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<br />Excerpt. From Internal Revenue Code
<br />Sec, 6321. Lien For Taxes.
<br />
<br />'I any person liable 10 pay any t.~ neglects or refuses to
<br />'pay the ume after demand. the amount (ir.cludlng any inter.
<br />"t, additional amount. addition to tax. or assessable penalty.
<br />tooether wIth any cosls that may accrue in addition thereto)
<br />Ihall be a lien In 'avor 01 the United States upon all property
<br />and rIghts to property. whether real or personal. belonging
<br />10 auch person.
<br />
<br />Sec. 6322, Period Of Lien.
<br />
<br />Unless another date Is specifically fixed by law, the lien
<br />Imposed by section I!32t shall arise althe tim6 the assessment
<br />II made and shall continue unfilthe liability for the amount so
<br />"Rased (or a judgment against the taxpayer arising out of
<br />luch liability) Is satlsfle6 or becomes unenforceable by reason
<br />01 laPH of time.
<br />
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />(a) Purchutr'., Holden 01 Security In-
<br />ItreItI, Mtehlnlc'. lIenol'l, And Judgment
<br />Lien Crtdltol'l, - The lien Imposed by section 6321 shall
<br />not be valid 81 against any purchascr. holder of a security
<br />'nltrnt, mechanlc'llIlnor. or Judgment lien creditor until notice
<br />thlml whIch meetl the requirements of subsection (I) has
<br />been flied by the Secretary.
<br />
<br />(I) PIIce For Filing Notice; Form,-
<br />
<br />(1) Place For Filing . The notice referred to in sub-
<br />section (a) shall be flied.
<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 govern menIal
<br />subdivIsion). as daslgnated by the laws of such State, In
<br />which the property subject to the lien is situated; and
<br />(II) Personal Property . In the case of personal
<br />properly, whether tangible cr Intangible, In one office
<br />within the State (or Ihe county, or other governmental
<br />lubdivlslon), as designated by tne laws of such State.
<br />in Vlhlch tne property subject to the lien IS situated,
<br />or
<br />(S) With Cler~ Of Dlstnct Court. In the office of the clerk 01
<br />the United States dlWict court tor the judicial district in which
<br />the property subject to lien is situated. whenever the State has
<br />not by law designated one office which meets the reQulfemer.ls 01
<br />subparagraph (A), or
<br />(e) With Recorder Of Oeeds Of The Dlstnct 01 Columola . In
<br />tne office of the Recorder Of Deeds of the District 01 Columola. If
<br />the property subject I:> the hen IS situated In lh~ Dr,triel of
<br />Columbia.
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<br />(2) Situs Of Property Subject To lien . For purpom of
<br />paragraphs (1) and (4). property shall be deemed to be situated.
<br />(A) Real Property . In the case 01 rIal property, at Its
<br />physical location; or
<br />(B) Personat Property. In the case of personal property.
<br />whether tanglbll or Intangible, at Ihl resIdence of thl
<br />taxpayer at the time the notice 01 lien Is flied.
<br />For purposes of paragraph (2) (S). the residence 01 e corporatIon
<br />or partnership shall be deemed to be the place at which the
<br />principal executive office of the busIness Is located, and tht
<br />residlnce of a taxpayer whose residence Is without the United
<br />States shall be deemed to be In the District of Columble.
<br />(3) Form . The form and content of the notlct
<br />referred to in subsection (a) shall be pre~ribed by thl
<br />Secretary. Such notice shall be valid notwithstanding any
<br />other provision of law regarding the form or content of a
<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 section 6321 is filed with respsct
<br />to:
<br />
<br />1. Securities
<br />2, Motor vehicles
<br />3. Personal property purchesed at retail
<br />~. Personal property purchased in casual sale
<br />5. Personal property subjected to possessory lien
<br />6, Real property tax and special assessment liens
<br />7. Rlsldentlal property subject to a mechanlc's
<br />lien for cettaln repairs and Improvements
<br />8, Attorney's liens
<br />9, Certain Insurance contracts
<br />10. Passbook loans
<br />
<br />(g) Reflllng Of Notice. - For purposes of thIs
<br />section.
<br />
<br />(1) Generlll Rule. - Unless notice of lien Is reflled In
<br />the manner prescribed In paragraph (2) during the required
<br />tlfIIlno penod, such notice of lien shall be treated as liIed on the
<br />date onwt,lch It is filed (In accordance with subsection (I)) alter
<br />the expiration of such refiling period.
<br />
<br />12j Piece For Filing. - A notice of lien reflled
<br />dUflnO the reQUITed refillng period shall be effective only.
<br />(Aj If.
<br />II) such notice of lien is refiled In the office in which the
<br />pflor notice of lien was filed. and
<br />(Ii) '" the case of real property, the fact of refiling Is
<br />enlered and recorded in an index 10 Ihe extent reQuired by
<br />subsection If) I~), and
<br />IBI '" any case In which. 90 days or more pnor to the date
<br />of a refilino of notice of lien under subparagraph (Al. the
<br />
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<br />Secretary received wrllten Information (In tht mannar
<br />prescribed In regulatIons IBlued by ths Secretary)
<br />concernIng a change In tht tlXpayar'S residence, If a notlca
<br />01 such lIan Is also lIIed In accordance wIth lu'OIectlon (I) In
<br />the State In which such rnldanca Is locatad.
<br />
<br />(3) Required RlftUng Plrlod. - In thl CllH
<br />of any notIce 01 lien, tht term .requlred reflllng period. mIaOl-
<br />(A) the one-Yllr period ending 30 days alter tht expiration
<br />01 S years alter the date of the ......mtnt of tht tu, and
<br />(S) the one.year period ending with the expIratIon 01 8 YIII'I
<br />alter the close 01 tht precedIng lIClulred reflllng period lor
<br />such notice 01 lien.
<br />
<br />Sec. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />
<br />(a) R...... Of' LIen. - Subjtcl to auch
<br />regulations as the Secretary may prncrlbe. tht Secretary ahall
<br />Issue a certIficate 01 releaae 01 any lien Impend wIth raspect to
<br />any Internal revenue tax not later than 30 daya after tht day on
<br />wnlch.
<br />(1) Liability Satlllled or Untnlorcaable - ThI Sacl'ltary
<br />lIndsthat the liability lor the amount ass"sed, tooell1ar wlll1all
<br />Interelt I~ respect thareol, has betn lully satlllled or hu
<br />become legally unenlorceable; or
<br />(2) Bond Accepted - There Is furnished to the Sacrttary and
<br />accepted by him a bond that Is conditioned upon tht paymtnt 01
<br />the amount asseBled. !ooether w;th all Inlll'llt In tIIpecl
<br />thereof, within the tIme prucrlbecl by law (Including any
<br />extension 01 such tIme), and that II In accordanct with such
<br />requlremants relating to terms, conditions, and lorm 01 lila Iiond
<br />and sureties thereon. as may be specllled by auch regulatlona,
<br />
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In.
<br />formation.
<br />(k) DIIcIotuI'l 01 Certlln Retuml and
<br />Return Information For Tn Admlnlatratlon
<br />Purpolel. -
<br />
<br />(2) Oisclosure of amount of outstanding lien. -11 a notice of
<br />lien has been Wed pursuant to sectton 6323(1). the amount 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 property subject to such lien Dr intends to
<br />obtain a right in such property
<br />
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