|
<br />I
<br />
<br />-n
<br />~ --.."
<br />(~ f j
<br />~~~~ ~
<br />~: ~ ~ i ~.
<br />,~~'
<br />
<br />\i. \;
<br />'\..\1-~
<br />~'","
<br />, \~~
<br />f)'\., '~'--'
<br />~'
<br />~'
<br />~.
<br />
<br />n
<br />a
<br />'i
<br />;0
<br />.z
<br />n
<br />iil
<br />~
<br />
<br />
<br />Excerpts From Internal Revenue Code
<br />Sec, 6321. Lien For Taxes,
<br />
<br />If Iny plrlon IIlbll to PlY Iny tax nlgllcls or refusn 10
<br />pay thlllml Ifler dlmlnd, thl amount (Including any Inllr.
<br />III, Iddltlonal Imount, addition to tax, or IIsmabls penalty,
<br />toglthsr with Iny COlli that mlY accrue In addition therato)
<br />shall be a lien In favor of thl Unite<! States upon sll property
<br />Ind rlghll 10 property, whether rill or personal, bslonglng
<br />\I luell perlon,
<br />
<br />Sec. 6322. Period Of Lien,
<br />
<br />Unless another data Is specifically fixed by law, the lien
<br />impo"d by section 6321 shall arise at the time the assessment
<br />Ie mada and shall continue until the liability for Iha amount so
<br />usane<! (or a Judgment against the taxpayar arising out of
<br />such IIlblllty) II salllfle<! or becomes unenforceable by raason
<br />of lip" of time,
<br />
<br />Sec. 6323, Validity and Priority Against
<br />
<br />Certain Persons,
<br />(I) Purchaltr'S, Holdel'l Of Security In.
<br />tlmlt. Mechanic', Llenol'l, And Judgment
<br />L1.n Cndllofl. - T~e lien Imposed by section 6321 shall
<br />not be valid as against any purchaser. holder of a security
<br />Internt, mechanic's lienor, or judgmont lien creditor until notice
<br />thereof which meets the requirements of subsection m has
<br />baan flied by the Secretary,
<br />
<br />(n Place For Filing Notice; Form,-
<br />
<br />(1) Place For Filing - The notice relerred to In sub,
<br />section (a) shall be filed.
<br />(A) Under State Laws
<br />(I) Real Property. In the case 01 real property, In one
<br />office within the State (or the county, or other governmental
<br />subdivision), as designated by the laws 01 such State, In
<br />which the prope-ty subject to the lien Is situated: and
<br />(II) Personal Property . In the case 01 personal
<br />property, whether tangible or Intangible, In one olflce
<br />within the State (or the county, or other governmental
<br />subdivision), as designated by the laws 01 such State.
<br />In which the property subject 10 the lien is Situated:
<br />or
<br />(B) With Clerk Of Districl Cou,t - In the olflce of Ihe cler, of
<br />the United States dlSlrict court lor Ihe ludiclal district In whIch
<br />the property subject to lien '5 sllualed. whenever Ihe State has
<br />not by law designated one office whIch meets the reQuirements 01
<br />subparagraph (A), or
<br />(C) With Recorder Ot Deeds 01 The DlSlrlcl Of Columb.. ' In
<br />the office of the Recorder ot Deeds of the District of Columbia, if
<br />the property subject ~o the lien IS situated In the Dlstrlcl of
<br />Columbia,
<br />
<br />L
<br />
<br />I
<br />
<br />tntNM a,; Dooument ~
<br />
<br />88--1 () 0 B 3 7
<br />Grant:'__~
<br />Z &antGe 11"\
<br />() Numer!cal 11./ ~ ....
<br />=T TE OF NEBRASKA) Sl'
<br />fia :Tf OF :-It,lL );)
<br />
<br />o
<br />-
<br />~8 FEB I 9
<br />m
<br />>C
<br />r-
<br />Ci)".?
<br />:J pC'G: OF OtFnS
<br />
<br />."
<br />~
<br />D.
<br />S'
<br />in'
<br />
<br />....
<br />CD
<br />
<br />~D/;; l
<br />
<br />z
<br />?
<br />
<br />AH 10
<br />
<br />c
<br />13 !"
<br />
<br />c::
<br />::J
<br />~
<br />tn
<br />Dr
<br />S'
<br />en
<br />
<br />2,~.>J,,---~tLi<=,.,j
<br />
<br />!!L
<br />
<br />ii
<br />
<br />i
<br />'C
<br />2.
<br />
<br />(2) Situs Of Property Subject To Lien. For purposes of
<br />paragraphs (I) and (4), property shall be deemed to be situate<!.
