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<br />Excerpts From Internll Revenue Code
<br />Sec. 6321. Lien For Taxes.
<br />
<br />II Iny person lIabla to pay any tax neglects Dr refuses to
<br />'ply lIla same liter demand. the amount (including any Inlll'
<br />"I, Iddlllonal amount, addition to tax, Dr assessable penally,
<br />tog'lIlar wllh Iny coslS that may accrue In addition therelo)
<br />shill be a lien In Isvor 01 the Unlled States upon all property
<br />Ind rights to property. whether real Dr personal. belonging
<br />to such person.
<br />
<br />Sec. 6322. Period Of Lien.
<br />
<br />Unlua Inother date Is specifically fixed by law. the lien
<br />Impoltd by IKllon 6321 shill arise at Ihe time lhe assessment
<br />ISlllld. Ind shall continue until Ihe liability lor the amount so
<br />"aulld (Dr I ludgmenl Igaln.t lhe taxpayer arising oul 01
<br />such IIlblllly) Is satisfied Dr bt!comes unenforceable by raason
<br />Dr Ilpst 01 time.
<br />
<br />Sec. 6323, Validity and Priority Against
<br />Certain Persons.
<br />(I) Purchlltr'., Holde" Of Security In-
<br />t...., MtchInIc'. LItnon, And Judgment
<br />Lien CrtdltOl'l, - Theilen Imposed by lletlon 6321 Ihlll
<br />not be v'lId II Igllnll Iny purchl"r, holder 01 I security
<br />Inltmt, mechlnlc'slllnor, Dr ludgmlnlll.n credllor until nOtlca
<br />lIlaraof which muls Iha requlremenls of subsection (I) hu
<br />baIn IIIId by the Seerellry.
<br />
<br />(I) PIIce For Filing Notice; Form,-
<br />
<br />(1) Pllce For Filing, The notice referred to In sub-
<br />section (I) shall be lIIed .
<br />(A) Under Stili Llws
<br />(I) Rllj Property, In the Clse of rnl property, In one
<br />offlc. within the Stili (Dr the county, Dr olher governmlntll
<br />subdivision), al designated by the laws of such Sllti. In
<br />which the property subjecl to lhe lien Is slluated; and
<br />(II) Personal Property , In Ihe case 01 plllonal
<br />property, wh.lher tangible Dr inlanglble. in one olllce
<br />wllhln Ihe State (Dr the county. Dr olher governmental
<br />lubdivlslon), as dnlgnatdd by Ihe Ilws of such State.
<br />In which lIla property subJecl to the lien Is sltulled:
<br />Dr
<br />(8) Wllh Clerk 01 Olslrict Court. jn the ollice of th. clerk 01
<br />Ihe Unlled Stiles district court lor the Judicial district in which
<br />the property subject to lien isslluated. whenever Ihe State has
<br />not by IIW deslgnllld one olllce o;hlch mells Ihe reQulleme"'S 01
<br />subparagrAph (A). Dr
<br />IC) With Recorder Of Deeds 01 The Dlslncl Of Columo,a . In
<br />Ih. offiCi 01 the Recorder of Deeds of Ihe O'~lnct 01 Columo'a. ,f
<br />Ihe property subject tJ Ihe hen,s sllualed In In. O,;'nCI 01
<br />Columbll.
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<br />Entered 8fi Document No.
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<br />88-1 0 ]. 1 9 1
<br />Grantor /')
<br />Grantee /'9
<br />Numerical /v.4
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<br />2.
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<br />(2) Situs 01 Property SubJecl To lien ' For purpoau of
<br />paragraphs (I) and (4). property shall be deemed to be Sllulted,
<br />(A) Real Property , In the case of reaj property, It III
<br />physicajlocalion; Dr
<br />(B) Personal Property, In Ihe case of perlOnlll'foperty,
<br />whelher talllllble or Intanolble. at the r"ldance of tha
<br />lax payer at the time the nollce DIllen Is 1II1d.
<br />For purposes 01 paragraph (2) (8), Ihe resldenca oIl corporation
<br />Dr partnership shall be deemed to be the plata It which lIla
<br />principal execullve offiCi of the business Is locatld. and lIla
<br />residence of alaxplyer whose rllildence Is without lIla United
<br />Slit" shall be dltroed to be In the District of Columbll.
<br />(3) Form ' The lorm and content of the nollCl
<br />referred 10 In subsection (a) shall be prescribed by tha
<br />Secrelary. Such notice sh.1I be valid nolwlthsllndlng any
<br />other provision 01 law reglrdlno lhe lorm Dr content of I
<br />nollce of lien.
