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<br />Excerpt. From Internal Revenue Code
<br />Sec. 6321. Lien For Taxes.
<br />
<br />IIlny pel Ion lIlble 10 pay any tax "egletlS ur reluses to
<br />PlY the same altel demand. lhe amounl (Including any intll'
<br />III additional amount, addition to tax, 01 assenable penalty,
<br />together with lily cosls that may actrue In addition Ihe,eto)
<br />,hili be I lien In favor ollilll United States upon ail plOperly
<br />and ,Igbls 10 Plllperty, whelillll f.al 0' personal. belonging
<br />to lutIl pellon,
<br />
<br />Sec, 6322. Period Of lien.
<br />
<br />. Unless anothef date Is sp&tifically fixed by law, the lien
<br />Impond by settlon 6321 shall arise althe time the assessment
<br />Is made and shall conllnce until the liability for Ihe amount so
<br />asussed (01 a judgment againslthe tallpaye, alising oul of
<br />such liability) Is satisfied 0' betomes unenfo,ceable by reason
<br />of lapse of lime,
<br />
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />(al Purchaser'., Holdero Of Security !n-
<br />ttmla, Mechanic'. llenol'l, And Judgment
<br />L1tn Credltol'l. - The Fen Imposed by section 6321 sbell
<br />nol be valid as against any pUfthaser, holde' of a security
<br />inlelesl. mlthanit's Iienol, or judgmenll;en Cleditor unli! nOlice
<br />Ihereof which meets Ihe requirements ot subseclion 10 has
<br />~n fil61l by the Sec'etary
<br />
<br />(I) Pllce For Filing Notice; Form.-
<br />
<br />(I) Place Fo, Filing - The nollce referreo to In sub-
<br />slttlon (a) shall be filed.
<br />{A) Under State laws
<br />(I) Real Property. In the case of real property. In one
<br />olllce within the Slate (or Ihecounty. ~r OIM, governmental
<br />subdivision). as designateo by the laws of such Slale, In
<br />wbich the property subJetlto the lien Is situated; and
<br />(ii) Personal Property - In the case of pe'sonal
<br />1II0perty. whethel tangible or intangible. In one ofiice
<br />wilbln the State (or Ihe county. or olher governmental
<br />su!ldivlslon), as deSignated by the laws ~f such Slate,
<br />In which Ihe properly su~ject to Ihe I.en is situated;
<br />or
<br />(8) Wilh Cle'k 01 Oistricl Coun - In Ihe oWce of the clerk of
<br />Ihe United Stales dlstllcl c~urlfor the Judlc,al d,slricl to which
<br />Ihe ploperty subjecllo lien is situated, ..h~neve' 1M Stale has
<br />notbyfaw designated one ollice which meels the reQulremenls 01
<br />subparagraph (A), or
<br />(e) With Recorder Of Deeds Of The O'slncl 01 Columb,a In
<br />the ollict ollhe Recorder of Deeds Of the D.slllel 01 Columbia. II
<br />the property subject 10 the I,en 's slluafed In the D,s'",,! ~'
<br />Columbia.
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<br />(2) Situs Of Properly Subjecl To lien - For pUlpom of
<br />paragraphs (1) and (4), property shall be deemed to be slluatlll.
<br />(A) Rill Properly. In the call of lIa' property, at III
<br />physlcallotaUon; or
<br />(8) Personal Property - In lhe case of PIrsonal property,
<br />whethel tangible ~r intanglbll, II the IIsl~en" 01 tho
<br />taxpayer at the lime lhe no lice 01 lien Is f11Ill,
<br />F~r purpOses or paragraph (2) (8), thlllsldenCll of a corp~rallon
<br />0' partne'ship shall be dtemed 10 be thl piece at which the
<br />principal encutlve ollice of the business Is located, and the
<br />IIsldlnce of a taxpayer whose residence Is without the Unit61l
<br />States shall be deemed to be in the District of Columbia.
<br />(3) Form . The form anti conlent 01 the notice
<br />'eferreo 10 in subsection (a) shall be prescribed by the
<br />Semtary, Such nollce shall be valid notwlthslanding any
<br />other provision of law regarding Ihe lorm or content of a
<br />nollce of lien.
