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.4 i N I 106815 Excwpk From Internal Retfertue Code Sec. 6321. Lien For Taxes. it any parson liable to pay any tax neglects or refusal to !pay the acme afar demand, the amount (including any inter. let, additin i amount. addition to tax, or assessable penalty, esgetlrer with any torts that may accrue in addition thereto) eaa8 be a Ian M favor of the United States upon all property and rights to property, whether real or personal. belonging to tfach persim. Sec. 6322. Period Of Lien. Unless Bother data in Specifically fixed by law, the lion :mpged by saodon 6321 shall arise at the time the asggnflellt le math and shall continue will the liability for the amount so auened (or a judgment against the taxpayer arising out of such ]"lily) is satisfied or becomes unenforceable by reason of Will Of time. Sec. 6323. Validity and Priority Against Certain Persons. w Purchwes, Holden Of Security In- kf$dk Mer:hanlc'a Llenon, And Judgnant Lied CradNM — The Ilan Imposed by section C21 shall felt N valid u against any Purehaesr, holder of a security thnraet. mechanic's lienor, or judgment IIM creditor until notice "WOW which " ests Will the raquiremtots of subsection In has b filed by the Secretary. in Plat ie For FIRnp Notice; Form. — It) Plan For Filing - The notice referred to in sutr section (a) shall be filed - (A) Under State laws (1) RCM Property - In the case of real property, in one 0" within the State (or the county, or other governmental subetetsion), as deslgenled by the laws of such State, In wtekh the property subject to the lien is situated: art III) Personal Property - In the case of persona property, whether tangible or intangible, in one office within the State (or the county. or other governmental subdivision). as designated by Ins jaws of such State, in which the property subfect to the ben is situated; er (8) With Clerk Of District Court - In the office Or the Clerk at the Umted states district court for the judicial district in which the PrC"ny subject to hen is situated. whenever me State has holey law designated one office which meets the leouiremerts of subparagraph (A). or 1C) With Recorder Of Deeds Of The District DI Colambid In theaf f e, M the Recorder of Deeds of the District of Columma . it the eropeny suillect I, the hen is sdualed in In- D�:Ii,cf of :cnmrors r -fa 3 g _0 X m\// r Entered ale Docurnenl e 87--1. 7 L+ Grantor Grantee Num ) f) 10 51 (2) Shus Of Property Subject To Lien - For purpose of Paragraphs (1) and (&). property shall be deemed lobe situated - (AI Reed Property - In the can of real property, at Its physical location; or (8) Personal Property - M the Lies of peraonat property, whether tangible of Intangible, at file nishim of the taxpayer at the time the notice of lien is filed. For purposes of paragraph (2) (B), led residence of a conporstlen or partnership shall be desmad to be the place at which the principal executive office of IM business Is bated, and the ruW#m of a taxpayer whoa residence is without the uniked Stank &hail be deemed to be In the District of Columbia. (3) Form - The form and content of the notice referred to in subsection 1&) shall be pre,erlind by the Secretary. Such notice shah be veld notwithstanding any other provision of law regarding the form or coMem of a notice of lien. Note: See section 6323(b) for protection for certain interests even though notice of lien imposed by section 6321 is filed with respect to: 1. Securities 2. Motor vehicles 3. Personal property purchased ar retail t. Personal properly purcrased In casual sale S. Personal property subjected to possessory lien S. Real property tax and special ggs iment Iltos 7. Residential property subject to a mechanic's Ilan for certain reports and Improvements S. Alto May '3 lions 9. Certain Insurance contracts 10. Passbookloans (g) Refilling Of Notice. — For purposes of this section - (t) Genera Rule, — Unless notice of lien is rallied In the Tanner prescribed in paragraph (2) during the required refihng period. such notice of lien shall be treated as filed on the date an which it is tiled (in accordance with subsection (n) attar the expiration of such refiring period. (2) Plate For Fllkty. — A nonce of hen refired during the required refiring period shall be effective only - (A) d- (1) such notice at lien is folded in the office in which the prior notice of lien was fired. and fn) in the case of real property. IN fact at falling is entered and recorded in an index to the extent required by subsection (11 I /), and i61 in any case m which. 90 days or more prior to the date of a rending of notice of hen under subparagraph (Al. the X SU Mary received written IMortnaton (in the mama prescribed In regulations Issued by the Seers" concerning a Change In the taxpayer's in sldahoe, t a rmtce of such Ian it alto filed In accordance with subeectioe M M the State in which such resldata Is hem bed. (3) Required ReMUp Period. — In the can of any notice of Ian, the term "rWired rMlling porlod- fallen - (A) the on-yur period ending 30 days afar the expiration of 0 years after the date of the esesument of the tax, are (B) the one- year parlod ending with the expirationof6ynra after the close of the preceding required retiting period for such notice of lien. Sec. 6325. Release Of Lien Or Discharge Of Property. (a) Release Of UwL — subect to such regulations u the Secretary may prescribe, the Secretary Map Issue a cortificale of raises# of arty Ian imposed with respect to any internal revenue tax not late than 30 days offer fed day on which - (1) Liability Satisfied or U *ftrc* idle - The Secretary finds that the liability for the amount sesNeed, topetlwr with ate Intareat In respect thereof, has been fully eatlaf ed or has become legally unenforeable; or (2) Bond Accepted - Then Is it shad to the Secretary and accepted by him a bond that Is conditlomd upon the payment M the amount assigned, together with MI Ifenet in negaet Unroof. within the time presofibed by law (MNudlfg any extension of such time), and that Is In accordance with such raqulnfaeMS rotating to time. condtom, and form of the 6ofh0 and sureties thereon, as may be specified by suchagulatloen. Sec. 6103. Confidentiality and Dis- closure of Returns and Return In- formation. (k) Disclosure of Certain Rehm and Retum Information For Tex Adminbtratlon Purposes. — (2) Disclosure of amount of outstanding lien. - If a notice of lien has been filed pursuant to section 63no. the amount of the outstanding obligation secured by such Ilan may be disclosed to any person who furnishes satisfactory written evidence rat he has a right in the property subject to such lien or intends t0 obtain a right in such property . a r� jsi Mi