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<br />Excerpts From Internal Revenue Code
<br />Sec. 6321. Lien For Taxes.
<br />
<br />lI.ny person liabl' to PlY any lax neglects Dr reluses 10
<br />'~y lilt IIml liter demand, the Imount (Incl~ding any inllf-
<br />"l.ddiUon.l.mounl. Iddition to lax, Dr assun!!l. penaUy,
<br />tDglllltr with any eosts lllat mlY ICl:rue in addition thlrllo)
<br />.".11 bI.11tn In Ilvor 01 tile United Stalu upOn all property
<br />II1ll rights to properly, whether real or personal. belonging
<br />to s\>dl perJOn.
<br />
<br />Sec. 6322. Period Of Lien.
<br />
<br />Unllu ~nothlr dlt. is specillully ,,,6(1 by law. the hen
<br />Impclltd by Melion tl3<lshlllarislll the Ii""'e Ihe assessmlnt
<br />II lnIde .nd sh.1l continue unlilthe liability lor the amount so
<br />&JHUed (Dr. Judgment .gainst the taxpayer arising oul 0\
<br />such li.bUily) is sltisfied or becomes unlnlorcnb!e by rIa SOn
<br />of IIPM 01 time,
<br />
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />('1 Purchllff'l, HoIdtfl Of Seeurfty In-
<br />......... 1Itchanlc'I LItnor1, And Judgmen'
<br />LIIn Cl'IdHors. - Till iien Imposed by secllon 6321 shill
<br />na1 blI va11el u 1Il.lnsl .ny pUfch1Sfr. Mlder of . slCurlly
<br />Inmrat, mtcIlInJc'llltnol, or judgment IIln credilor unlil notict
<br />Ihtrwol whlell m"lI the rllquirem.nts 01 subsection (0 hu
<br />blIIn fJIIcI by tl1t Slclet.!)'
<br />
<br />(Il PIIce For Filing Notice; Form.-
<br />
<br />(1) P1,til For Filing - The notice rlferred to In sob-
<br />HCtIon (.) sh.1I be Med .
<br />(AI Under SU,tl U'U
<br />(II Rul Property - In the cue of real propelly. In one
<br />Offitil WIthin Ihe Stltl (or Ine county. Of olher govemmlnll.l
<br />sulwllvisionl. IS designated by thl laws 01 such Stm. In
<br />whic!l the property subject ~o lhe lien IS sIluated; an~
<br />~ (ii) Personal Property . In lhe cas~ ot ~rsonal
<br />~opertjl, whether tangIble or ,"Iangible. '" one offIce
<br />wllllin the State (Dr the Counly. Dr oth!! goyernmental
<br />subd,vil]On), 15 d~signated ~y Ihe law5 01 such Slale~
<br />In which the propeny su~iect 10 the hen IS s.tualed.
<br />or
<br />(e) With Clerk Of OISt"ct Court. In the otllce ollhe Clerk 01
<br />lhe United SU,les dlstriCI court for Ihe IUOlc.al district in whiCh
<br />lhi propelly subjecllo Iren '5 sllualed. whenever the Stale has
<br />nol by IIW deslgnaled 0111 c'"ce whIch ",..ISlhe rrQulreme"'s 01
<br />SJbjlarlgrapn (AI, Dr
<br />IC! W,lh Record!! Of Deeds 01 The Olmlcl 01 COlumo'l In
<br />lilt offIce DIllie RlCorder 01 OeelIs 01 the Drslntt 01 COlumo'a II
<br />the property sUOltel tJ the lito IS s,'ualeO ,n tn. O'-.Ir,t! 0'
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<br />m SlluS Of Property SubJICI To lI.n - For purpol&l 01
<br />paragrlphs (I) and Ill. proplrty Shall bi deemed to be slrulted-
<br />{AI Rill Property. In Ihl CUI of rill property, II III
<br />physic.llocalion: or
<br />IE} Personal Property. In the ClSI of pmonll property.
<br />whllher langlbll 01 Intanglbll, It Ihl rlsloence 01 lIIe
<br />lax payer at th, tlm. the noticl olllln Is filett
<br />For purposes 01 parlgrlph (2) (81, the resldlnet oIl corporallon
<br />Oi. partnershIp Shall be dHmed 10 be the pll~ al which lhe
<br />principal UlcullYI office of the business Is localed. ud tilt
<br />rDlldenel 01 a tup'Ylr whose resldlnc. IS wilnoullhl United
<br />Sl.tes shall be deemed to be In tile District 01 Colum~la.
<br />(3) Form - The fOrm Ind contlnt 01 the noUCI
<br />rellrred to In s"bslction (a) Shall be prncrlbed by lIIe
<br />Sec"tary~ Such notice shill be yalld notwithstanding Iny
<br />other provision Dr law regarding the 101m or content of a
<br />nollce 01 lien.
