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Excerpt From Internal Re"mis Code
<br />Sec. 6321. Lien For Taxes.
<br />n any peon liable to pay any tax iropiacts or refuses to
<br />pay the sun after demand. the amount (including any inter -
<br />wL amitimmi amount, addnwn to tea. or aaneaable penahy.
<br />tagadw With any txate that may accrue in addition thereto)
<br />DWI be a Ilen in heat of the LWM Staff upon all property
<br />and ilghtil to Mail w1,1M real dr persona!, belonging
<br />to all& parson.
<br />Sec. 6322. Period Of Lien.
<br />Unlea at~ data is Specifically fixed by taw, the lien
<br />imposed by notion 15321 stall arise at the nme the assesram;
<br />is made axle shall tmmnue until the liability for the amouni s
<br />maned for a Judgment against the taxpayer arising out of
<br />such liability) is satisfied or becomes unentarteaVe by nasen
<br />of lap" of lime,
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />a) Purchases, Holders Of Sectntryr In-
<br />tereeb, Mechanic's Lienors, And Judgment
<br />LIM CndNoll — The lien imposed by section 1532`. sra' ;,
<br />not be valid as against any purchasi holder of a secunty
<br />Mena:. mMCnantd s Nano'. or tudgme t : e, clip 'tor rl notice
<br />theme! wtrot meets the ream a e-.,. .. 4 se sector 1, has
<br />been filed Dy t^.e Secretary.
<br />;f! Place For Filing notice; Form. -
<br />;tf Piact For Fismg - "_ no= e ._ erred r
<br />sectron ;a1 trill, be filet -
<br />A! Under State Laws
<br />Peal Prcpe^Y
<br />with
<br />suteli,s:0- as designalec - _ ..w_ _. '.o State
<br />w Cr" Tle G-OP^ y sucjtct ! e ..,, alt- and
<br />Pens;, a: r roper. F cas pErso-.
<br />propi w e `e ;!,e -
<br />'thrr file Stare X ire ..% 1
<br />as dts:y'lattc n. 7:
<br />w ...
<br />.. ire ol3oerty su..i.L. r. ._..._�
<br />or
<br />itt
<br />..-.. -.d IPS 5. ...... - .-.a >.
<br />!set. opt _ .._ _.
<br />ner a r ...
<br />subaa
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<br />Excerpt From Internal Re"mis Code
<br />Sec. 6321. Lien For Taxes.
<br />n any peon liable to pay any tax iropiacts or refuses to
<br />pay the sun after demand. the amount (including any inter -
<br />wL amitimmi amount, addnwn to tea. or aaneaable penahy.
<br />tagadw With any txate that may accrue in addition thereto)
<br />DWI be a Ilen in heat of the LWM Staff upon all property
<br />and ilghtil to Mail w1,1M real dr persona!, belonging
<br />to all& parson.
<br />Sec. 6322. Period Of Lien.
<br />Unlea at~ data is Specifically fixed by taw, the lien
<br />imposed by notion 15321 stall arise at the nme the assesram;
<br />is made axle shall tmmnue until the liability for the amouni s
<br />maned for a Judgment against the taxpayer arising out of
<br />such liability) is satisfied or becomes unentarteaVe by nasen
<br />of lap" of lime,
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />a) Purchases, Holders Of Sectntryr In-
<br />tereeb, Mechanic's Lienors, And Judgment
<br />LIM CndNoll — The lien imposed by section 1532`. sra' ;,
<br />not be valid as against any purchasi holder of a secunty
<br />Mena:. mMCnantd s Nano'. or tudgme t : e, clip 'tor rl notice
<br />theme! wtrot meets the ream a e-.,. .. 4 se sector 1, has
<br />been filed Dy t^.e Secretary.
<br />;f! Place For Filing notice; Form. -
<br />;tf Piact For Fismg - "_ no= e ._ erred r
<br />sectron ;a1 trill, be filet -
<br />A! Under State Laws
<br />Peal Prcpe^Y
<br />with
<br />suteli,s:0- as designalec - _ ..w_ _. '.o State
<br />w Cr" Tle G-OP^ y sucjtct ! e ..,, alt- and
<br />Pens;, a: r roper. F cas pErso-.
<br />propi w e `e ;!,e -
<br />'thrr file Stare X ire ..% 1
<br />as dts:y'lattc n. 7:
<br />w ...
