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<br />Elcerpts From Internal Revenue Code
<br />Sec. 6321. Lien For Taxes.
<br />
<br />If any person liable 10 pay any lax neglects or rel.ses 10
<br />'pay lfle Slme efter demand. Ihe amounl (including any inler.
<br />est, additional amount, addition to lax. or assessable penalty.
<br />tOG. thor with any COSIS thai may accrue in addition therelo)
<br />Ihall be a lien In lavor 01 Ihe Unlled Slales upon all property
<br />and rlghtl to property, whether real or personal. belonging
<br />to IUch person.
<br />
<br />Sec. 6322. Period Of Lien.
<br />
<br />Unless another date is specifically fIXed by law. Ihe lien
<br />Imposed by section 6321 ehlll arise at Ihe time the asse~ment
<br />Is made and shall continue UIltll the liability lor the amounl so
<br />assessed (or a judgment against Ihe taxpayer arising out 01
<br />such liability) Is satisfill1l or becomes unenlorceable by reason
<br />of lapse of time.
<br />
<br />Sec. 6.'323. Validity and Priority Against
<br />Certain Persons.
<br />(a) Purchller'l, Holders Of Security In-
<br />temla, Mechanic'. Llenol1, And Judgment
<br />Lltn Credltol'l. - Theilen imposed by section 6321 Shill
<br />not be VI lid 81 egalnst any purchaser. holdsr of a security
<br />Interell. meehanlc'sllenor, or judgmentllsn credllor until nollce
<br />thereol which meets the reQuiremenls 01 subsection 10 has
<br />betn flied by Ihe Secrelary.
<br />
<br />(I) Place For Filing Nollee; Form,-
<br />
<br />(1) Place For Filing. The notice relerred to in sub-
<br />section (I) Ihall be flied -
<br />(A) Undsr State Laws
<br />(I) Relj Property. In the case 01 real property, in one
<br />office within the Slale (or the counly. or olher governmental
<br />subdivision). as de~lgnaled by the laws 01 such State. In
<br />which the property subjecllo lhe lien IS situated; and
<br />(il) Personal Property . In lhe case 01 personal
<br />property. whelher langlble or Inlanglble. '" one office
<br />within the Slate (or Ihe county. or other governmental
<br />subd,vislonl. as designated by Ihe laws 01 such Slate.
<br />In which the property sublecl to the lien '5 sHualed:
<br />or
<br />(B) W,lh Clerk Of Oisjllct Court. In the office 01 the clerk 01
<br />Ihe United States ~istllCI court lor Ihe ludlclal dlStllCt in which
<br />Ihe property sublect to lien,s silualed. whenever 'he Slale has
<br />not by law desll~nated one cfhce which meets the reQUlremer.ls of
<br />sJbparagraph 1Ai. or
<br />IC) W,lh Recorder 01 Deeds Of The O'stnct Ot COlumo" In
<br />the offIce 01 thl Rlcorder 01 Duds ot the O'''''ct 01 Columo,a. ,f
<br />the property suDleCI tJ tne lien IS Slfuatelj In tI',,> Q'-;lf,Cl 01
<br />Columb..
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<br />2.
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<br />(2) SlIus 01 Property Subject To Lien. For purposes of
<br />paragraphs (I) and (0), property shall be deemed to be situated,
<br />(A) Real Property - In the casl of real property, al III
<br />phYlicallocation; or
<br />(B) Personaj Property - In the casa 01 pe"onal property.
<br />whelher tangible or intangible, at the relldence of lhe
<br />taxpayer at the time the nollce 01 lien Is flied.
<br />For purposes 01 paragraph (2) (B). the residence ola corporation
<br />or partnership shall be deemed to be the place at which the
<br />principal executive office 01 the business Is located. and the
<br />residence 01 a laxpayer whose residence is without the Unlled
<br />Slales shall be deemed to be In lfle Olltrlct 01 Columbia.
<br />(3) Form ' The lorm and content 01 the notice
<br />relerred 10 in subsection (a) shall be prescribed by the
<br />Secretary Such notice shall be valid notwithstanding any
<br />other prov,slon of law regarding the form or content 01 I
<br />notice of lien.