<br />
<br />Nole: See section 6323(b) for protectIon for
<br />certain interests even though notice of lien
<br />imposed by section $321 is filed with respect
<br />to:
<br />
<br />l. Securities
<br />2. !.Iotor vehicles
<br />3. Personal propeny purchased at retaIl
<br />4. Personal property purchased on casual sale
<br />5. Personal p;operty subjecteillo possessory lIen
<br />6. Real property tax and special assessment liens
<br />7. Residential property sub!ecl to a mechanlc's
<br />lien for certain repaIrs and improvemenls
<br />B. Aftorney's liens
<br />9. Certain ;nsurancecontracts
<br />10. Passbook loans
<br />
<br />(gJ Reflllng OJ Notice. - For purposes ot Ihls
<br />section -
<br />
<br />(1) General Rule. - Unle~s nohce of Iie~ 15 reWed in
<br />the manner prescribed in paragraph (2) dunng the 'eQuired
<br />rellling period, such notice of lien shall be Ireated a~ filed on t~e
<br />dale on.whlch it;s liled (in accordance wilh subsechOn ~f)) aller
<br />the eKpiralion of such IIli1ing pe,iOd.
<br />
<br />(2) Pllce For Filing. - A nOllce of I,en ,,"'ed
<br />durmg the reQl'ired .efl1.ng period shall be effective only
<br />,AII1-
<br />0) such notice of lien is refiled In the ollice ,n which lhe
<br />onOI nOlice of lien was Wed, and
<br />Ill) In the case of 'eal property. the fael 01 rel.llO~ IS
<br />enlered ano recorded on an lOde. 10 Ihe ..tent reqUired by
<br />SubsectIon !O (el, and
<br />IS! '" any case In which. 90 da~s or more plre, 10 the dale
<br />of a rellllOg 01 nOllte 01 iien unde, subparagraph (AI. the
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<br />Grilli10i
<br />Grantee L 67
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<br />Secretary received wrmen Information (in the manner
<br />prncribed In 'e~~llIlon5 Issued by the Secretary)
<br />concerning a chlngeln the taxpayer's ruldence, If a notice
<br />of such lien 1IIIso f11ld In actordance with subsection (I) In
<br />lhe Statl In which such '''idencels loceled.
<br />
<br />(3) Required Reflllng Period, - In the cm
<br />01 any nolicl 01 lien, the telm "requIred rellllng period" means.
<br />(Al the one.year period endIng JO days after the expiration
<br />of 6 yea,s aller the date of the assessment of the tax, and
<br />(8: the one-year period ending with the explralion of 6 years
<br />aller Ihe close of the preceding required ref;ling period for
<br />such notice of tien. .
<br />
<br />Sec. 6325. Release Of Lien Or
<br />
<br />DiSCharge Of Property.
<br />
<br />(al Release Of L:en. - Subject 10 such
<br />regulations as the Secrelary may prescribe. Ihe Secretary shall
<br />Issue a certificate of release of any lien imposed with respect to
<br />any Internal revenue tax not later Ihan JO days alter Ihe day on
<br />which.
<br />(1) liablllly SatiSfied or Unenforceable - The Secretary
<br />finds that Ih~ liability fOI the amount assessed, together with all
<br />Interest in rlSpecl there~t. has been fully satisfied or has
<br />become legally unenforceable; or
<br />(21 Bond Accepted. There is furnished to the Secrelary and
<br />accepted by him a bond that is conditioned upon the payment of
<br />the amount assesseo, logelhe' with all interest in respect
<br />thereot, wilhln the time prescribed by law (Including any
<br />extensiOIl 01 such time), and that is In accordance with such
<br />requirements relating to lerms, conditions. and form of the bond
<br />and sureties Ihereon. as may be specifIed by such regulalions.
<br />
<br />Sec, 6103, Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />(kJ Disclosure 01 Certain Returns and
<br />Return Informallon For Tax Admlnlslratlon
<br />~urposes. -
<br />
<br />.21 Disclosure of amount of outstanding Ilen. -II a notIce of
<br />I,e' ~as been hied pUIsuanlto section 6323ifl. the amounl cl lhe
<br />outslan~,ng obligalwn secJled by SuCh lien may be disclosed to
<br />anV person who fU'OlShes satisfactory written evidence thaI he
<br />has a nghl In Ihe properly sublecl 10 such lien or inlends to
<br />obtain a nghl In such property
<br />
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