<br />.. ire ol3oerty su..i.L. r. ._..._�
<br />or
<br />itt
<br />..-.. -.d IPS 5. ...... - .-.a >.
<br />!set. opt _ .._ _.
<br />ner a r ...
<br />subaa
<br />C .
<br />7L f., .... ...
<br />war. u,2
<br />i2f Slhus of Property Sub)ect To Lien - For purposes of
<br />paragraphs it) and (s). property shall te deemed 10 be squated -
<br />iAJ NYl Property - in fed one of real property- at its
<br />physical location: or
<br />W Perso:tal Property - In the cm of personal property,
<br />whether tangible or intangible, at the residence M the
<br />taxpayer at the time fed notice of lien is filed.
<br />Forompotes of paragraph (2) W, tiro residence of a corporation
<br />or partnership shall be dwlhed to be the place at which the
<br />armicipel exec.. "this office of the hitsmess is halted, and tea!
<br />residence of a taxpayer whose residence is without the United
<br />States srati be deemed to be in the District of Doluml ii
<br />kT Form. - Ths form and content of the notice
<br />refer ed to !r. subseati0n it) shall be prescribed by the
<br />Secretery. Such notice shalt be valid notwostandttq any
<br />'other provision of law regarding the term or content of a
<br />nonce of lien.
<br />!lute: See section 6323(b) for protection for
<br />certain Interests even though notice of !ten
<br />imposed by section 6321 is filed with respect
<br />Io:
<br />i. securities
<br />2 Motor.eh:cles
<br />"Femoral property Jurcnasee at ietaii
<br />< Peaanai pmperry puunased in casual sale
<br />Persona; p-epeay subleciee to possessory den
<br />Baal property tax ant smai assessment i:ens
<br />4es.oent :a' property suolecf tw a mechanic s
<br />4er for eer;am iepa:r5 all morcreme15
<br />5. attorneys bens
<br />9. Certain. :a trance co�.va_
<br />F2ss OCCk'io2r5
<br />Refiiing Of Notice. — :Jrpeses of this
<br />General Rule. — Oniess c •e'sac :n
<br />sea. .. rs .lye egret ;..e ,.',;,red
<br />De - !,Ee =r she i� to -ea :Ed a5 %de^ - ?see
<br />..a ? o^ r sf;,ec � .. otter
<br />the exlalror, .3i s.;:G
<br />Place For Filing.
<br />n r
<br />ec = a r. d"
<br />Secretary received written mtormatfon 4m in! Mannar
<br />prescribed in reputations issued by me Sensory)
<br />cOntemhlp a change in the taxpayer E raldence, q a natlee
<br />D1 such lien is also tiled IS accordance with Subsection ;t; m
<br />the State in which such residence is looted.
<br />(3} Required R*1Wq Period. — to the caw
<br />of any notice of lien, the term "rettuired renting period" means -
<br />(A) "one -year period ending 30 days agar the expiration
<br />of a years that the date of tiro assmir m of the tax, and
<br />!B} the one- yearperhod ending with the expiration off years
<br />atlas iha aim of the pro"no required rafilfng Will for
<br />such notice of liter.
<br />Sec. 6325, Release Of Lien Or
<br />s.
<br />Discharge Of Property.
<br />iii) Relem Of Lien. — subbed 10 Such
<br />teguiatinns as tite Secretary may prescribe, the SednLary shall
<br />issue a certificate of release of any lien imposed with respectto
<br />any internal revenue tax not later filer 3D days after the day on
<br />whim -
<br />:11 ! ;ability Satisfied or tmertorceaole - The Secretary
<br />tends that the rabidly for the amount assessed. together nth an
<br />Interest in respect thereof, has been tuq sat!sfied o' "as
<br />become legally unenforceable. or
<br />ill Bond Accepteo -'hen is furnished tc tit Secretary and
<br />acDepted by mm a bond loaf s cDnditipned upon the payment o!
<br />the amount assessed. together with all interest in respect
<br />meiot, within the tame prescribed Dy .aw ! including any
<br />extension of such ^met. and that is :r a_cprdan.ce war suc`
<br />requ;rements reiatrg to farms, conditions, and form of the bond
<br />and sureties tnerean as may be s;ii by suet r iziabcns.