<br />
<br />Note: See section 6323(b) for protection for
<br />certain inlerests even though notice of lien
<br />imposed by s8ctlon 6321 is filed with respect
<br />to:
<br />
<br />1. Securities
<br />2. Motor vehicles
<br />3. Personll property purchlltd It retail
<br />4. Personll property purchlltd In clsullsll.
<br />5. Personll property subjected 10 poS"ssory lien
<br />8. R.II property tax Ind speclll uausm.ntllens
<br />7. Resld.nlllj property SUbJiCt to I mechanic's
<br />lien lor Clrtlln repllrs Ind Improvements
<br />8. Anorney's liens
<br />9. Certlln Insurance contrlcts
<br />10. Pessbook loans
<br />
<br />(g) Retlllng Of Notice. - For purposes 01 thll
<br />secllon '
<br />
<br />(1) Gtn"tl Rule. - Unless nollce DIllen Is relllld In
<br />Ihe mlnner prescribed In peragraph (2) during the required
<br />rellllng period; such notice 01 lien shill be treated IS Iiled on th.
<br />dale on.which It Is fijed (In Iccordance with subsection (f)) alter
<br />the expiretlcn 01 such refillng period.
<br />
<br />(2) PIICe For Filing. - A nolice of lien rallied
<br />during lhe rlQulred reflllno period shall be effective only'
<br />(A) If.
<br />(.) such nolice of lien is refiled In the office In which t~.e
<br />onor nolice of lien wes filed, Ind
<br />(iil in the cese 01 rllj property. Ihellcl 01 refillng Is
<br />enlered and recorded In an .nder to the ellent rlQulled by
<br />subsection (I) (41. and
<br />lBI in any cue ,n which. 90 days Dr more pno' 10 the dale
<br />oj a refillng 01 nOlice of lien under subparagraph (AI. lha
<br />
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<br />
<br />Secretlry received wrlll.n Inlormlllon (In lIla mll1l1ll'
<br />prescribed In regujltlOnS IssUld by tha Secratary)
<br />concerning I change In lIla taxpaye(s resldanct, III notice
<br />of luch lien II Ilso IlIed In Iccardal1Cilwllhsubsltllon (I) In
<br />lhto Slit. In which IUl:h rnldlllCl II located.
<br />
<br />(3) Required R.f1lng P.rIod. - In till CUI
<br />of Iny nOIlCl olllan, the tlrm "required rall11ng perllld" _ -
<br />(A) lha on.Yllr period Indlng 30 dlyelftar the Ixplratlon
<br />of 8 yesrs liter the dlt. oltha _snttnt ollila tax, and
<br />(8) the one'year period .ndlng with theexplral\on 018 yea"
<br />liter the clo" oltha precedlno required raflllng period lor
<br />luch nollce of lien.
<br />
<br />Sec. 6325, Release Of lien Or
<br />
<br />Discharge Of Property.
<br />
<br />(I) R...... Of. Lien. - Subjltl to auch
<br />regulallons as the SKretary may prucrlbe, the Secratary shall
<br />Issue. certlllcatt 01 relll" 01 any lien Impoald with IMpetl to
<br />any Intern.j revenue tax nolllter thin 30 dlY' liter lha dly on
<br />which-
<br />(1) lllblllty Sltlsllld Dr UntnlolCllbll - The Secrtllry
<br />IInds that thelllblllly lor th. Imount ulUlid, tog.lhtr with III
<br />Inlernt In respect thereol, hll beln lully IItlSIItd or has
<br />becom. legllly unenlolCllbll; Dr
<br />(2) Bond Acc.ptld. Thare Islurnlshad to the Secratary and
<br />Ictlpt.d by him I bond thaI Is conditioned upon !hi p&ymam 01
<br />th. Imount 1I...Itd, toglthar with all Inl1mt In l'llpect
<br />lIlarsol, within t~ tlm. prescribed by Ilw (Including any
<br />extension of such lime), and that Is In IccardlllCl with .udt
<br />requlremlnll rej.lIno to terms. conditions. Ind lorm ollha tIoncI
<br />Ind suretlll thareon, II may be spacllltd by such regul.lIon..
<br />
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation,
<br />(k) DIIclOlUI't of CtrtIln Returna and
<br />R.turn Informlllon For To Admlnlltrltlon
<br />PUrpoltl. -
<br />
<br />(2) Dlscjosure ot amounl of outstanding lien. ,\I a notice 01
<br />lien has been lIIed pursu.nllo section 6323{1}. thelmount ollhe
<br />outst.nding obligation lleurld by such jlen mlY be dlecloltd to
<br />.ny person who lurnlShllllllslltlory wrilt.n Ividlncethll ha
<br />hIS I right In the pr~perty lubJecl to such IIln Dr Inllndl to
<br />obtlln . right jn such property.
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