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<br />Excerptl From Intema. Revenue Code
<br />Sec. 6321. Lien For Taxes.
<br />
<br />It any perlon liable to pay any lax neglects or rei uses to
<br />pay the limit after demand. the amount (Including .any Inter.
<br />Ill, additional amount, addition to tax. or assessable penalty,
<br />together with an)' COlts that may acerufl In addition thereto)
<br />shall be a lien In favor of the United StaUl! upon all property
<br />and rights 10 property, Whether nlll Of personal. belongIng
<br />to such person.
<br />
<br />Sec. 6322. Period Of Lien.
<br />
<br />Unless anothllr date Is specifically 11xed by liW, the lien
<br />Imposed by sectlon 6321 shall arise lithe time the asussmlnt
<br />II made and shall continue until the liability for the amount so
<br />assessed (or a Judgment against the taxpayer arising out 01
<br />such lIablllty) is satisfied or becomes unenforceable by reason
<br />01 lapse of time.
<br />
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />(a) Purchal8r'l, Holdel1 01 Security In-
<br />terelb, Mechanic', Lienal'll, And Judgment
<br />Llan Credllol1. - Th, lien Imposed by seclion 6321 shall
<br />not be valid as against any purchaser, holder 01 a security
<br />interest, mechanic's lienor, or judgmllntllen creditor until notice
<br />thereof which mllet! the requirements of subsectIon (f) has
<br />been lIIed by the SetrelOfY.
<br />
<br />10 Place For Filing Notice; Form.-
<br />(1) Place For FHmg . The noli:e referred to in SUD-
<br />section tal shall be tiled.
<br />(AI Under State Laws
<br />(II Real Property. In the case 01 real property, mane
<br />office Within the State lor the counly. or other governmental
<br />subdlW1slonl, 8;SJde,ignated by the laws 01 such Stall!!, in
<br />which the property sublect to the hen IS Situated; and
<br />(ii) Personal Propeny In the case Df personal
<br />P\1lperty, whether tangible or m1englble, In onll ottice
<br />IIIlthln thl!! Stale W the county. or olher governmenlal
<br />subdivision!. as deSignated by the laws 01 such State.
<br />In which the property subject 10 the hen IS situated,
<br />or
<br />IB) With Clerk 01 DistrIct Court. In the olhce of the clerk of
<br />the United States districl court for the JudiCIal district In whICh
<br />the property subject to hen IS sltualed, wh~never the Slale has
<br />nOlby law deSignated one office wh.ch meets Ihe reQUIrements 01
<br />subparagraph (AJ. "I
<br />Ie) With Recorder Of Deeds O! The 01StllCl 01 ColumOld In
<br />Ihe omee of the RecorOer 01 Deeds ollhe Distrlct of ColumbIa if
<br />Ine property subject to tile hen ,S sllualeO .n '"1(' [')IS11.cl ot
<br />Columb!.1
<br />
<br />(2) SlIu. Of Prop.rty SubJ'CI To U.n. For ,ucpo... 0'
<br />paragrlph. (1) Ind (4). proporty .hlll bedHmlld 10 belllullld.
<br />(A) Rill Property . In Ihl cw of ,..I proporty, It III
<br />physlcallocaUon; or
<br />(B) Perlonll Property - In th. call of personll property,
<br />whelher lll1Qlbl. or Int.nglble, II the mid.... of tho
<br />tupayer Ilthl IIm.th. noli.. of lion I. tII"'.
<br />For purpo.e. of plragrlph (2) (B). the mld.1lCI of I corpcnollon
<br />or partne"hlp shill be dHmlld 10 be th. pi... II which tho
<br />principII exocullv. offl.. of th. bu.ln... I. locallld. and tho
<br />resldenca of I tuplyer who.e '..Id.... I. without tho Unltlll
<br />SIIIH shill be dHmlld 10 be In the Ol.trlct ot COlumbl..
<br />;. -(3) Fo,m . Th. fllrm:.ond conlonl 01 thO n<dl..
<br />referred to in Iubsectlon II) shall be prllcribed by thl
<br />Secflllry. Such nolice shall be valid notwithStanding any
<br />other provision of law regarding the form or content of I
<br />no1ice of lien.