<br />
<br />Nole: See section 6323(b) for protection for
<br />certain interests even though notice of lien
<br />imposed by section 6321 is filed with respect
<br />to:
<br />
<br />1 Securities
<br />2. Motor v,hlcies
<br />3. Personal property purchased al relall
<br />~. "'rsonal property purchlSed in tasull nil
<br />~. Personal property subJlCled 10 possasso!)' lI'n
<br />6 Rill property lax Ind SpecllllSSlssmlnlllens
<br />7. Resl~lnllal property subjlCllo. mechlnic's
<br />lien for terl.ln repairs and Impronm.nu
<br />a Anornly"S lilns
<br />9 Cerllln insurancl conlracts
<br />1D Pusbook loans
<br />
<br />tgJ Reflllng Of No'lce. - For purpOSIS 01 this
<br />se(:lion-
<br />
<br />(11 Gener.' Rule. - Unllss notlc. 01 lien is reliled In
<br />thl manner prlscribed In paragraph (2) during Ihe reQuired
<br />relrling pellOd, such nolice of lien shall be traaled as fUed on thl
<br />date on which II is1Hed 'In accord ann with subsachon 11)) alter
<br />tile "plrlhtn ~I such relillng pellod.
<br />
<br />(2) PIece For Filing. - A nollce DIllIn rellled
<br />~urlng the reqUired refiling pellOO shall be effectIve only -
<br />(A) 'I,
<br />(II Such notice of lien is reliled in the oNice In which the
<br />pllor roOtlce of IIln wasli1ed, and
<br />IiI) ,n Iho cue 01 leal pro;lllrty. Ihe lacl 01 rellllng IS
<br />enllred an~ recorded In an Ind.. 10 the exlent required by
<br />subs/cllon (Ii '.1. and
<br />,e, III anw- case m whiCh.. 90 da~s or more poor 10 the diltl!
<br />of a retlhng of nOhce 01 hen urn:ler subparaglaph IAi (lie
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<br />Seerlll!)' receIved wrltlln Inlorm!tlon (In the mlMlr
<br />prllcrlbed In regulltlonl Iuued by thl Stcrtllryl
<br />cOntilmlno I ehlnOlln the tnplyer'1 rl.'1enca, II a no~CI
<br />of such IIln Is .Iso IiItd In lecordlnca wlll1 subsecllon III In
<br />the 51lr11ln which 'uth ..lldanet " 10000led.
<br />
<br />(3) RequIred Roflllng P.rlClcl. - In the tall
<br />of Iny nollce olllll!l, the term -required ..filing perlod- mellll-
<br />(A) the one-yur period ending 30 dlYl.lllIr IllI txlllrallon
<br />01 e y,mllter the dll. of the ,",..mll!ll of the In. II1ll
<br />(9) the one-yelr period andlng with thl expiration of 8 Yllra
<br />Illlr lhl cloSI ollht p~lng requIred ft!lll11ll1ltrlod lor
<br />sveh notice olllan.
<br />
<br />Sec. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />
<br />(a) RIIHH 01 Utn. - Su!lliCI to such
<br />regulations as the SlCrell!)' mlY prescribe, the Seclwtary ;hIli
<br />Issu.. tilrlllicale 01 relnsl 01 Iny lien Imposed with rupect to
<br />Iny Inlernal revenue tlJ: notlal" thin 30 OIP allllr the dly on
<br />whlell.
<br />(1) liability Sltlsf:ed or unenforceable . The 5~rellry
<br />finds Ih.llhellabl1lty fQr the Imounl um~, togethlr w!lh III
<br />Inl.rest In rlJ~ thereof, hu bien fully I.llsned Dr hu
<br />becom, fegllly unenforce.bll; or
<br />(2) 80nd ACClplll!. Theft Is Ivmllhtll to thl Sttr'lI!)' Ind
<br />.ctlpled by him. bond Ihatl' conditioned upon tht pIYlIlInlcl
<br />the .mount Iss.ned, together with III Internt In f1tpett
<br />lherlof, wIthin thl IIml prescribed by Ilw (Including Iny
<br />ulenslon of such Ilml), and Ihllls In acconllnct willi luch
<br />rlQulremlnts relating 10 tlrms, conditions, Ind 10rm olllll tiolltl
<br />Ind surell,s thereon, as /lily be Specified by luell fIlIulallonl.
<br />
<br />Sec. 6103, Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />(k] DIIC/osure of Certlln R'lum. .nd
<br />R.tum Infonnetlon For Tax Admlnl,'retlon
<br />PUrpSlel, -
<br />
<br />(2) Disclosure 01 amount 01 outstandlnO lien.. If a notice of
<br />Ilen has been filld pursuanllo sectIon 6323lfi.lhe Imount 01 thl
<br />oolslandLng obliGation secured b~ SUCh lien may be ~isclosed 10
<br />Iny person who fumlshes sallsfaclory wnllen eVIdence thlt he
<br />hu a "ghl In Ihe propeny subJecl to such lien or intends to
<br />oblaln a nghl In such properly
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