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<br />Excerpts from Internal Revenue Code
<br />Sec. 6321. Lien For Taxes.
<br />N arty Well Ilstes to pay any to naglom or fetus" to
<br />pay the scents afar dame it fed amount (Including any inW-
<br />aU sddlg"ai tmw^ addition to tax. or a"""ble re ody,
<br />"Worn wfM any CM etst may aexxw In add:504 014.)
<br />"I be a Ian In flow of Sts Un1Md ataM open all prOpwfy
<br />and Aside to anger 1. wlheeaw fast or peroonst, belonging
<br />to such Weasi.
<br />Sec. 6322. Period Of Lien.
<br />Unless SMUwr Oats to Speeif cafty fixed by isw, tin lion
<br />imposed by HOon 6725 Shelf Sri" at tin time the a""amMl
<br />Is moo and "I Mmoue unfit tin liability for tin amount so
<br />aaaaued (or a Judgment against tin taxpayer arising out of
<br />liall tappityl a Satisfied of becomes unsnforceabie by reason
<br />of 1*0 of taw.
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />to Purehmee, NekNrs Of Ssaetty In-
<br />Man�e/b�.,.�Mee�hmW$ L MN% And Judgment
<br />Lien CiredlNrs. — Tha S" imposed by section gait shell
<br />M1�Wt be � valid as agNnit "y pwch"er. Wider, of a *# wily
<br />nnwpt, rMOWniCs IleMr, or JW4 t ii" creditor until Mbq
<br />L%Mf which moats tin requirements of subsecb" If) has
<br />boon flied by eve secretary
<br />to Plea For Filing Notice; Form. —
<br />(1) Place For Filing . The notice fitted tom suo-
<br />oscoon (A) shim a fluid -
<br />(A) Under Stan law
<br />(1) Rail property - in the case at real property in one
<br />office within ins Sate (0r The courtly or other governmental
<br />subOplsiool.;aa designated by the laws of such Statt . in
<br />which ins property subject to the lion is situated aid
<br />(it) Persona! property - in the case of personal
<br />property, whather tangible at intargI in oM off
<br />within the State nor the county or other governmemm
<br />eabdivis:onl, as designated by the laws Qf such State.
<br />m which tin property subject to cite I:" is situatea
<br />or
<br />(R) With Clark Of District Court in tin cKcr of me care a!
<br />tin United states district court for ins ludicia Mille! m wnc1
<br />the property subject to lien is situated wr.ene.er Ire S!a'e rat
<br />its fly isw deLignatedOM Ontel rrMah malls tne•It'd.: _.
<br />Subparagraph tAl. of
<br />(0 With Recoder, 01 OWs th 1ne 041,1 it .n
<br />ins i$rtKe of ins Rewdef Of GeeOe 0i IM Gistr.[t p: Go,..T=sa .t
<br />ins property il'blecr to ins �� , %rsssl .` .
<br />colwnbia.
<br />I
<br />(2) 5ftus C Pro" 5uleject To Lion - For purposes of
<br />paragraphs (1) and 14), property shall be doomed to be situated -
<br />(A) fast hoperty, - In the Baas of MI propspy, At Its
<br />phy►kal Nation; or
<br />(B) Personal Property - In the (plea Of pweonai property.
<br />whethor tangible or intangible, at the Mildwice of the
<br />taxpayer at the time Unit notice of ham 1$ filed.
<br />hr purgo"e of parpnph (2) (5), Sue model of a corporation
<br />or Partnership WWII be doomed to be M place at which the
<br />principal executive of ko of We business to looatsd. and ibe
<br />resdwrce of a taxpayer who" r"Idellbs is without tin United
<br />stain shall be deamed to be in that District of Columbia.
<br />(11 Form • TM room aid codent of the nom
<br />rot" to in subowlon (a) shaff be prescribed by tin
<br />Secretary . Such notice than be valid Mhwlmsfardlng arty
<br />otbeA prov!sion of law regarding fed form or content of a
<br />"two of hen.
