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<br />
<br />Excerpts From Internal Revenue Code
<br />Sec. 6321. Lien For Taxes.
<br />
<br />If any person liable to pay any tax neglects or refuses to
<br />pay the same after demand. the amount (including any Inter-
<br />eSl, additional amount. addition to tax, or assessable penalty.
<br />together wllh any costs thaI may accrue in addition thereto)
<br />shall be a lien In favor of the UnIted Stales upon all property
<br />and rights to property, whether real or personal, belonging
<br />to such person,
<br />
<br />Sec. 6322. Period Of Lien.
<br />
<br />Unless anOlher date IS specifically fixed by law, the Jlen
<br />imposed by section 632f shall arise althe time the assossment
<br />is made anll shall conlinue unlillhe liability for the amount so
<br />assessed (or a ,udgmenl against the taxpayer arising oul of
<br />such Habllily) is salisfled or becomes unenforceable by reason
<br />of lapse of lime.
<br />
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />(a) Purchaser's, Holders Of Security In-
<br />t.rest., Mechanic'. Llenors, And Judgment
<br />Lien Creditors. - The lien Imposed by section 6321 shall
<br />nol be valid as againsr any purchaser. holder of a securlly
<br />Inleres!. mechanic's lienor, or Judgmenlllen credllor until notlcs
<br />thereof which meets the reqUlremenls of subsection (t) has
<br />been filed by rhe Secretary
<br />
<br />If) Place For Filing Notice; Form.-
<br />
<br />(1) Place For Filing, The nollce 'eferred to rn sub-
<br />secllon (a) shall be hied.
<br />(A) Under Stale Laws
<br />") Real Properly, In Ihe case of real property, 10 one
<br />office w,lh,n Ihe Stale la' Ihe (ounly 0' other governmental
<br />su!HlIVISlon,. .S dCSlgnijlo,' bv Iho laws 01 Such Slale, In
<br />INh'ch lt1e Dlopsrly sublCcllo Ihe lien 's ~llualed, and
<br />I," Pe'sonal Prr'IWl, III "10 casr of personal
<br />prope/ty ...heIM' lanOllila or IIl1anOlble In one office
<br />INIII,'" Ihe Stale '0' II'. l,(Jllnty 01 olrcI governmenlal
<br />lubo"".",n' ., 1''''onolod fly ltle la""6 of suCtl Stale,
<br />In "'tl,Lr, 110" ~'o~"rlt subJocl 10 Iho lien,s sllualed,
<br />or
<br />/81 W,lh Cler;. 01 0';1""' Courl III the olllce ollho clerk at
<br />Ine Un,led 5lale~ OI';I"tl OJ"'1 '0' Ih" ludlClal dlstflclln which
<br />trle properly lulilocllo 110/' '~',"u.ll'"1 whenovor Iho Slale has
<br />not by law dl!~lonitllllJ one ',ffl.:e 'lit. t" rTlMI!i tho rf,lQurromfm1s 0'
<br />subpa/agrapt,,~ ~,
<br />lei Jllth H"CCHdlJr ')1 :J'JlJ~:~ ,~ ftlU D"j.trl(.f (II /:Oll1rfltllil . In
<br />the nlllce of fhe Rocorder nl OCI'd'o 01 'ho ~Is!rltl 01 CollJmlJl~. If
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<br />(2) Sllus Of Property SubJsct To Lien - For purposes of
<br />paragraphs (1) and (4). property shall be deemed to be eltuated .
<br />(A) Real Property - In the cue of real property, at III
<br />phy.lcallocatlon: Dr
<br />(8) Personal Propsrty - In ths case of personal property.
<br />whsther tanglbls Dr Intangible. at the residence of thl
<br />laxpayer at ths IIms the notice of lien Isllled. ~
<br />For purposes of paragraph (2) (8). the residence of a corporallon
<br />or partnership shall be deemed to be the place al which the
<br />principal execuilve offlcs of the business is located. and the
<br />residence of a taxpaysr whoss residence Is without the United
<br />Statss shall be deemed to be In the District of Columbia.
<br />,(:1) Form - The form i an~. contenl of thanotlce
<br />referred 10 In subsecllon (a) shall be prsscrlbed by the
<br />Secretary, Such notice shall be valid notwithstanding any
<br />othsr provision or law regarding the form or content of a
<br />nollce 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 flied with respect
<br />to:
<br />
<br />1, Securitlss
<br />2. Molar vehicles
<br />3. Personal propsrty purchased at retail
<br />4, Psrsonal property purChased In casual sals
<br />5, Personal property subjected to possessory lien
<br />6, Real property tax and special assessms~t liens
<br />7. Rssldenllal proparty subjact to a mechanlc's
<br />lien lor certain repairs and Improvemenls
<br />8. Attorney's liens
<br />9, Certain Insurance contracts
<br />10. Passbook loans .
