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W N, her Y Oe r 0 re Excerpt From Internal Reventa Code Sec. 6321. Lien For Taxes. M airy person it" to pay arty to neglects or muses to psy iM same arbor demand, the amount (Including any InM- 9K aldfeonal amount, adman to tax, or a ssube penalty. Upsetter with any meta that may accrue in addition fhamo) so be a 1Nn M States upon of the United S upon all pro" Writ Vast to property. wMBrei rid or personal, belonging to such parson. Sec. 6322. Period Of Lien. Unless anothat ate Is specificalty fixed by law, the Ilan Impeesd by section 6321 stall arise at the time the assesamem Is mss and aide continue until the [!&Witty for the amount so assesad (or a {udgmam agakwt the taxpayer arising out of such Newly) ly) a ousted of betxmne uneMorculals by reason Of 1pee of the. Sec. 6323. Validity and Priority Against Certain Persons. W Pwoheaars, Hamm Of SeC1Mgl In- Mregs, 11116dian 'e Lienore, And Judgment Lion CrreditOfe. — The no imposed by section m21 shalt cal be valid a against any purmaar. holder at a security base metsnudc's Iener, or Judgment lien creditor until notice DWIM whim metals the requirements of subsection in has bean gad by the Secretary. to Plaice For Ring Noft Form, (1) Race For Filing - The notice referred to in sub - sactlat (al shall be Oted - (A) Under State Laws (f) Real Property - In the case of real property, in one office wimn 1heSlsta (orthe county, or other governmental subdivision), as designated by the laws of such State. in which the property subject to the Ilan Is situated; and IN) Personal Property - In the Casa of personal property, whether tangible or Intangible, in one office within the State (or the county, or other governmental subdivision), as designated by the laws of such State. In which the property subject to the lien is situated: or (8) With Clerk Of District Court - In the office of the clerk of the United States district court for the judicial district in which the property subject to lien Is situated, whenever the State has net by law designated oneomicewhich meets the requirements of subparagraph 1A), or (C) with Recorder Of Deeds Of The District Of Columbia - In the office of the Recorder of Deeds of the District of Columbia. if the property subject to the lien is situated in the District of Columbia. p E�n7tered !�t I3arxfm ®nt f�la. $7.... Gr%If.LUi C P f ( 141iva( l67 i;' +1I 10 C I (2) Slide Of Property Subject To Lien - For purposes of paragraphs (1) and (U. property shelf be deemed to be situated - (A) Real Property - in fed can of real property, at Its "pea:location: or (B) Personal Property - In IN cue of personal property, whether Wpibe or Intangible. at the rNkana of the taxpayer at the time the notice of fen is filed. For purposes of paragraph (2) (8), the raosna of a corporation of partnership shall be demad to be the piece at which the principal executive otnce of the business Is located. and the MOM of a taxpayer whose residence Is without the United States shall be deemed to be in the District of Columbia. (31 Form - The tam and content of the notice hefts, to In subsection (a) shall be pm er" by on - Secretary. Such notice shag be valid notwithstanding Wry other pro talon of law regarding the form or content of a notice at lint. 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 at retail x. Personal property purchased in casual ale 5. Personal property subjected to possessory lien 6. Real property tax and special assessment liens 7. Residential property subject to a mechanic's Ilan for certain repairs and Improvements S. Attorney'& hens B. Certain Insurance contracts 10. Passbook loans (g) RefNing Of Notice. — For purposes of this section - (1) General Rule.— Unless notice of lien is renled In the manner prescribed in paragraph (2) during the required rattling period, such notice of lien shall be treated as flied on the date orrwhich it is filed (in accordance with subsection (0) after the expiration of such raffling period. (2) Place For Filing. — A notice of lien rallied during the required rattling period shall be effective only - (A) it - (i) such notice of lien is rattled in the office in which the prior notice of lien was filed, and (it) in the case of real property, the tact of rehlmg is entered and recorded in an index to the extent required by subsection 10 (4). and (B) in any case in which. 90 days or more prior to the date of a railing of notice of lien under subparagraph (A), the 1 IIC Secretary received written Information (In the mamter prescribed in regulations Issued by the Ssttatary) concerning a change in the taxpayals ruwm, if a now of such lion Is also reed In accordance with subsection (Q M ew State In which such residence Is located. (3) RaFMd Ralillir►g Parlod. — in the cast of arty notice of Ian, the term "rerMdnd noting g paod" mum - (A) the one-year period ending 30 aye after the expiration of 6 years after ON data of the aaxament of the tax. and (B) the one- yearptriod ending wheh theexpinten aid years aldr the close of the preceding required tening Period for such notice of Ilan. Sec. 6325. Release Of Lien Or Discharge Of Property. (a) Release Of Lien. — subect to sum regulations as the Secretary may prescribe, the Secretary shall Issue a arllficale of relay of any Ile imposed whet respect to any internal revenue tax not later than 30 days after the day on which - (1) Liability Satisfied or Unenforceable - The Secretary ends that the liability forthe amount assessed, together with all Interest In respect thereof, has been fully Satisfied or no become lega0y unenforceable: or 12) Bond Accepted - Then is furnished to the Secretary and accepted by him a bond that Is conditioned upon the payment of the amount assessed, together with all Iithereat In respect thereof, within the time prescrlbed by law (Including any extension of such time), and that Is in accordance with such requhmmerds relating to terms, conditions, and form of the bond and sureties thins! n, as may be specified by such regulations. Sec. 6103. Confidentiality and Dis- closure of Returns and Return In- formation. (Ice Disclosure of Certain Returns and Return Information For Tax Administration Purposes. — (2) Disclosure of amount of outstanding lien. - II a notice of lien has been filed pursuant to section 5323(1), the amount of the outstanding obligation secured by such hen may be disclosed to any person who furnishes satisfactory written evidence that he has a right in the property subject to such lien or intends t0 obtain a right in such property. r rn p