme after demlnd, lhe amount (Including Iny Inter.
<br />"1, Iddltlonll Imount, Iddltlon to tax, or usesnble penalty,
<br />too~ther with Iny COSll thlt may accrue In Iddltlon thereto)
<br />Ihlll be I lien In flvor of the United States upon ell property
<br />Ind rlghtl to property, whethtr real or personll, belonging
<br />tl luch porion,
<br />
<br />Sec. 6322. Period Of Lien,
<br />
<br />Unletl Inoth~r date II speclfh:ally fixed by law, the lien
<br />Impond by eeclion 6321 shIll Irlse at lhe time the assessment
<br />II mlde Ind shall continue until t~e liability for the amount so
<br />UHlSed (or I judgment against the taxplyer ariSing out of
<br />IUch IIlblllty) ISlllisfled or becomes unenforceable by reason
<br />of Ilpse of time,
<br />
<br />Sec. 6323, Validity and Priority Against
<br />
<br />Certain Persons,
<br />(I) Pureh.aer'I, Hold9i'S Of Security In-
<br />I.mtl, Mechlnle'l Llenol'l, And Judgment
<br />Lien Credllofl. - The lien Imposed by seclion 632' shall
<br />not be v;'ld as agllnsl <'y purchaS9r, holder of a security
<br />Inls"st, mechlnlc'sllenor, or judgment lien creditor until notice
<br />thereof which meets the requirements of subsection (I) has
<br />been flied by lhe Secretary,
<br />
<br />(I) Place For Filing Nollee; Form.-
<br />
<br />It) Place For Filing. The nolice re'erred to In sub,
<br />seclion (a) shall ba filed.
<br />(A) Under State Laws
<br />(i) Real Property - In the case of real property, In one
<br />ollice within the Stale (or the county, or other governmental
<br />suMIVlslon), as designated by the laws 0' suct, State, in
<br />which the property subject to the lien is situated; and
<br />(II) Personal Property . In the case 01 personal
<br />property, whether tengible or intangIble, in one office
<br />within the State lor the county, or other governmental
<br />subdivision), as designated by the laws of such State,
<br />In which the property subJecl to the lion is situated,
<br />or
<br />(B) With Clerk Of Oistrict Court, In Ihe ollice of fhe clerk of
<br />the United States district cour' for the judiCial dls!nct In which
<br />the ptoperty subject to lien is situated, whenever the State has
<br />not by law designated one office which meets the reQuIrements of
<br />subparagraph (Ai. or
<br />(C) With Recorder Olll<leds Of The DistriCf 01 Columb,. , In
<br />the ofnce of the Recorder 01 Deeds of the District of Columbia, if
<br />the property subjecl 10 fhe lien IS situale6 In I"e DISH,CI Of
<br />Col~mbla,
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<br />Entersd fa Dowment No.
<br />88, I) 0 8 3 6 ~
<br />Grantor ~
<br />Gratltae Cd -
<br />Numerical ;.5,: -c:c.
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<br />'88 FEB I 9
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<br />(2) Situs Of Property Subject To Lien. For purposes of
<br />paragraphs (f) and (4), property shall be deemed to be sltualed.
<br />(A) Rell Property . In Ihe case of real property, at Its
<br />physical localion; or
<br />(B) Personal Property' In the case of personal proper:)',
<br />whether langlble or intangible, at the residence of the
<br />taxpayer at the time the notice of lien is fIIod.
<br />For purposes of paragrlph (2) (6), the resldenca of I corporllion
<br />or partnership shall be deemed to be the pllce at which the
<br />p;lnclpal executive office of the business Is located, and the
<br />realdenca of I tlxpayer whose residence Is wlthoul the United
<br />States shall be deemed to be In the District of Columbll,
<br />/31 Form . The form and content of the notlCt
<br />refe;r~ to in subsection (I) shall be prncribed by tha
<br />Secrelary, Such nolice shall be valid notwithstanding any
<br />Of her provision of law regarding the form or content of I
<br />notice of lien,
<br />
<br />Note: See section 6323(b) for protection for
<br />certain interests even though notice of lien
<br />imposed by sBction 6321 IS filed with respect
<br />to:
<br />
<br />f Securities
<br />2. Motor vehicles
<br />3, Personal property purchased at retail
<br />4. Personal property purchased In casual sale
<br />5, Personal property subjected to possenory lien
<br />6, Real property tax and special assessment liens
<br />7 Resldentiel property subject to 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 />(gl Reflllng Of Nollce. - For purposes of fhis
<br />sectIOn.
<br />
<br />(fl General Rule. - Unless notice of lien IS refiled in
<br />!he manner prescribed in paragraph (2) dunng lhe required
<br />reflling period, such nolice 01 lien shall be treate6 as filed on the
<br />date on'which it is Illed (In accordance with subseclion Inl after
<br />Ihe expiration 01 such re!llIng period
<br />
<br />(2) Place For Filing. - A notice of lien refiled
<br />during the reQUlfe6 re(,lIng period shall be effeclive only.
<br />(Al If.
<br />II) suCh notice of lien IS rell186 In the office In which the
<br />pnor nOllce of lien was flle6, and
<br />Oi) In the case of real property. the fact of (ellllng is
<br />entered and recorded in an mdex 10 the extent reQUired !>y
<br />subsection In (4), an6
<br />(B) In any case In WhICh, 90 days or more pnor 10 Ihe date
<br />0' a refillng Of nO':lce of lien un6er subparagraph IAI, the
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<br />PC'r;: OF OF.EOq
<br />
<br />Secretary received written Information (In the manner
<br />prescribed In regulations Issued by the Secretary)
<br />concerning a change In the taxpayer's residence, If a noUce
<br />of such lien Is also mad In accordance with subsection (f) In
<br />the Stete In which such residence Is located,
<br />
<br />(3) Required Reflllng Period. - In the CUI
<br />of any nolice of lien, the term "required reflllng period" means.
<br />(A) thl one.year period ending 30 dlYs after the explrltlon
<br />of 6 years after the date of the assessment of the tax. and
<br />(B) the one.yelr period ending with the explrallonof6yem
<br />after the close of the preceding required refillng psrlod for
<br />such notlc@ of lien,
<br />
<br />Sec, 6325. Release Of Lien Or
<br />
<br />Discharge Of Property,
<br />
<br />(a) Releast Of Lien. - Subject to such
<br />regulations as the Secretary may prescribe, the Secretary shall
<br />Issue a certificate of release of any lien imposad with respect to
<br />eny internal revenue tax not later than 30 days after the day on
<br />which.
<br />(f) Liability Satisfied or Unenforceable. The Secretary
<br />finds that the liability for the amount assessed, together wllh all
<br />Interest In respact thereof, has been fully satisfied or has
<br />become legally unenforcaable: or
<br />(2) Bond ACclpted . There is furnished to the Secratary and
<br />accepted by him a bond that Is conditioned upon the paymant of
<br />the amounl assessed, together with all interest In raspect
<br />thereof, within the time prescribed by law (Including any
<br />extension 01 such time), .nd thaf is in 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 />Sec, 6103, Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation,
<br />(k) Disclosure of Certain Returns ar.d
<br />Return Information For Tax Administration
<br />Purposes. -
<br />
<br />(2) Disclosure 01 amount of outslandlng lien, .If a notice 01
<br />lien has been filed pursuanllo seCllon 6323(f!, the amounl of the
<br />outstanding obligation secured by such lien may be disclosed to
<br />any person WhO furnishes satISfactory written evidence that he
<br />has a right in the properfy subject 10 such lien or inten6s to
<br />obtain a fight in such property
<br />
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