<br />NON: 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 />i. Securities
<br />2 mater vMiclss
<br />3 Personal property purchased at nail
<br />A Personal property purchaked in ducal axle
<br />5 Persdnaj property Bowed to possessory lien
<br />e Real property tae m•1 special ""esment irons
<br />7 Resaontial property subject to a mechanic's
<br />lien for certain repairs and imphovements
<br />a AWrrmy's Urns
<br />9 Certam insurance contracts
<br />Passbook loans
<br />lot Ref ling Of Notice. — For purpose, of this
<br />sect:an -
<br />General Rule. — Unless nonce of lien is refired in
<br />the manner prescribed in paragraph (2) during the required
<br />re!ibng period such educe or Len Wit be treated as filed on the
<br />date orr, which 4 is filed I in accordance with subsection fill after
<br />tin exp,rebon of such raising period
<br />Place For Filing. — A notice 01 refired
<br />during CU iecaned Wiling period "ml one effective "iy -
<br />A:,r.
<br />such notice of hen is rehieol the office in which the
<br />orror n"hce of hen was Hied and
<br />11 in Ise case of real property !fie !act a! rehLng le
<br />ss -- -fie recorded i^ an :lase is the evtent ieo,ued by
<br />}.nactcr .. :1i I-e
<br />E I an y Lase f W n,cn iZT as yi ilr mn: a prim is the date
<br />C' a reiir:ng ct notice Is ,na, s"parag,ph (A1_ the
<br />IN
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<br />secretary received written Information (in the moaner
<br />prescribed In regutatlons Issued by :he Secretary)
<br />aoncers a change In tbe taxpeyer s rseldsnpe, It a notice
<br />of such lien to also filed In accordance with Subsection (n In
<br />the State In which oucii rpldena is looted.
<br />(3) Required Refilling Period. — In the cis. of any notice of If ", IM arm "required refibng period" means
<br />(A) the one -year period "ding 30 days after the expiration
<br />of a years afar the date of the assessment of the tax, and
<br />(B) the one -year period ending with the expiration file years
<br />afar the close of this phu lnp required refilling period for
<br />such rwtlq of fl".: -
<br />Sec. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />(a) Relew Of Lien. — subject to Such
<br />regulations as the Secretary may prescribe, the Secretary shall
<br />Issue a cartificeta of reloaai of any II" Imposed with MOW to
<br />any Internal revenue tax not later than 30 days Mr the day on
<br />which -
<br />(tl Liability Satisfied or Unenforceable - The Secretary
<br />finds that the liability for the amount aseassed, together with all
<br />Interest in respect thereof, has bon fully satisfied or has
<br />become legally unenforceable; or
<br />W Boa Accepted -Thar$ is furnished to the Secretary and
<br />accepted by him a bond that Is conditioned upon tin payment of
<br />the amount asessed, 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 totaling to terms, conditions. and form at the bond
<br />and sureties thereon, as may be specified by such regulations.
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return in-
<br />formation.
<br />1k) Disclosure of Certain Returns and
<br />Return Informitlon For Tax Administration
<br />Pur)ose!. —
<br />f2i Disclosure of amount of owsianding her -II a notice of
<br />hen has been filed pursuant to seciton 6323(f), the amount of the
<br />outstanding obligation secured by such hen may be dsclosed to
<br />any person ono fmisshes satisfactory written evidence that he
<br />has a fight in the property subject to such lien or intends to
<br />obtain a right in Such property
<br />W
<br />Fnte-reld as D,ocumetrtt NO
<br />I
<br />.Qeee
<br />Numerical
<br />to
<br />'E7 JI f PH 3� 24
<br />S
<br />,
<br />(2) 5ftus C Pro" 5uleject To Lion - For purposes of
<br />paragraphs (1) and 14), property shall be doomed to be situated -
<br />(A) fast hoperty, - In the Baas of MI propspy, At Its
<br />phy►kal Nation; or
<br />(B) Personal Property - In the (plea Of pweonai property.
<br />whethor tangible or intangible, at the Mildwice of the
<br />taxpayer at the time Unit notice of ham 1$ filed.
