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<br />Exce" From Internet Revenue Code
<br />Sec. 6321. Lien For Taxes.
<br />If any person liable to pay any tax neglects or atuses to
<br />pay the came after demand, the amount (Including any Inter -
<br />eN, additional amount, addition to tax, of associable penalty,
<br />topeewr with arty costa thet may Kern In addition thersi
<br />shell be a INN In favor of the United Static upon all property
<br />AM rights to property, whether real or personal, belonging
<br />ta wen pereon.
<br />Sec. 6322. Period Of Lien.
<br />Union erwtller,date Is Specifically fixed by law, the Ilan
<br />Imposed by section 6521 shall arise at the time the assessment
<br />la mace and shtdl Co illmus OR the liability lot the amount so
<br />seemed (or a Wlgmenit agalfwt the taxpayer arising out of
<br />such liability) is satisfied or becomes unenforceable by reason
<br />of law of time. .
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />(a) Purchmes, Holders Of Security in-
<br />tension Mled►udc's Llenora, And Judgment
<br />Lion Credra. — The lien imposed by section 6321 shall
<br />not be valid w against any purchaser, holder of a security
<br />Interest, mechanic's INner, or judgment lien creditor until notice
<br />theracf which meets the requirements of subsection (0 has
<br />been fled by the Secretary.
<br />(o Place For Filing Notice, Form,
<br />It) Mace For Filing - The notice referred to in sub.
<br />section (a) shall be filed -
<br />(A) Under State Laws
<br />(t) Real Property - in the case of real property, in one
<br />office within the State (or the county, or other governmental
<br />subdivision). as designated by the laws of such State, in
<br />which me property subject to the lien is situated: and
<br />(if) Personal Property - In the case of personal
<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 Ilan is situated:
<br />or
<br />(B) With Clark Of District Court in the office of the clerk of
<br />the United States district court for the judicial district in which
<br />the property subject to lien is situated. whenever the State has
<br />not by law designated one office which meets the regwamenls of
<br />subparagraph (A), or
<br />(C) With Recorder Of Deeds Of The District Ot Calumb :a In
<br />theoftics of the Recorder of Deeds of the District of Columbia. it
<br />the property subject to the lien is situated in the District of
<br />Columbia.
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<br />fnffarod 6,a 111ncum•nt No,
<br />87— "1 ; ) 1 s I � 10
<br />I
<br />r-
<br />Exce" From Internet Revenue Code
<br />Sec. 6321. Lien For Taxes.
<br />If any person liable to pay any tax neglects or atuses to
<br />pay the came after demand, the amount (Including any Inter -
<br />eN, additional amount, addition to tax, of associable penalty,
<br />topeewr with arty costa thet may Kern In addition thersi
<br />shell be a INN In favor of the United Static upon all property
<br />AM rights to property, whether real or personal, belonging
<br />ta wen pereon.
<br />Sec. 6322. Period Of Lien.
<br />Union erwtller,date Is Specifically fixed by law, the Ilan
<br />Imposed by section 6521 shall arise at the time the assessment
<br />la mace and shtdl Co illmus OR the liability lot the amount so
<br />seemed (or a Wlgmenit agalfwt the taxpayer arising out of
<br />such liability) is satisfied or becomes unenforceable by reason
<br />of law of time. .
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />(a) Purchmes, Holders Of Security in-
<br />tension Mled►udc's Llenora, And Judgment
<br />Lion Credra. — The lien imposed by section 6321 shall
<br />not be valid w against any purchaser, holder of a security
<br />Interest, mechanic's INner, or judgment lien creditor until notice
<br />theracf which meets the requirements of subsection (0 has
<br />been fled by the Secretary.
<br />(o Place For Filing Notice, Form,
<br />It) Mace For Filing - The notice referred to in sub.
