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<br />ExcMiIB From irf tidal Ret»rtw Code
<br />Sec. 6321. Lien For Taxes.
<br />a vi pmat Raw to pay any alt mgects or retuses to
<br />tai the sums afar dent" the amount (Including any IRW-
<br />esL to tae, or aeseaoblt penalty,
<br />risen wo dry the mfr may acerus, In add ll" momma)
<br />ate be a hen In Ism of in BMteA WM upon all property
<br />and rights to p aposay witwoor row or personal, Wangling
<br />b-aAe parks.
<br />Sec. 6322. Period Of Lien.
<br />Indeed anedter data Is specifically fixes by law. the lien
<br />imom by notion out I arm at the time the asswamot
<br />Is mete as -a0 mnnune until fie liability for the amount so
<br />aI I I (a a judgment against the taxpayer arising out of
<br />t atldaty) is uftfW or baomes ummkrceable by reason
<br />of lepse of time.
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />(a) pfxdrasrs, Holders Of Sow* In-
<br />tereater MeoMMc's LI0e01% And Judgmer(t
<br />Lien Credtefl. — The pen Imposed by section 6321 Brian
<br />not be valle as Mhhot any purchaser, holder of a security
<br />tf>baN, tespaniles hems, or judgment lion creditor until notice
<br />thaelf which mesa the requiremente of subsection in has
<br />been thed by The Secretary.
<br />m Film For MV Notice; Form. -
<br />11) Place For Filing - The notice referred to in sub -
<br />"*left (a) shall be filed -
<br />(A) Under Sate Laws
<br />m Mal Property - In the case of real property, in one
<br />office within the State (or Its county, or other governmental
<br />svb"kp), as designated by the laws of such State. In
<br />ral de pro" subject to the lien is situated; and
<br />(it) Pert" Property - In the caw of personal
<br />prop". whodsr taghbia or intangible, in am office
<br />within the State (of the county. or other governmental
<br />subdivision), as designated by the laws of such State.
<br />In which tin property subject to the lien is situated.
<br />or
<br />(e) wit) Clark Of District court • In the office of the clerk of
<br />the united States district court for the judicial district in which
<br />Me property subject to lien is situated, whenever the State has
<br />net by taw designated one office which meets the requirements of
<br />subporWapin IA). or
<br />(C) With hcordsr of Deals Of The District Of Calnmd a in
<br />tft affiw of the hmd- of oet" of the mbia
<br />District of cofu. it
<br />the property subject to the hen is situated in the D�strm c'
<br />G
<br />(2) Still of Property SoW To Lion - For purposes 91
<br />paragrapna (t) and (a), property shall be deemed to be ettustad-
<br />(A) food Property - In the on of real properly, at fie
<br />physical bcseon: or
<br />(B) Personal Property - In tie case at win not property,
<br />whether tangible or Int"ble, al the reatdsnce of the
<br />taxpayer at the time de notice of men Is filed.
<br />For purposed of parpreph R) M.%rediNnp of a corporation
<br />or parbers)Ip shall be deemed to be the plow at which the
<br />uMaipai executive ofIr" of the business Is located. and the
<br />resldenca Of a taxpayer whose rwldem is without the Ikdsd
<br />Sates shall be do mad to be In the Distinct of Columba
<br />(3) Form - The Term and content of the r -
<br />retmad to m subdettion (a) shelf be pr�r by Ole
<br />Secretary. Such notice shelf be valid noMlthatantlhg any
<br />other provision of law regarding the form of content of a
<br />notice of lien.
<br />Note: See section 6323(b) for protection for
<br />certain interests even though notice of lien
<br />imposed by section 6321 Is filed with respect
<br />to:
<br />1. Securities
<br />2. Motor vehicles
<br />3. Persona) property purchased at retail
<br />C Personal prop" purchased in casual sale
<br />S. Personal property subjected to possessory lien
<br />S. Mal property tax and petal assessment liens
<br />7. Residential property eubject to a mechanic's
<br />lien for certain repairs and Improvements
<br />e.
