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IN <br />d <br />l l <br />1 <br />1 <br />i <br />bomW From Internal Remus Code <br />Sec. 6321. Lien For Taxes. <br />If my parson laete to pay any tax neglects or refuse$ to <br />pay Bra SIM alter nmerr0, the amount (including any htW. <br />OK addlNsosi amount, addition to tax, or sumable penaNy, <br />OWO *181 any MM eat may Kura In addition thereto) <br />00 be a Ian M fever of we tMW State upon an property <br />end right to Initially. whooer real or personal, belonging <br />to so pvmn <br />Sec. 6322. Period Of Lien, <br />lhrtem anatirer dab Is IpKNkaNy fixed by law, the lion <br />fmposed by NOW OKI $half ante at the time the se"I smelt <br />IS note and Nall con inw until the lability for the amount so <br />named (or a )trdgtttenf against the taxpayer arising out of <br />such 1WIRy) Is satisfied or become unenforceable by reason <br />of lase N time. <br />Sec. 6323. Validity and Priority Against <br />Certain Persons. <br />(a) PurdlieWs, Holders Of Searity In• <br />tereete, Mechenic'e Llenors, And Judgmt <br />UN Creditors. — The lion Imposed by Section 8321 shall <br />net be vaNd m against any purchaser, holder of a security <br />MWIK meanank'$ limor, or judgment Ilan creditor until notice <br />#Woof which meets the requirements of subsection (U has <br />been Sled by fed Secretary. <br />m Place For Filling Nola; Form: <br />(1) Place For Filing - The notice referred to in sub - <br />sachem (a) shall be filed - <br />(A) UrMa State Laws <br />(1) Real Property • In the case of real property. in one <br />office within the State (or the county, or other governmental <br />subdlvblo(y, as designated by the laws of such State. In <br />wWthe 9110 ty'wbject to the lien is situated: and <br />(it) Personal Property - In the case of personal <br />P(DWY. whether tangible or intangible, in on# office <br />within the State (or the county, or other governmental <br />subdivision), as designated by the laws of such State, <br />In which Ina property subject to the lien is situated. <br />or <br />(9) With Clerk Of District Court - In the off,ce of the clerk of <br />the United States district court for the ludlcral district in which <br />the property subject to lien is situated, whenever the State has <br />Ten bylawdesignated one office which meets there$;;.: ­,,s of <br />subparagraph (A). or <br />(C) With Recorder Of Deeds Of The District 01 Calurnb <br />the affix at tic Recorder of Dads of the District of Columba f <br />the Property subject to the lien a S.N.11i1,, ,n •,.• D <br />Columbia <br />(2) Site Of Property Sub" To LIN • For WPM of <br />paragraphs if) and (4), property shall be deemed to be situated - <br />(A) kw PF"" • In the cm of to pmptrty, at m <br />physical bdgbn; or <br />(8) Personal property - in the ease N personal property, <br />whether tanolble or Intwplble, it the hesitance of the <br />taxpayN at the time the nano of hen Is file. <br />For purposes of paragraph (2) (•). Be rmlNnce N a corporation <br />or partnership shall be deems to be IM place at which the <br />Principal executive offlas of we business Is located, and ON <br />rssiden0e of a taxpayer whole residence Is without the United <br />State anal) be deemed to be Mere District of Columbia. <br />(3) Form The form and content of the notice <br />referred to In subsection (a) shall be prowled by ilm <br />Secretary. Such notice shall be valid notealthstandilg 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 Ilen <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 />5. Personal property sui4ected to possessory lien <br />0. Real property tax and &Will assessment liens <br />I. Residential property subject to a mechanic's <br />Ilan for cerialn repairs and improvements <br />e. Aftaney'e lien <br />9. Certain Insurance contracts <br />10. Passbook loans <br />(o) Refilling Of Notice. — For purposes of this <br />section - <br />(i) General Rule. — unless notice of lion is felled 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 />date Ovwhlch It is filed On accordance with subsection (p) after <br />the expiration of such rolling period <br />(,21 Place For Filing. — A notice of uen refried <br />during Inc required refilling period shall be effective only - <br />rA) If . <br />(ij such notice of lien is refried in the office in soh,Ch the <br />prior notice of lien was :tied. and <br />bif in the case of real property . the fact of relhng is <br />entered and recorded in an index to the extern reawred by <br />subsettron It) 14). and <br />,8', :n any case m wh,cr,, 90 days or more pnor to the date <br />of a rehhng of route of lien under subparagraph (A). the <br />Sim" romlwa wMt1x1' woo"" (a the mom)sr <br />prescribed M regulations Issued by ON Seersbry) <br />eon"i a d" M tie faxiewo reslance, R a raw <br />of wain It" In Nero "led buadsmawlm#ubasallon M In <br />the Stab In which such rpasoce Is acebd. <br />(3) Rail" no" Petded. — in tea son <br />of any noes of Ian, the term "required rNNMg period" mopes - <br />(A) the ohe•ynr period Mating 30 day# after the expiration <br />of 8 years after ON dab of the sun~ of the tan, end <br />(e) theohe •yerpanod"gwhhMsexplM"ofSyaro <br />after the close N the preceding rpufred rNNnq period for <br />such notice of lien. <br />Sec. 6325. Release Of Lien Or <br />Discharge Of Property. <br />(a) Release Of LIN. — su*ct to such <br />regulations as the Secretary may proscribe, the Secretary shall <br />Issue a certificate of release of any Ian Imposed with