<br />section (a) shall be filed -
<br />(A) Under State Laws
<br />(t) Real Property - in the case of real property, in one
<br />office within the State (or the county, or other governmental
<br />subdivision). as designated by the laws of such State, in
<br />which me property subject to the lien is situated: and
<br />(if) Personal Property - In the case of personal
<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 Ilan is situated:
<br />or
<br />(B) With Clark Of District Court in the office of the clerk of
<br />the United States district court for the judicial district in which
<br />the property subject to lien is situated. whenever the State has
<br />not by law designated one office which meets the regwamenls of
<br />subparagraph (A), or
<br />(C) With Recorder Of Deeds Of The District Ot Calumb :a In
<br />theoftics of the Recorder of Deeds of the District of Columbia. it
<br />the property subject to the lien is situated in the District of
<br />Columbia.
<br />I
<br />fnffarod 6,a 111ncum•nt No,
<br />(2) Sinus Of Property Subi To lien - For purpoaee of
<br />paragraphs (1) and (e), property shall be deemed to W situatad-
<br />(A) Real Property - In the caw of real property, at Its
<br />physics; location: or
<br />(B) Persona; Property - In me caw of personal property,
<br />whether tangible or Intangible, at the residence of the
<br />taxpayer at the time the notice of Ilan N filed.
<br />For purposes of paragraph (2) (B), the residence of a corporation
<br />or partnership shall be dwmed to be the plea at which the
<br />principal executive of les at the business Is located, and the
<br />residence of a taxpayer whose residence Is without the United
<br />States shall be damad to be In the District of Columbia.
<br />(3) Form - The form, and, content of the notice
<br />referred to in subsection (a) - shall be prescribed by the
<br />Secretary. Such notice shall be valid notwithstanding any
<br />other provision of law regarding . the form or, 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. Personal property purchased at retail
<br />4. Personal property purchased in casual sale
<br />S. Personal property subjected to possessory lien
<br />6. Real property tax and special assessment liens
<br />7. Residential property subject to a mechanic's
<br />lien for certain repairs and Improvements
<br />e. Attorney's Iiens
<br />S, Certain insurance contracts
<br />10. Passbookloans
<br />(g) Refilling Of Notice. — For purposes of this
<br />section -
<br />(n General Rule. — Unless notice of lien is refiled In
<br />the manner prescribed in paragraph (2) during the required
<br />refiling period. such notice of lien shall be treated as filed on the
<br />dale omwhlch it is filed (in accordantewith subsection (fl) after
<br />the expiration of such refiling period.
<br />(2) Place For Filing. — A notice of hen refiled
<br />during the required refiling period shall be effective only -
<br />(al d-
<br />such notice of lien is refiled in the office in which the
<br />prior notice of lien was filed, and
<br />(ii) in the case of real property, the fact of telling is
<br />entered and recorded in ar. Index to the extent lequ,red by
<br />subsection If) (4), and
<br />(B) in any case in which. 90 days or more prior to the date
<br />of a rellling of notice of lien under subparagraph (A), the
<br />i
<br />Secreary received written Information (In the fronner
<br />proscribed In regulations Issued by the Secretary)
<br />concerning a chaega In the texpaysYs raldlem, if a notice
<br />of such Ilan Is also filed In accordance with subsea on 10 In
<br />the Stab In which such raldoli is boated.
<br />(3) Required Refsing Period. — in the can
<br />of any notice of Ilan, the term "required refiling period" means -
<br />(A) the one -year period ending 3o days after the expiration
<br />of B years after the data of the aaasement of the tax, and
<br />(B) the one -year period ending with theexpiration off years
<br />after the clog of the preceding required refiling period for
<br />such notice of lion. --
<br />Sec. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />(a) Release Of U". — SAW to such
<br />regulations as the Secretary may prescribe, the Secretary shall
<br />Issue a collects of release of any Ilan Imposed with respect to
<br />any Internal revenue tax not later man 30 days after the day on
<br />which -
<br />(1) Liability Satisfied or Unenforceable - The Secretary
<br />finds that the liability for the amount assessed, together with all
<br />Interest 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 />accepted 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 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 Returns and
<br />Return Information For Tax Administration
<br />Purposes. —
<br />(2) Disclosure of amount of outstanding ben. - If a notice of
<br />hen has been filed pursuant to section. 6323(r), the amount of the
<br />oulstandin0 obligation secured by such lien may be disclosed to
<br />any person who furnishes satisfactory written evidence that he
<br />has a nghl in the properly subject to such hen or intends to
<br />obtain a right In such property
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<br />87— "1 ; ) 1 s I � 10
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<br />'U7 v! I- 27
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<br />(2) Sinus Of Property Subi To lien - For purpoaee of
<br />paragraphs (1) and (e), property shall be deemed to W situatad-
<br />(A) Real Property - In the caw of real property, at Its
<br />physics; location: or
<br />(B) Persona; Property - In me caw of personal property,
<br />whether tangible or Intangible, at the residence of the
<br />taxpayer at the time the notice of Ilan N filed.