<br />(Al Real Propar!y . In the C"I of real property, at Ita
<br />physlclllocatlon: or
<br />(B) Personal Property' In thl caee 01 pm anal proparty,
<br />whether tangible or Intanglbll, at the resldlnel of tha
<br />taxpayer at the time the notl;e of IIln II IlIed,
<br />For purposes of paragraph (2) (B). tha residence of a corporation
<br />or partnership ehatl be deemed to be the pllCI It which tll;
<br />principal executlvI office of thl business Is 10CIle<!. Ind tIta
<br />ralldenca of a taxpayer whose residence Is ..lthout the Unite<!
<br />StatN shall be deeme<! to be In the Dlltrlcl 01 Columbia,
<br />(3) Form . The form and content of thl notice
<br />referre<! to In subsection (a) shall be prescrll>ad by the
<br />Secretary, Such notice shall bt volld notwithstanding Any
<br />other provision 01 law regarding the form or content of a
<br />notice DIllen,
<br />
<br />Note: See section 6323(b) for protBction for
<br />cBrtain intBrBsts eVBn though notlcB of lien
<br />imposed !:Iy section 6321 is flied with rBspect
<br />to:
<br />
<br />1. Securities
<br />2, Motor vehicles
<br />3, Personal property purchaSe<! at retail
<br />4, Personal proPllrty purchased in casual sale
<br />5, Personal proparty subjected to possessory lien
<br />6, Real property tax and special assessment liens
<br />7, Residential property subject to a mechanic's
<br />lien lor certain repairs and Improvements
<br />8, Attorney's liens
<br />9. Certain Insurance contracts
<br />to Passbook loans
<br />
<br />(g) Reflllng Of Notice. - For purposes of this
<br />section.
<br />
<br />It} General Rule. - Unless notice 01 lien is refiled in
<br />the manner prescribed rn paragraph (2) dUring the required
<br />refilrng period, such notice of lien shall be treated as flied on tha
<br />date orrwhlch It is III'" lin accordance with subsection (I)) after
<br />the expiration 01 such rtliling period
<br />
<br />(2) Place For Filing. - A no lice of tien refiled
<br />dUring the reqUIred re"'ing period shall be effective only,
<br />iA) ii,
<br />('J such notice of lien is refiled In the olflee In which the
<br />prior notIce of lIen was liIed. and
<br />{II; In the case of real property. the tacl of reflllnQ is
<br />entered and recorded In an index to the extenl reQUIred by
<br />subsection (I) (4) and
<br />(B) In any case in which. 90 days or more prior to the date
<br />01 a reHhng ot no tiC' 01 III" under subparagraph (A). the
<br />
<br />L
<br />
<br />Secretary received written Information (In the manner
<br />prescribed In regulations lesued by the Secretary)
<br />concerning I chlnge In the taxpaYI~e relldence, If a notice
<br />Qf ruch IIln 'I 1110 fllld In accordance with lubnctlon (0 In
<br />thl Stlte In which luch resldenCG Is located.
<br />
<br />(3) Requlr.d R.flllng Period. - In the em
<br />of any notice of lien, thlterm "required reflllng p,rlod" mnns .
<br />(A) the one.year period ending 30 daYI Ifter the expiration
<br />of t years afler thl date 01 the assellment ot the tax, and
<br />(B) the one. year periOd ending with the expiration 016 years
<br />alter the closl of tha precldlng required reflllng period for
<br />luch notice of lI.n,
<br />
<br />See, 6325, Release Of Lien Or
<br />
<br />Discharge Of Property.
<br />
<br />(a) R.I.... Of Lien. - Subject to such
<br />regulations II tha Secretary may prescribe. thl Sr.retary shall
<br />IlIue a certificate of release of any lien Imposed with respect to
<br />Iny Intern I' revenue tax not later than 30 daYI after the day on
<br />which.
<br />(1) Liability Satisfied or Unenforceable. The Secretary
<br />finds that the liability for the amount assmed, togethar with all
<br />Interest In respect thereof, has bean fully satisfied or has
<br />become legally unenforceable: or
<br />(2) Bond Accepted. There is lurnlshed to the Secretary and
<br />accepted by him a bond that Is conditioned upon the payment of
<br />the amount assessed, together with all Interest In respect
<br />thereol, within the time prescribed by law (Including any
<br />extension 01 such time), and thaI is In accordance with such
<br />requirements relating to terms, conditions, and form 01 the bond
<br />and sureties thereon. as may be specified by such regulations.
<br />
<br />See, 6103. Confidenti<.!ity and Dis-
<br />closure of Returns and Return In.
<br />formation.
<br />(k) Disclosure of Certain Returns and
<br />Relurn Information For Tax Administration
<br />Purposes. -
<br />
<br />(2) Disclosure of amounl 01 outstanding IlIn . If a notice of
<br />hen has been Hied pursuant te section 6323(1). the amount of the
<br />outSlandlng obligation secured by such IlIn may be disclosed 10
<br />any person who furnishes satisfactory written eVidence that he
<br />has a fight in the property subject to such lien or Intends 10
<br />obtain a right in such property
<br />
<br />~
<br />
|