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<br />Excerpts From Internal Revenue Code
<br />Sec. 6321. Lien For Taxes,
<br />
<br />If any person liable to pay any lax neglects or refusss 10
<br />pay the same aflar demand, the amount (Including any Inter.
<br />lit, additional amounl, addition 10 lax, or assessable penalty.
<br />together wllh any costs Ihat may accrue In addition iheretot
<br />shsll be a lien In favor of the United States upon all property
<br />and rlghls to property, whelher real or personal, belonging
<br />to such person,
<br />
<br />Sec. 6322; PeriodrOf Lien,
<br />
<br />Unless another,; date ,IS sPecifically fixed by law, th.- lIerr
<br />Imposed by section 6321 shall arise at the time Ihe assess men I
<br />Is made and shall continue unllllhe liability for the amount so
<br />assessed (or a judgment against the taxpayer arising oul of
<br />such liability) Is satisfied or becomes unenforceable by reason
<br />of lapse of time.
<br />
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons,
<br />(a) Purchaser's, Holden 01 Security In-
<br />, ternll, Mechanic's Llenon, And Judgment
<br />Lien CreditOR. - The lien Imposed by section 8321 shall
<br />not be valid as against any purchaser, holder of a security
<br />inlerest, mechanic's lienor, or judgment lien crodltor until notice
<br />Ihereof which meets the requirements 01 subsection (f) has
<br />been flied by the Secretary.
<br />
<br />"-',
<br />
<br />(I) Place For Filing Notice; Form.-
<br />
<br />(1) Place For Filing . The notice referred to In sub.
<br />section (a) shall bo flied.
<br />IA) Under Slate Laws
<br />(I) Real Property. In the case of real property, In one
<br />office within the State (or Ihe county, or othar governmental
<br />subdIVlslo~), <as" deslgnatad by Ihe laws of such State, In
<br />which the property subJecl to Ihe lien Is situated; and
<br />(II) Personal Property . In Ihe case of personal
<br />property, whether tangible or Intangible, In one oWce
<br />WIthin the Stale (or the county, or other governmenfal
<br />subdivision), as designated by Ihe laws 01 such State,
<br />In which the property subject to the lien Is sltualed,
<br />or
<br />(B) Wl1h CIork Of District Court. In Ihe office of tha clerk 01
<br />the United Stales district court 'or Iho judicial district In which
<br />Ihe property subjecl10 Iiell IS situated whenovor Ihe Slate has
<br />not by law deslgnaled one olflce which moelslhe IOQuirumenlt of
<br />9ubparagraph (Ai or
<br />IC) With Recorder 0' Deeds Ollhe OISIIlCI 01 Columbia. In
<br />the office ol1ho Recorder of Deed& nlthe DlsUlct of Columbia, If
<br />tne preporry ~ubJecl to 1"0 lien ", \llualod In 1110 0151rlcl 01
<br />Columbia,
<br />
<br />lntered as Document Ne.
<br />
<br />88- 1 03 6 8 3
<br />Gra ntor
<br />l-;rantee~'i~;:'
<br />"_ !~'~ri I ,,'. ,"C-
<br />SlAfE 1.':- ~'"Ad ) "<, !i'
<br />COU:HY OF H^L'- i ) i.J,i.J(
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<br />'88 JUL 8 Atl 10 09 I
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<br />Secretary recelv.d wrllltn InformliIon (In 1111 iriIJiriit
<br />preacribed In rlDullllona lulled by lilt SecrtIIry)
<br />concernIng I changaln the flXpayer'llIIldlllCl. If I nalIcI
<br />of auch lien 111110 lIIed m ICCOrdanclWith'iiIbIeclIan (I) 1D
<br />the Stile In whIch sudl relldenct 1I10C1l1l1;
<br />
<br />(2) Situs Of Prop.rty S:lbJlct To Lien - For PUrpotel of
<br />paragraphl (1) Ind (4), proplrty Ihall be deemed to be Iltulled.
<br />(A) Real Proplrty - In Ih. cate of rell property, al III
<br />phYllcallocallon; or
<br />(B) Perlonll Property. In the cete of personal property,
<br />whether Ilnglble or Intangible, al Ih. relld.nce of lhe
<br />laxpayer at thlllmBlhe nollc. of lien Is IlIed. (3) Requlrtd Reflllng PtdocL,- IntbUal
<br />For purpol'l of paragrlph (2) (B), 111. reeld.nce of a corporallon of any notice of IItn, \he Itrm "reljuired rellllng parlocl-muns-
<br />or plrtnershlp ahall be deemed 10 b. the place al which lhe (A) the on.-year period ending 31 dayaaller lIItaxplratlon
<br />principII execullve office of Ihe bualneaa la localed, and the of 6 years alter the date of Iha _riifnl of tIIi fIX. and
<br />resldenc. of a taxpayer whote residence Is wlthoul the Unlled (B) the one-year period ending withtheexplratlon of6yaarJ
<br />Stiles shall be deemed 10 be In the District 01 Columbia, afler the c,lote of lhe preceding l'ICIulred reIIllng !IIriocI for
<br />I) ( (~) Form . rt1.lotm~ Ind. conlenl 01 ..Ihe n~tI~ _ such notice of lien. r ..- r (. ,. ,.