<br />For purposes of paragraph (2) (B), the residence of a corporation
<br />or partnership shall be dwmed to be the plea at which the
<br />principal executive of les at the business Is located, and the
<br />residence of a taxpayer whose residence Is without the United
<br />States shall be damad to be In the District of Columbia.
<br />(3) Form - The form, and, content of the notice
<br />referred to in subsection (a) - shall be prescribed by the
<br />Secretary. Such notice shall be valid notwithstanding any
<br />other provision of law regarding . the form or, 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. Personal property purchased at retail
<br />4. Personal property purchased in casual sale
<br />S. Personal property subjected to possessory lien
<br />6. Real property tax and special assessment liens
<br />7. Residential property subject to a mechanic's
<br />lien for certain repairs and Improvements
<br />e. Attorney's Iiens
<br />S, Certain insurance contracts
<br />10. Passbookloans
<br />(g) Refilling Of Notice. — For purposes of this
<br />section -
<br />(n General Rule. — Unless notice of lien is refiled In
<br />the manner prescribed in paragraph (2) during the required
<br />refiling period. such notice of lien shall be treated as filed on the
<br />dale omwhlch it is filed (in accordantewith subsection (fl) after
<br />the expiration of such refiling period.
<br />(2) Place For Filing. — A notice of hen refiled
<br />during the required refiling period shall be effective only -
<br />(al d-
<br />such notice of lien is refiled in the office in which the
<br />prior notice of lien was filed, and
<br />(ii) in the case of real property, the fact of telling is
<br />entered and recorded in ar. Index to the extent lequ,red by
<br />subsection If) (4), and
<br />(B) in any case in which. 90 days or more prior to the date
<br />of a rellling of notice of lien under subparagraph (A), the
<br />i
<br />Secreary received written Information (In the fronner
<br />proscribed In regulations Issued by the Secretary)
<br />concerning a chaega In the texpaysYs raldlem, if a notice
<br />of such Ilan Is also filed In accordance with subsea on 10 In
<br />the Stab In which such raldoli is boated.
<br />(3) Required Refsing Period. — in the can
<br />of any notice of Ilan, the term "required refiling period" means -
<br />(A) the one -year period ending 3o days after the expiration
<br />of B years after the data of the aaasement of the tax, and
<br />(B) the one -year period ending with theexpiration off years
<br />after the clog of the preceding required refiling period for
<br />such notice of lion. --
<br />Sec. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />(a) Release Of U". — SAW to such
<br />regulations as the Secretary may prescribe, the Secretary shall
<br />Issue a collects of release of any Ilan Imposed with respect to
<br />any Internal revenue tax not later man 30 days after the day on
<br />which -
<br />(1) Liability Satisfied or Unenforceable - The Secretary
<br />finds that the liability for the amount assessed, together with all
<br />Interest 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 />accepted 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 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 Returns and
<br />Return Information For Tax Administration
<br />Purposes. —
<br />(2) Disclosure of amount of outstanding ben. - If a notice of
<br />hen has been filed pursuant to section. 6323(r), the amount of the
<br />oulstandin0 obligation secured by such lien may be disclosed to
<br />any person who furnishes satisfactory written evidence that he
<br />has a nghl in the properly subject to such hen or intends to
<br />obtain a right In such property
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