<br />hr purgo"e of parpnph (2) (5), Sue model of a corporation
<br />or Partnership WWII be doomed to be M place at which the
<br />principal executive of ko of We business to looatsd. and ibe
<br />resdwrce of a taxpayer who" r"Idellbs is without tin United
<br />stain shall be deamed to be in that District of Columbia.
<br />(11 Form • TM room aid codent of the nom
<br />rot" to in subowlon (a) shaff be prescribed by tin
<br />Secretary . Such notice than be valid Mhwlmsfardlng arty
<br />otbeA prov!sion of law regarding fed form or content of a
<br />"two of hen.
<br />NON: 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 />i. Securities
<br />2 mater vMiclss
<br />3 Personal property purchased at nail
<br />A Personal property purchaked in ducal axle
<br />5 Persdnaj property Bowed to possessory lien
<br />e Real property tae m•1 special ""esment irons
<br />7 Resaontial property subject to a mechanic's
<br />lien for certain repairs and imphovements
<br />a AWrrmy's Urns
<br />9 Certam insurance contracts
<br />Passbook loans
<br />lot Ref ling Of Notice. — For purpose, of this
<br />sect:an -
<br />General Rule. — Unless nonce of lien is refired in
<br />the manner prescribed in paragraph (2) during the required
<br />re!ibng period such educe or Len Wit be treated as filed on the
<br />date orr, which 4 is filed I in accordance with subsection fill after
<br />tin exp,rebon of such raising period
<br />Place For Filing. — A notice 01 refired
<br />during CU iecaned Wiling period "ml one effective "iy -
<br />A:,r.
<br />such notice of hen is rehieol the office in which the
<br />orror n"hce of hen was Hied and
<br />11 in Ise case of real property !fie !act a! rehLng le
<br />ss -- -fie recorded i^ an :lase is the evtent ieo,ued by
<br />}.nactcr .. :1i I-e
<br />E I an y Lase f W n,cn iZT as yi ilr mn: a prim is the date
<br />C' a reiir:ng ct notice Is ,na, s"parag,ph (A1_ the
<br />IN
<br />X
<br />19
<br />secretary received written Information (in the moaner
<br />prescribed In regutatlons Issued by :he Secretary)
<br />aoncers a change In tbe taxpeyer s rseldsnpe, It a notice
<br />of such lien to also filed In accordance with Subsection (n In
<br />the State In which oucii rpldena is looted.
<br />(3) Required Refilling Period. — In the cis. of any notice of If ", IM arm "required refibng period" means
<br />(A) the one -year period "ding 30 days after the expiration
<br />of a years afar the date of the assessment of the tax, and
<br />(B) the one -year period ending with the expiration file years
<br />afar the close of this phu lnp required refilling period for
<br />such rwtlq of fl".: -
<br />Sec. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />(a) Relew Of Lien. — subject to Such
<br />regulations as the Secretary may prescribe, the Secretary shall
<br />Issue a cartificeta of reloaai of any II" Imposed with MOW to
<br />any Internal revenue tax not later than 30 days Mr the day on
<br />which -
<br />(tl Liability Satisfied or Unenforceable - The Secretary
<br />finds that the liability for the amount aseassed, together with all
<br />Interest in respect thereof, has bon fully satisfied or has
<br />become legally unenforceable; or
<br />W Boa Accepted -Thar$ is furnished to the Secretary and
<br />accepted by him a bond that Is conditioned upon tin payment of
<br />the amount asessed, 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 totaling to terms, conditions. and form at the bond
<br />and sureties thereon, as may be specified by such regulations.
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return in-
<br />formation.
<br />1k) Disclosure of Certain Returns and
<br />Return Informitlon For Tax Administration
<br />Pur)ose!. —
<br />f2i Disclosure of amount of owsianding her -II a notice of
<br />hen has been filed pursuant to seciton 6323(f), the amount of the
<br />outstanding obligation secured by such hen may be dsclosed to
<br />any person ono fmisshes satisfactory written evidence that he
<br />has a fight in the property subject to such lien or intends to
<br />obtain a right in Such property
<br />W
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