<br />
<br />Note: See section 6323(b) for proteclion for
<br />certain interests even though notice of lien
<br />imposed by section 6321 is filBd wilh reSpBct
<br />to:
<br />
<br />1 Securities
<br />2. Motor vehicles
<br />3. Personaj property purchlsed at retail
<br />(. Personel property purchased In casuII sell
<br />5. Personaj property subjected to possessory lien
<br />6. Rail property lex and speclll llsessmenlllens
<br />7 Residential property subject to a mechanlC'1
<br />lien for certain repairs and Improvements
<br />8. Morney's liens
<br />9. Certain Insurance contracts
<br />10. Passbook loans
<br />
<br />(g) Reflllng Of Notice, - For purposlS 01 thll
<br />section -
<br />
<br />(1) Generl' Rule. - Unless notice DIllen IS rellled In
<br />Ihe manner prescribed In paragraph (2) during the required
<br />reWlng pellod. such notice of lien shall be treated as filed on Ihe
<br />date on wh'ch Ills hied (in accordance with subsection (I)) after
<br />the expirltion 01 such reWing pellod.
<br />
<br />l2) Piece For Filing. - A notice 01 lien relilll1l
<br />dullng the reQUired relrling pellod shall be effective only.
<br />tA) II.
<br />(,) such no lice 01 Iren is refilll1lln the office in which Ihe
<br />pnor noltce 01 Iren was "ied, end
<br />Ii,; '0 the cese of real pro~erty. Ihe facl 01 relllrng 's
<br />entereo and recorded In an mdex to the extent reQuired by
<br />'ubseclton ,q I()' and
<br />'8, In any case In which. 90 oays or more prior 10 the dat.
<br />01 a re""ng Of notice 01 I'en unOer s"bparagreph 1Ai. (he
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<br />S~relary received wrlllen Information (In tilt IIilMlr
<br />prescribed In regulations Issued by tilt Secmary)
<br />concerning a change In the texPIYl~1 resldlnce, II a nol!ce
<br />of such lien Is also lIIed In accordlnce with lubslCtfon (t) In
<br />the Statlln which luch mldence Ia localld.
<br />
<br />(3) Required RtUUng Period, - In the CUI
<br />01 Iny nollce 01 lien. the terM -required remlng period" meanl-
<br />(A) the one-year period ending 30 daYI eller lI1I expiration
<br />016 Ylars alter the datil 01 the assellment ollhl tax. and
<br />(B) the one.year period ending with the explrltlon 016 yea"
<br />Iltsr the cjose ollht preceding required rellllng perlod 10f
<br />such notice DIllen.
<br />
<br />Sec. 6325, Release Of Lion Or
<br />Discharge Of Property,
<br />
<br />(a) Release Of . Lltn. - Subject to luch
<br />regulations IS thl Seoretary may prescrlbe, lfle Secretary Ihlll
<br />Issue a certificate 01 rejean 01 any lien Impoled wllh rupilCt to
<br />any Internal revenue tu not liter than 30 dlYI alter the day on
<br />which,
<br />(1) LiI~llIty SJtlslled or UnenlcrrQable - The Secrltary
<br />'Ind~ thlt the lili~lIIly lor lhe Imounlanllled, together with all
<br />InlmSl In respect thereol, hu Imn fully ulllfled or hu
<br />become legally unenlorcaable: or
<br />(2) Bond Accepted. There Is furnished to thl SlOralary and
<br />acclpted by him I bond thltll conditioned upon the plymtnt 01
<br />the amount ellessed, together with III Interm In respect
<br />thereol, wllhln the time prescribed by law (Including any
<br />extension o! such time). and Ihet Is In eccordlnce with such
<br />requirements relltlng 10 lerml. conditions. and lorm ollfle tlOnd
<br />Ind sureUn t~ereon, .. mlY be specllled by such regulatl~nl.
<br />
<br />Sec. 6103. Confidentiality and Dis.
<br />closure of Returns and Return In-
<br />formation.
<br />(k) Dleclosure of Certain Returno and
<br />Return Information For To Admlnl.tratlon
<br />Purpose., -
<br />
<br />(2) Disclosure 01 amount of outstanding lien. ' If a noUce of
<br />hen has been Illed pursuant to secMn 6323(1). tho amount olthe
<br />oulstand,ng obligation secured by SUCh lien may be disclosed to
<br />any person who lurnishes Sltlsfactory wrlllen evidence that he
<br />has a ;ight In Ihe property subject to such lien or intends to
<br />obtain a righlln such property.
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