<br />Attorne y slims
<br />9. certain insurance contracts
<br />10 Passbook loans
<br />(g) RefNftillf Of Notim. — For purposes of this
<br />section -
<br />m General Ruffle. — Unless notice of lien is relifed in
<br />the manner prescribed in paragraph (2) during the required
<br />reliling period, such notice of lion Stall bas treated as filed on the
<br />date omwidch it is filed (in accordance with subsection (ill after
<br />the expiration of such rattling period
<br />(2) Place For FUG. — A notice of Iien refried
<br />during the required reflling period shat; fie effective only
<br />(A) if.
<br />(it such notice of lien is rallied in the office in which the
<br />prior notice of lien was filed, and
<br />(it) In the case 01 real proatmy . the fact of refilmg 1s
<br />entered and recorded in an index to the extant rcgmred by
<br />subsaction it) 111, and
<br />i6) in any case in which, 90 days a, mo,e pile, to me date
<br />of a rehling at notice of lien under sutparagwoh IA), the
<br />Ssoreary received written informed" (m the mannel
<br />proscribed In regulations team by the secretary)
<br />comerni a charge M the axeqyer's realialm, a a tmtlee
<br />of such It" to also filed in accerdmod with subsection (f) In
<br />the Sate in who such rak-m is rowed.
<br />(3) Rgquind RefNnp._ Perbd. — in the caw
<br />of any mile of Ilen, fie arm "required raffling p,rlod" moms -
<br />(A) the one-year period ending 30 days after the expiration
<br />of 6 years after the date of the assessment of Me tax, and
<br />(B) the one- ywrpoleMhg with the expiration are years
<br />other the claw of the preco" required seating period for
<br />such noftnf t o." -. -
<br />Sec. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />(a) Re1NN 01 Lin. — subiod to such
<br />regulations as the Secretary may prescribe, the Secretary shall
<br />Issue a certificate of release of any lien Imposed with respect to
<br />any Internal revenue ax not (star than 30 days after the day on
<br />which -
<br />(1) Liability Satisfied or lheMorceable - The Secretary
<br />finds mat the liability for the amount assessed, together with all
<br />Into so In respect thereof, has been fully satisfied or has
<br />become legally unenforceable; or
<br />(2) Bond Accepted - There Is furnished to the Secretary and
<br />"led by him a bond that Is conditioned upon the payment of
<br />the amount assessed. together with all Interest In respect
<br />thereof, within the time prescribed by law (including any
<br />extension of such time), and that is in accordance with such
<br />requirements relating to terms, conditions. and form of the bond
<br />and suratha thereon, as may be specified by such regulations.
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns ane+ Return In-
<br />formation.
<br />(k) Whelowe of Certan Returns and
<br />Return information For Tax Administration
<br />Purposes. �
<br />(2) Disclosure of amount of outstanding lien - If a notice of
<br />lien has been fled pursuant to seem 6323ffi. the amount of the
<br />cutsia ^A: ^g obngatmn secured by s-h Ilan may be disclosed to
<br />any person who furnishes satisfactory written evidehce that he
<br />has a right in the property subject to such lien or Intands to
<br />obtain a right in such properly
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<br />(2) Still of Property SoW To Lion - For purposes 91
<br />paragrapna (t) and (a), property shall be deemed to be ettustad-
<br />(A) food Property - In the on of real properly, at fie
<br />physical bcseon: or
<br />(B) Personal Property - In tie case at win not property,
<br />whether tangible or Int"ble, al the reatdsnce of the
<br />taxpayer at the time de notice of men Is filed.
<br />For purposed of parpreph R) M.%rediNnp of a corporation
<br />or parbers)Ip shall be deemed to be the plow at which the
<br />uMaipai executive ofIr" of the business Is located. and the
<br />resldenca Of a taxpayer whose rwldem is without the Ikdsd
<br />Sates shall be do mad to be In the Distinct of Columba
<br />(3) Form - The Term and content of the r -
<br />retmad to m subdettion (a) shelf be pr�r by Ole
<br />Secretary. Such notice shelf be valid noMlthatantlhg any
<br />other provision of law regarding the form of content of a
<br />notice of lien.
