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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 tax neglecls or refuses 10
<br />pay the same aller demand. the amount (including any Inler-
<br />est. additional amount. addition to tax, or assessable penalty,
<br />logether with any cosls that may accrue In addition thereto)
<br />shall be a lien In favor of ttill Unlled. Stales upon all property
<br />and rights to property, whether real or personal, belonging
<br />10 suCh person,
<br />
<br />Sec. 6322. Period Of Lien.
<br />
<br />Unless another ,date' II speCifically tixed by law, the lien"
<br />Imposed by section 6321 shall arise al the time the assessment
<br />is made and shall continue unUlthe liability for the amount so
<br />assessed (or a Judgment against the taxpayer arising out 01
<br />such liability) 15 satisfied or becomes ~nen'orceable by reason
<br />of lapse ot time,
<br />
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />(a) Purchaser's, Holders Of Security In-
<br />terests, Mechanic's Llenors, And Judgment
<br />Lien Creditors. - The lien Imposed by section 6321 shall
<br />nol be valid as agamst any purchaser, holder ot a security
<br />Interest, mechaniC'S lienor, or )udgmentllen credllor until nollce
<br />thereof wh,ch moets Ihe reqUIrements of subsection (I) has
<br />been flied by the Secretary
<br />
<br />If) Place For Filing Notlcej Form.-
<br />
<br />(1) Place For Filing, Tho notlco referred to In sub-
<br />section (a) shall be filed.
<br />(AI Under Slate Laws
<br />(I) R..al Property' In tho case of real properly, In ene
<br />olllce wllh,n Ihe State (or the county, or other governmental
<br />subdivision!, ae designated by the law~ 01 such Stale, In
<br />whch the property subject to tne lien IS situated: and
<br />III) Personal Property In the case 01 personal
<br />properly, whether langlble or Intenglble, in one office
<br />WIthin the State lor the county, or other governmental
<br />3ubdlvISIOnl. a~ deslgnafed by fhe laws of ~uch Slate,
<br />in wnlcn tne proporly Subject 10 the lien 15 situated,
<br />or
<br />(BI With Clerk 01 District Courl . In Ihe of lice of the clerk 01
<br />fhe Untted Slales alslr If;f r.ourl fllr Ihc ludlclal dlstrlclln whiCh
<br />Ifle property ~ublccllu Ilenl~ ~lluated, whenevcr Ihu Stale haR
<br />not by law deslgn,lted ana ulfice which mcatslha rUQul,,!manI3 01
<br />~ubparaaraph IAI '"
<br />IC) With Act;lJIIlDr 01 Decd& OITtlc Olslrlcl Of ColulllUla ' In
<br />Ihq offIce 01 Ihc nacnrdcl 1)1 np.ud~ nf !tIC Olstrlr.1 of Columhla, It
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<br />(2) Situs Ot Property Subject To Lien . For purposes 01
<br />paragraphs (ll and (4), property shall be deemed to be situated-
<br />(A) Real Property - In the case of real property. at III
<br />physical location; or
<br />(8) Personal Property . In the case 01 personal property,
<br />whether tangible or Intangible, at the residence of the
<br />taxpayer at the lime the notice of lien Ie flied.
<br />For purposes at paragraph (2) (8). the residence ala corporation
<br />or partnership shall be deemed to be the place at which the
<br />principal executive office of the busliiese Is located, and the
<br />reeldence of a taxpayer whose residence Is wllhout the United
<br />Statee shall be deemed 10 be In the District of Columbia.
<br />. (3) Form . ,The torm 104 content of. the inotlGl
<br />referred to In sub~ectlon (a) s~all be pres~rlbed, by, lht
<br />Secnita;y, Such notice shan lie-'valld notwllhstaritllng iny ,
<br />olher provision of law regarding lhe torm or conlent of a
<br />nolice 01 lien,
<br />
<br />Note: See section 6323(b) for protection for
<br />certain Interests even though notice of 1i8n
<br />imposed by section 6321 is flied with respect
<br />to:
<br />
<br />t. Securities
<br />2, Motor vehicles
<br />3, Personal propeny purchased at relall
<br />4, Personal property purchased In casual sale
<br />5, Personal propeny subjecled to possessory lien
<br />6, Real properly tax and special assessment liens
<br />7, Residential propeny sublecllo a mechanic's
<br />lien for cenaln repairs and Improvements
<br />8, Allorney's liens
<br />9, Certain insurance conlracts
<br />10, Passbook loans
<br />
<br />Ig) Reflllng Of Notice, - For purposes 01 lhts
<br />section.