<br />,', ,ret~rr~d, 10 In el\lls~c!!.o~, tal, .s~11I be pres~[Ib!td ~y 11h! " _,- '.
<br />(, Secrrltaly, Such hoilce slid 1le'.vdlld notwlllillarlillnv allY" See
<br />olhor proviSion of law regarding Ihe form or conlanl of I .
<br />notice of lien,
<br />
<br />Note: See section 6323(b) for protection for
<br />certain Interests Bven though notice of lien
<br />Imposed by section 6321 Is tiled with reSpBct
<br />to:
<br />1,
<br />2,
<br />3,
<br />~,
<br />5,
<br />6,
<br />7,
<br />
<br />Securities
<br />Molor vehicles
<br />P~reonal property purchaaed at relall
<br />Pereonal proplrty purchated In cuual sale
<br />Personal proparty subjected 10 possessory lien
<br />Real property tax and special aasesamenlllens
<br />Resldenllal property subjeclto a mechanic's
<br />lien for certain repairs and Impiovemonls
<br />6, AlIorney'e liens
<br />9, Certain Inaurance contracts
<br />10, Passbook loans
<br />
<br />(g) Reflllng 01 Notice. - For purposes of thla
<br />secllon .
<br />
<br />(I) General Rule. - Unless nollce of lien 19 ralilsd In
<br />the manner prescribed In paragraph (2) during the required
<br />rellllng period; such notice of lien shall be Ireated as lIIed on Ih.
<br />date orrwhlch It Is IIled (In accordance with subsecllon (In after
<br />the explretlon of such rallllng period,
<br />
<br />12) Place For Filing. - A notice 01 lien reflled
<br />during tha required rellllng period shall bp effective onlV .
<br />(AI Il.
<br />(I) such notice 01 lion Is rellled In the olllee In which the
<br />prior notice of lien was lIIed, and
<br />(II) In the case of real property, the fact of rellllng Is ,
<br />enlered and recorded In an Index to the extent required by ,
<br />suboectlon (f) (4), and
<br />(B) In any case In which, 90 days Dr more prior to th. date
<br />0' a rellllng 01 notice 01 lI~n under subparagraph (A), the
<br />
<br />6325~ ,. Release Of i lien Or
<br />
<br />Discharge Of Property.
<br />
<br />(a) R...... Of lien. - Subjlct ta sudI
<br />regulallona aa tne Sacretary may prescribe, IIlI SecretIIy sl1aII
<br />lasue I certlllcale of rellua of any IIln lmpolld wltlllIIPICllD
<br />any Inlernalllvenue tax nollater than 3D days aflarllll day on
<br />which.
<br />(1) Lllblllty Satlslled or UMnforcaallle - TIll Sacre1ary
<br />finds Ihat fhllllblllty for the amountuseslld, togtIIItr wItII all
<br />Inlerell In respect thellOf, hIS been fully satIIlled or lias
<br />bacom. 1IDllly unenfol'C!lable; or
<br />(2) Bond Accepted. There la furnlsl1ed to t!II SIcrItaIy and
<br />accepted by him I bond thalli condllloned upon t!II \llYftlllltof
<br />the amounl aeSBSSed, toglthar with all Inflres! In mpICt
<br />thereot, within the tlma prescribed by law (Includlna any
<br />exlenslon of such time), and Ihatls In accordance willi such
<br />requlremenls relating 10 terms, conditions. and lorm olllll bond
<br />and sureties thellon. as may Ce speclfied by such regulations.
<br />
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />. fo~mation.
<br />(k)oi.cIOlUrl of Ctl1lln RIlUmlIftCI
<br />RetUm 'Infcmnitlon For Tu Admlnlltrltlon
<br />Ptirpo'u.~ .:.. "
<br />
<br />(2) Disclosure of IImounl of outSlllnding lIiln, . " a MIlt! 01
<br />lien has been lIIed pursuanlto section 6323(1), the amounl 01 Ihe
<br />oulslandlng obllgetlon secured by such lien may be dlKIOIICIIO
<br />anv peraon who lurnlshes sallslactory wrllltn Ivldence lila' he
<br />hla B right In the property subjeclto such lien or intends 10
<br />obtain I rig hi In such property,
<br />
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