respect to <br />any inf- <br />ernal revenue tax not later than 30 days after the day on <br />which <br />(1) Liability Satisfied or Unenforceable - The Secretary <br />finds that the liability for the amount ass rsud, together with all <br />Interest In respect thereof, has boon fully satisfied or has <br />become legally unenforceable: or <br />(2) Bond Accepted- There It furnished to the Secretary and <br />accepted by him a bond that Is conditioned upon the payment of <br />the amount aslesed, together with all Interest In respect <br />thereof, whbin 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 won regulations. <br />Sec. 6103, Confidentiality and Dis- <br />closure of Returns and Return In- <br />formation. <br />(k) DltdfWtt of Certain Returns end <br />Return Information For Tax Administration <br />Purposm - <br />(2) Disclosure of amount of outstanding lien. -It a notice of <br />lien has been filed pursuant to section 6323(1). the amount 01 the <br />outstanding obligation secured by such lien may be disclosed to <br />any person who lumishes satisfactory written evidence that he <br />has a light in the property subject to such lien or intends to <br />Obtain a rignl m such propety <br />in <br />EnPrarladi <br />ax f�R9rttntlleM i�y <br />� �� <br />87-' <br />z <br />f'J illiv <br />�,r3nt' � <br />Inc at . -^ <br />P <br />s <br />(2) Site Of Property Sub" To LIN • For WPM of <br />paragraphs if) and (4), property shall be deemed to be situated - <br />(A) kw PF"" • In the cm of to pmptrty, at m <br />physical bdgbn; or <br />(8) Personal property - in the ease N personal property, <br />whether tanolble or Intwplble, it the hesitance of the <br />taxpayN at the time the nano of hen Is file. <br />For purposes of paragraph (2) (•). Be rmlNnce N a corporation <br />or partnership shall be deems to be IM place at which the <br />Principal executive offlas of we business Is located, and ON <br />rssiden0e of a taxpayer whole residence Is without the United <br />State anal) be deemed to be Mere District of Columbia. <br />(3) Form The form and content of the notice <br />referred to In subsection (a) shall be prowled by ilm <br />Secretary. Such notice shall be valid notealthstandilg 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 Ilen <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 />5. Personal property sui4ected to possessory lien <br />0. Real property tax and &Will assessment liens <br />I. Residential property subject to a mechanic's <br />Ilan for cerialn repairs and improvements <br />e. Aftaney'e lien <br />9. Certain Insurance contracts <br />10. Passbook loans <br />(o) Refilling Of Notice. — For purposes of this <br />section - <br />(i) General Rule. — unless notice of lion is felled 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 />date Ovwhlch It is filed On accordance with subsection (p) after <br />the expiration of such rolling period <br />(,21 Place For Filing. — A notice of uen refried <br />during Inc required refilling period shall be effective only - <br />rA) If . <br />(ij such notice of lien is refried in the office in soh,Ch the <br />prior notice of lien was :tied. and <br />bif in the case of real property . the fact of relhng is <br />entered and recorded in an index to the extern reawred by <br />subsettron It) 14). and <br />,8', :n any case m wh,cr,, 90 days or more pnor to the date <br />of a rehhng of route of lien under subparagraph (A). the <br />Sim" romlwa wMt1x1' woo"" (a the mom)sr <br />prescribed M regulations Issued by ON Seersbry) <br />eon"i a d" M tie faxiewo reslance, R a raw <br />of wain It" In Nero "led buadsmawlm#ubasallon M In <br />the Stab In which such rpasoce Is acebd. <br />(3) Rail" no" Petded. — in tea son <br />of any noes of Ian, the term "required rNNMg period" mopes - <br />(A) the ohe•ynr period Mating 30 day# after the expiration <br />of 8 years after ON dab of the sun~ of the tan, end <br />(e) theohe •yerpanod"gwhhMsexplM"ofSyaro <br />after the close N the preceding rpufred rNNnq period for <br />such notice of lien. <br />Sec. 6325. Release Of Lien Or <br />Discharge Of Property. <br />(a) Release Of LIN. — su*ct to such <br />regulations as the Secretary may proscribe, the Secretary shall <br />Issue a certificate of release of any Ian Imposed with respect to <br />any inf- <br />ernal revenue tax not later than 30 days after the day on <br />which <br />(1) Liability Satisfied or Unenforceable - The Secretary <br />finds that the liability for the amount ass rsud, together with all <br />Interest In respect thereof, has boon fully satisfied or has <br />become legally unenforceable: or <br />(2) Bond Accepted- There It furnished to the Secretary and <br />accepted by him a bond that Is conditioned upon the payment of <br />the amount aslesed, together with all Interest In respect <br />thereof, whbin 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 won regulations. <br />Sec. 6103, Confidentiality and Dis- <br />closure of Returns and Return In- <br />formation. <br />(k) DltdfWtt of Certain Returns end <br />Return Information For Tax Administration <br />Purposm - <br />(2) Disclosure of amount of outstanding lien. -It a notice of <br />lien has been filed pursuant to section 6323(1). the amount 01 the <br />outstanding obligation secured by such lien may be disclosed to <br />any person who lumishes satisfactory written evidence that he <br />has a light in the property subject to such lien or intends to <br />Obtain a rignl m such propety <br />in <br />