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />ii,, Disclosure of Certain Returns and
<br />Return Information. For Tax Administration
<br />PUiraoaes. —
<br />U
<br />z
<br />87
<br />C
<br />1!
<br />C '
<br />rat
<br />is t
<br />ILL
<br />3
<br />i
<br />i2f Slhus of Property Sub)ect To Lien - For purposes of
<br />paragraphs it) and (s). property shall te deemed 10 be squated -
<br />iAJ NYl Property - in fed one of real property- at its
<br />physical location: or
<br />W Perso:tal Property - In the cm of personal property,
<br />whether tangible or intangible, at the residence M the
<br />taxpayer at the time fed notice of lien is filed.
<br />Forompotes of paragraph (2) W, tiro residence of a corporation
<br />or partnership shall be dwlhed to be the place at which the
<br />armicipel exec.. "this office of the hitsmess is halted, and tea!
<br />residence of a taxpayer whose residence is without the United
<br />States srati be deemed to be in the District of Doluml ii
<br />kT Form. - Ths form and content of the notice
<br />refer ed to !r. subseati0n it) shall be prescribed by the
<br />Secretery. Such notice shalt be valid notwostandttq any
<br />'other provision of law regarding the term or content of a
<br />nonce of lien.
<br />!lute: See section 6323(b) for protection for
<br />certain Interests even though notice of !ten
<br />imposed by section 6321 is filed with respect
<br />Io:
<br />i. securities
<br />2 Motor.eh:cles
<br />"Femoral property Jurcnasee at ietaii
<br />< Peaanai pmperry puunased in casual sale
<br />Persona; p-epeay subleciee to possessory den
<br />Baal property tax ant smai assessment i:ens
<br />4es.oent :a' property suolecf tw a mechanic s
<br />4er for eer;am iepa:r5 all morcreme15
<br />5. attorneys bens
<br />9. Certain. :a trance co�.va_
<br />F2ss OCCk'io2r5
<br />Refiiing Of Notice. — :Jrpeses of this
<br />General Rule. — Oniess c •e'sac :n
<br />sea. .. rs .lye egret ;..e ,.',;,red
<br />De - !,Ee =r she i� to -ea :Ed a5 %de^ - ?see
<br />..a ? o^ r sf;,ec � .. otter
<br />the exlalror, .3i s.;:G
<br />Place For Filing.
<br />n r
<br />ec = a r. d"
<br />Secretary received written mtormatfon 4m in! Mannar
<br />prescribed in reputations issued by me Sensory)
<br />cOntemhlp a change in the taxpayer E raldence, q a natlee
<br />D1 such lien is also tiled IS accordance with Subsection ;t; m
<br />the State in which such residence is looted.
<br />(3} Required R*1Wq Period. — to the caw
<br />of any notice of lien, the term "rettuired renting period" means -
<br />(A) "one -year period ending 30 days agar the expiration
<br />of a years that the date of tiro assmir m of the tax, and
<br />!B} the one- yearperhod ending with the expiration off years
<br />atlas iha aim of the pro"no required rafilfng Will for
<br />such notice of liter.
<br />Sec. 6325, Release Of Lien Or
<br />s.
<br />Discharge Of Property.
<br />iii) Relem Of Lien. — subbed 10 Such
<br />teguiatinns as tite Secretary may prescribe, the SednLary shall
<br />issue a certificate of release of any lien imposed with respectto
<br />any internal revenue tax not later filer 3D days after the day on
<br />whim -
<br />:11 ! ;ability Satisfied or tmertorceaole - The Secretary
<br />tends that the rabidly for the amount assessed. together nth an
<br />Interest in respect thereof, has been tuq sat!sfied o' "as
<br />become legally unenforceable. or
<br />ill Bond Accepteo -'hen is furnished tc tit Secretary and
<br />acDepted by mm a bond loaf s cDnditipned upon the payment o!
<br />the amount assessed. together with all interest in respect
<br />meiot, within the tame prescribed Dy .aw ! including any
<br />extension of such ^met. and that is :r a_cprdan.ce war suc`
<br />requ;rements reiatrg to farms, conditions, and form of the bond
<br />and sureties tnerean as may be s;ii by suet r iziabcns.
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />ii,, Disclosure of Certain Returns and
<br />Return Information. For Tax Administration
<br />PUiraoaes. —
<br />
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