<br />
<br />Note: SBB section 6323(b) lor protection lor
<br />certain interests even though notice 01 lien
<br />imposed by section 6321 Is liIed with respect
<br />to:
<br />1. Securities
<br />2, Motor venieles
<br />3. Perlonll property purchueclll l1li11
<br />-4, Personal property purch~ in COUll 1111
<br />5. Personll property ,ublett'" 10 pclssmory lien
<br />6. Rell property tax and special Hllssment liens
<br />7. Residential property subject to a mechanic's
<br />lien for certain repllrs Bnd Improvements
<br />8. Attorney's ilens
<br />9. Certlln Insurance contracts
<br />10 Passbook loans
<br />
<br />(g) Rellllng 01 Notice. - For p"rpo.es 01 this
<br />s~tion-
<br />
<br />(1 I General Rule. - Unless nollce of lien is ,ellled In
<br />t';e manner prescribed In paragraph (2) during the required
<br />refillng period: such notice 01 lien sull bttreabd aaliled on th,
<br />dale orrwhlch ills flied (In accorDance with subsection (f)) after
<br />the expiration of such ref11ing period.
<br />
<br />(2) Place For FIling. - A nolieo of lien ,efile<!
<br />dUring the required refiling period"shall be effective!bnlf .
<br />(A) if-
<br />(I) such notice 01 lien IS reWed in the office in which the
<br />prior nDtiee 01 lien wasllleD, anti
<br />(iil LA the case 01 real property, the facl 01 fIlfillng IS
<br />entered and re:orded in an index to thll extent required by
<br />subsec110n (11 1--1. and
<br />IBl In any case in WhiCh, !:Kl days or more prior to the date
<br />of II refillng 01 notice 01 lien under subparagraph lA.!, the
<br />
<br />\' ..',:,;
<br />
<br />Setrellry retelv.d wrltt.n InformlUon (In Ihe mlMlr
<br />prl.crlbed In ,~ulIUon1 IHued by th. 5IcrIllry)
<br />co...rnlng I chll1lleln the \uplyet. mid...., tt e n<dl..
<br />olluch lI.n I. 1110 flied In ICCllrdan..w1th lubnctlon(n In
<br />the 51111 In which ouch mkI....I. localld.
<br />
<br />(3) Required R.111Ing PtdocL - In the ....
<br />of Iny notl.. ot lion. \hIlIrm "roqulrtcl ratillng period- maw .
<br />(A) Ih. one-y,"r penodendlng 3D dlYllltar theoxplraUon
<br />or 6 Y'"rI Inlr \hi dill of the ......mant of the tu, Ind
<br />(B) th. on..y... period ending with th..xplrlUonof6ye...
<br />Iner Ihe cloll of tho proctcllng roqulrld ,-,filing period for
<br />luch notice of fien. t . ( ,
<br />
<br />Sec. 6325. Release Of Lien Or
<br />
<br />Discharge Of Property.
<br />
<br />(I) RtI.... Of LIan. - Subject to .uch
<br />regullUono u th. Setrellry mlY proscribe. the 5acrallly lhaII
<br />Issue II cenlficale of release of any lien Imposed with rnpect to
<br />Iny internal revenue tax nol1ater thin 3J days alttr lbe day on
<br />which-
<br />(I) Ulblllty SaUsfllld or Unenforcuble - Tho Steretary
<br />finds that the liability (or the amount USlllled. togltherwlthaU
<br />Interes1 In respect therlof. hu bten fully latlsfled or hiS
<br />becomlleoally unlnlortlable; or
<br />(2) Bond Acctpl.d - Therlls furnl.h'" 10 the Sterlllry Ind
<br />Iccoptlld by him I bClnd thll Is condltionlld upon the plymtnt of
<br />the amoun1 assessed, togethtr with all Interat In nlpect
<br />Ihtmf. within Iht Ume prescribed by Ilw Oncludlng Iny
<br />extension of such time). and that Is in accordance with such
<br />requirements nllting to terms, conditions, and form at thl bOnd
<br />and IUretllS thereon, as mlY be specified by such regulations.
<br />
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />f9r;f1l~tion.
<br />Ik) Dllclosure , . 01 Certain Returnl IIld
<br />Return Inlormatlon For Tu Admlnlltratlon
<br />PurpOlOl. -
<br />
<br />(2) Disclosure of amount 01 oUlStanding lien. -III notice of
<br />lien has been filed pursuant 10 section 6323(fl, thl!! amount ot the
<br />outstanding obligation secured by such lien may be disclosed to
<br />any person who furnishes satisfactory wrlnen evidence that he
<br />has a rIght in the property subject to such hen or intends to
<br />obtain a right in 5uch property
<br />
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