<br />
<br />Igl Reflllng Of Notice. - For purposes of this
<br />secllon -
<br />
<br />(I) General Rule. - Unless nollce 01 lien Is rellled In
<br />Ihe mannsr prescribed In paragraph (2) during the required
<br />refl/lng psrlod, such nollce at lien shall be treated alllled on lh,
<br />dOle oowl1lch 1/ Is fIIsd (10 accordancs with subsection (I)) altsl
<br />Ihe explrallon 01 suth rellling period
<br />
<br />121 Place For Filing. - A notice 01 lien rsllled
<br />dUllng Ihe reQulfed 'ellllng pOflod shall be ,trecllve onlv '
<br />IAlII.
<br />11' such nollce of lien Is rslllsd In the oltlcs In WhiCh the
<br />prllJr 1I01lce 01 lien was flied, and
<br />(III In Ihs case 01 real property, Ihe lacl 01 rOllllno IS
<br />entored and recordsd In an Index 10 Ihe cxtent 'cQulred bV
<br />subsecllon /fl (41, and
<br />(8) In any caso III WhiCh, 00 davs o'r 1110re prlol' 10 lhe dais
<br />of e rcllllng of 00llC8 or lIell unde, subpo,ograph (AI. the
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<br />Secretary reCdlved written Informatton (in the IIIInner
<br />prescribed In regulation. iaUId by l1li SIcrIII1y)
<br />concemll1ll a chang,'n the tlXPlYlr'1 mlcIlIlCI.1f IlIlItiOI
<br />of .uch lien 'sll.o flied In ICCOrdlllCt irItIIluIlItClIlIntf} In
<br />the SlIte In whld! such resIdIncIls 1ocIIId.
<br />
<br />(3) RequlJ'ld RiflIng PtrIod. - In lIII c=-
<br />of any notice o1,lIen, the term -raqulrad refllfng period" _-
<br />(A) lhe one-year period ending 30 d.)'I after lIII apimJon
<br />of 6 years after the date of the assesamam of IIIe 1U. IIlll
<br />(8) the one-yearperlOll enlllng .,th IIIe upiratian ofS)'U1J
<br />after the close of the preceding requll1ld rellflng period for
<br />such notice Of lled. ':
<br />
<br />Sec. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />(a) RtIeue 0. LItn. - Subject lD sudI
<br />regulations as the Secretary may prescribe. the s.a.tary SIIID
<br />Issue a certificate of release of any lien imposed wittll'8llllC! lD
<br />any Inlemal revenue tax not 'allr1llan 30 dl)'llllllr the Illy on
<br />which -
<br />(1) Liability Sallsfieel or Unentorceable - The Secl1lary
<br />finds Ihat the liability for the Imourn usessad. toatI!lIr .i"'llI
<br />Internt In respect thereof. hIS I18en fully SltilfllCl or no
<br />becoms leg Illy unenforceable; or
<br />(2) Bond Accepteel . There is tumislleCl to the Secmary lno
<br />accspled by him a bond "'at is concIitionad uJIOn IIIe llIyment af
<br />the amount assessed. together .ltIl III inllraSt in reIllICl
<br />thsreof, within the time PTISCril>acl by II. (IncllMlil1ll Iny
<br />extension 01 suCh time). and thaI is in accordance wit~ sutll
<br />requlremsnls relaling 10 terms, conditions.lno form 01 the llol\ll
<br />and sureties Ihereon, as may be spacffieel by such "Ilulllions
<br />
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />(kl DltclDlurl . of CertaIn Returns Ind
<br />Retum Information For Tu Administration
<br />Purpo.... - '
<br />
<br />(21 Disclosure of amounl 01 OulSlandlng lien ." a nOllel! 01
<br />lien has been lIled QU/lulntlc seC1.on 632JilI lhe amounl 01 Ihe
<br />outsl.ndlng obllgallon ncureO lIV suCh Iten milY be "'ScloseD to
<br />any person who lurnlshes sltisfactory written evidence "'It he
<br />hIS . right In ,he property sublecl 10 suc~ lien or ,nlends 10
<br />ObtBIn 0 right In such OrOperlV
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