<br />Note: See section 6323(b) for protection for
<br />certain interests even though notice of lien
<br />imposed by section 6321 Is filed with respect
<br />to:
<br />1. Securities
<br />2. Motor vehicles
<br />3. Persona) property purchased at retail
<br />C Personal prop" purchased in casual sale
<br />S. Personal property subjected to possessory lien
<br />S. Mal property tax and petal assessment liens
<br />7. Residential property eubject to a mechanic's
<br />lien for certain repairs and Improvements
<br />e.
<br />Attorne y slims
<br />9. certain insurance contracts
<br />10 Passbook loans
<br />(g) RefNftillf Of Notim. — For purposes of this
<br />section -
<br />m General Ruffle. — Unless notice of lien is relifed in
<br />the manner prescribed in paragraph (2) during the required
<br />reliling period, such notice of lion Stall bas treated as filed on the
<br />date omwidch it is filed (in accordance with subsection (ill after
<br />the expiration of such rattling period
<br />(2) Place For FUG. — A notice of Iien refried
<br />during the required reflling period shat; fie effective only
<br />(A) if.
<br />(it such notice of lien is rallied in the office in which the
<br />prior notice of lien was filed, and
<br />(it) In the case 01 real proatmy . the fact of refilmg 1s
<br />entered and recorded in an index to the extant rcgmred by
<br />subsaction it) 111, and
<br />i6) in any case in which, 90 days a, mo,e pile, to me date
<br />of a rehling at notice of lien under sutparagwoh IA), the
<br />Ssoreary received written informed" (m the mannel
<br />proscribed In regulations team by the secretary)
<br />comerni a charge M the axeqyer's realialm, a a tmtlee
<br />of such It" to also filed in accerdmod with subsection (f) In
<br />the Sate in who such rak-m is rowed.
<br />(3) Rgquind RefNnp._ Perbd. — in the caw
<br />of any mile of Ilen, fie arm "required raffling p,rlod" moms -
<br />(A) the one-year period ending 30 days after the expiration
<br />of 6 years after the date of the assessment of Me tax, and
<br />(B) the one- ywrpoleMhg with the expiration are years
<br />other the claw of the preco" required seating period for
<br />such noftnf t o." -. -
<br />Sec. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />(a) Re1NN 01 Lin. — subiod to such
<br />regulations as the Secretary may prescribe, the Secretary shall
<br />Issue a certificate of release of any lien Imposed with respect to
<br />any Internal revenue ax not (star than 30 days after the day on
<br />which -
<br />(1) Liability Satisfied or lheMorceable - The Secretary
<br />finds mat the liability for the amount assessed, together with all
<br />Into so In respect thereof, has been fully satisfied or has
<br />become legally unenforceable; or
<br />(2) Bond Accepted - There Is furnished to the Secretary and
<br />"led by him a bond that Is conditioned upon the payment of
<br />the amount assessed. together with all Interest In respect
<br />thereof, within the time prescribed by law (including any
<br />extension of such time), and that is in accordance with such
<br />requirements relating to terms, conditions. and form of the bond
<br />and suratha thereon, as may be specified by such regulations.
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns ane+ Return In-
<br />formation.
<br />(k) Whelowe of Certan Returns and
<br />Return information For Tax Administration
<br />Purposes. �
<br />(2) Disclosure of amount of outstanding lien - If a notice of
<br />lien has been fled pursuant to seem 6323ffi. the amount of the
<br />cutsia ^A: ^g obngatmn secured by s-h Ilan may be disclosed to
<br />any person who furnishes satisfactory written evidehce that he
<br />has a right in the property subject to such lien or Intands to
<br />obtain a right in such properly
<br />a
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