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<br />Exce" From internal Revenue Code
<br />Sec. 6321. Lien For Taxes.
<br />it My person liable to pay any tax n igiftie or refuses to
<br />Pay Use Hme after demand, the amount (Including any Inter -
<br />eet, addlUOnel amount, a0tlon to tax, or assessable penalty,
<br />ftOW with any the serf may accrue In addition thereto)
<br />shell be a lien M laver of the tfelled States upon all property
<br />and flights to property, whether real or personal, belonging
<br />to rich person.
<br />Sec. 6322. Period Of Lien.
<br />UrhM another date Is specifically fixed by law, the Ilan
<br />Imposed by sec'eon 6321 shall arise at the time the asseument
<br />Is made and shall continue until the liability for the amount so
<br />assessed (a rluOpn am apoYNt the taxpayer arising out of
<br />NO liability) is sNldlNd or becomes unenforceable by reason
<br />of lapse of ems.
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />w PwcAe�s, Holders of Security in-
<br />NnNt, ftledardeys LWWM And Jut nenl
<br />Lkn Creldlf0m — The hen imposed by section 11321 scan
<br />net be valid see. apainet any purchaser, holder of a security
<br />Interest, mechou t'a Hall or judgment lien creditor until notice
<br />thereof which meals On requirements of subsection (11 has
<br />been filed by the Secr,mv"..
<br />(o Place For Filling Notice; Form, —
<br />p) Place For Filing - The notice referred to in sub.
<br />section (a) shall be filed -
<br />(A) Under State Laws
<br />(I) Real Property - In the case of real property, in one
<br />office within the State for the county, or other governmental
<br />subdivision), n designated by the laws of such State, in
<br />which thii property subject to the hen is situated; and
<br />(il) Personal Property - In the case of persona;
<br />property. whether tangible or intangible. in one office
<br />within the State (or the county, or other governmental
<br />subdivision), as designated by the laws of Such State .
<br />in which the property subject to the lien is situated.
<br />or
<br />(11) With Clerk Of District Court -In the eifte of the clerk of
<br />IKe United Slates district court for the judicial drstnct fir, which
<br />the property subject to lien's s;tualed 'whenever the stale lid;
<br />not bylaw designated one office which meets the regc, „ -.e -t, c!
<br />subparagraph (A), or
<br />(C) With Recorder Of Degas 01 'he 0101,0 Jf Gtr
<br />IheoMce of the Recorder of Deedsof the District of Columba d
<br />the property subject to the lien -; ro,iled in • -c 7 cP ;I of
<br />Columbia..
<br />(2) Situ% Of Property Subject To Lien - For purposes of
<br />paragraphs (1) and (a), property shall be doomed to be sltuated-
<br />(A) Real Property - In the cue of real property, at its
<br />physical location; or
<br />(B) Personal Property - In the wee of personal property,
<br />whether tangible or Intangible, at the rnldence of the
<br />taxpayer at the time the notice of Ilan is filed.
<br />For purposes of paragraph (Z) (0), the residence of a corporation
<br />or partnership shall be deemed to be the place at which the
<br />principal executive office of the business Is located, and the
<br />roldence, of a taxpayer whose tesldence Is without the United
<br />States shall be deemed to be In the Dlerct of Columbia.
<br />(3) Form - The form- and content of the -notice
<br />retorted to In subsection (a) shall be prescribed by the
<br />Secretary. Such notice shall be valid notwlthstanding any
<br />other provision of law regarding the form or content of a
<br />notice of Ilan. --
<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. Motorvehcle$
<br />3. Personal property purchased at retail
<br />e. Personal property purchased In casual sale
<br />5. Personal property subjected to possessory lien
<br />S. Real property . tax and special assessment liens .
<br />7 Residential property subject to a mechanic's
<br />lien for certain repairs and Improvements
<br />S. Attorneys liens
<br />9. Certain insurance contracts
<br />10 Passbookloans
<br />Ill Raffling Of Notice. — For purposes of this
<br />section -
<br />It) General Rule. — unless notice of hen Is reflled in
<br />the manner prescribed in paragraph (2) during the required
<br />reldmg period, such notice of reh shall be treated as filed on the
<br />date on which d is riled Im accordance wit* subsection If after
<br />the expiration of such refilling period
<br />(2) Place For Filing. — A nonce of hen rallied
<br />during the required feflmg period shall be efleclve only
<br />Al d-
<br />such nonce of hen is relied rn the office ,n which the
<br />prior notice of lien was filed, and
<br />tin in the case of neat propery the fact If retd;ng Is
<br />entered and retarded in an �nc,x to me ii. e:il .,ru ,ed by
<br />sobsechon If) tai, and
<br />-0; in any case m whroh, 9b: eye Ur n, r,.re grit to Inc dale
<br />bf a telling of nance o' 6es under subparap;aph fA), the
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<br />Secretary received written Information (in the manner
<br />prescribed In regulations Issued by the Secretary)
<br />concerning a change In the texpayar's residence, if a notice
<br />of such lien Is also filed In accordance with subsection (1) In
<br />the State in which such residence Is located.
<br />(3) Required Refiffing Period. — In the case
<br />of any notice of lien, the term "required refilling period” means -
<br />(A) the one-year period ending 30 drys after the expiration
<br />of 6 years after the date of the eunsment of the tax, and
<br />(8) the one -year period ending with the expira0onof6years
<br />after the close of the preceding required refilling period for
<br />such notice of lien.
<br />Sec. 6325. Releasa Of .. Lien Or
<br />Discharge Of Property.
<br />(a) Ra /
<br />tasse Of Meet. — Subject. to such
<br />regulations as the Secretary may prescribe, the Secretary shall
<br />Issue a certificate of release of any Ilan imposed with respect to
<br />any Internal revenue tax net later than 30 days afar the day on
<br />which -
<br />(1) Liability Satisfied or Unenforceable - The Secretary
<br />finds that the liability for th ► amount assessed, together with all
<br />Interest in respect thereof, has been fully satisfied or has
<br />become legally unenforceable: or
<br />12) Bond Accepted - Therelsfurnished to the Secretary and
<br />accepted by him a pond that is conditioned upon the payment of
<br />the amount assessed, together with all Interest in respect
<br />thereof, within the time prescribed by IoW: (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 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 />(k) Disclosure of Certain Relurns and
<br />Return Information For Tax Administration
<br />Purposes. —
<br />(2) Disclosure of amount of oulstancicg hen - If a notice at
<br />lien has been filed pursuant to section 6323(1), the amount of the
<br />outstanding obligation secured by such lien may be disclosed to
<br />any person who furnishes satisfactory written evidence that he
<br />has a right in the property sobtect to such !;en of intends to
<br />obtain a right in such property
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