<br />
<br />rl I General Rule. - Unless notice 01 lien Is reflled In
<br />the manner prescribed In paragraph (2) during the required
<br />rellllng period, such nollce of lien shell be lreated as tiled on lhe
<br />dale on'whlch II Ie tiled (In accordance wllh subsection (Ill aner
<br />the e~plrallon 01 such rellllng period,
<br />
<br />(2) Place For Filing. - A notice of lien reflled
<br />dUflng the reQulrod rellllng period shall be efleellve only.
<br />(AlII.
<br />(II such nollce 01 lien Is reflled In the olllce In which 'he
<br />prIOr nollce 01 lien was flied, and
<br />1111 In lhe case 0' real property, tho facf 01 .cllllng Is
<br />ontered and recorded In en Indc~ 10 lhe extonlreQulred by
<br />subsection II) (~), and
<br />IBI In any case In whiCh, 90 days or mora prlol to Ihe date
<br />01 a rellllng of nollce at lien under subperaglAph (A), the
<br />
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<br />
<br />Secretary received written information (in 1IIe lIIIIII*
<br />prescribed In regulations Issued by the SecrIlIry)
<br />concerning a cIlangeln tile tIX1Iayer'1 raidence. i1allllliCl
<br />of sucllllen Is .1.0 filld iIlCCGrcllllCl with IUbAction (f) In
<br />the State In which luch rald_ illocatId.
<br />
<br />(3) RequIred Rifting Period. - In 1111 CIII
<br />of any nOllce 01 lien, the term "rIquil8ll reflllllll periocl" ~-
<br />(A) the one-year period ending 30 days after lIIe expiration
<br />of 6 yeall alter the data of IhIlSllSlment of 1IIe au. IIlll
<br />(8) the one-year period endillllwlth1lle IXPlrlllon ofllYll'S
<br />aner tile elm of tile preceding nqulred I'IfIIIng I*lod tor
<br />such nolice Gf tlen.. - - I
<br />
<br />Sec. 6325~' Release Of Lien Or
<br />
<br />Discharge Of Property.
<br />
<br />(a) ReItae Ot Utn. - Subject lD such
<br />regulations as the Secratlry may prascribI. tIlB SecrIlary nil
<br />Issue a certificate 01 reI_of any liIn impolld with I1IlIId lD
<br />eny Internal ravenue tax notlatar lhan 30 days aftar lIIe day l1li
<br />which -
<br />(1) lIabllily Satisfild or UnenfGrtIIlIII - TIll Semtary
<br />finds lhalthe liability tor tile alllOlJltlSSlSlld. togIllIer wit!l an
<br />Interesl In respect thereof. has been fully satisfied elr has
<br />become legally unenlorceable; or
<br />(2) Bond Accepted - Then! is tumiShlCl to the SecretAry alIll
<br />accepted by him a bOnd thaI is concIilionecl upon tile 'PIymeM of
<br />the amount assessed. tooelher with all intanlSt in respect
<br />thereof. within the time pmcrillld by law (inclllCling any
<br />e~tension of such time). and Ihal Is In accordance willl SllCll
<br />requirements relating to terms. conclltions.andtorm olthellollC
<br />and sureties thereon. as may be speclfltcl by IUd1 regulations.
<br />
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />(~) DlldalUrt 01 CertIln Rllums Iftd
<br />Rltum Intormltlon For Tu Admlnlatrltion
<br />Purpo.... -
<br />
<br />(2) Disclosure 01 amount 01 oulstandlOg hen. "a notice 01
<br />lien has been "'ed oursu~nl10 seeMn 6323!ll. !nt amount aUnt
<br />outslandlng obligation secured by such lltn may be dlSClollCl to
<br />any person who furnishes SlllslaclOT)' wrill~n evilltnctllhlt he
<br />has a right In the pi openy subleel 10 such hen a. IOten~s to
<br />oblaln e right 10 such propertv
<br />
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