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<br />Excerpts From Internal Revenue Code
<br />Sec. 6321, Lien For Taxes.
<br />!I any person liable to pay any Tax neglects or refuses to
<br />Pay the same "It' demand. the amount uncludTng any inter -
<br />list .addr(ianal amour? addgfon m la. or assessable penalty
<br />together with any rests that may accrue m addition theretoI
<br />;hall De a I! Tell m lard, of the United States Loan all property
<br />ynd eights Io Properly wh~ real of personal bemngmg
<br />10 s•ucIT del scn
<br />Sec 6322. Period Of Lien.
<br />itn:ess adOtnel date is 30ecihcaliy hied br, laW Ine I -en
<br />1 mcc Sed fly section 6321 shall arse a! Ire Irme the assessment
<br />is made and Shag continue urw !tie i4b :bay for the amount so
<br />assessed 'or a I',dgm!nf agam5i the taapavet arising ouLot
<br />such Dab:Drvl .s sallihed or becomes nnenforcell by reason
<br />of lapse of Lint
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />;a. Purchaser's, Holders 01 Security in-
<br />terests, Mechanic's Lienorsr And Judgment
<br />Lien Creditors. — tae hen imposed by section rs32t shall
<br />Rol fie valid as against any purchaser nolaer of a seCUrgy
<br />ZIllesl mechanic s freno, of judgment hen creditor unwhotce
<br />:hereof which meets the requi,emeris 01 5uosTI r,, has
<br />beer. Tried by the Secfelary
<br />D Place For Filing Notice; Form. —
<br />ill Place FD, Ffnng The notice relerrea to in sub
<br />sKll On fat shall be riled
<br />(At Under Slate Laws
<br />(II Flea, Property in the case of teat properly m one
<br />ahrCe within the State for the county air other governmental
<br />subdivisions, as designated by the laws of such State . in
<br />which The property subject to the hen is squalor, and
<br />ice}. Per5011al Properly m the case at personal
<br />property whether Tangible of mlanglble in one office
<br />Width the Slate IOr the county . at other governmental
<br />subd-ston! Js designated by the taws of such State
<br />in wh¢h ?nt properly subject 10 the ben Is situated
<br />or
<br />(0 With Clerk Ot District court In the oh,ce of ine Uex of
<br />tM Uh led States district court lot the judicial district I, which
<br />this Prda ly subfeCl to lien s situated whenever the Slale has
<br />not by law designated tine office which m eels the rtquaemenls of
<br />subtfaraglaph(A) o,
<br />ICs With Recorder of Deeds Of the District at Columba in
<br />Ine Illicit of the Recorder of Deeds of Ine District 01 Cajum Dla
<br />rest pi Openly "Dlect to me hen is slualed In Ine 3isn.c' n'
<br />colunlofa
<br />121 S.Ius 01 Property Subledl To lien - Far purposes of
<br />paragraPns 111 andlal droperty Shan bedeemed to be situated
<br />tAi Real Property In the cast of real properly at its
<br />Physical location or
<br />181 Peesohal Property - in the case of personal ptoperty
<br />whether tangible of intanglbje at the residence of the
<br />ldxpaveIF at Ine rime the nonce of hen Is Ided
<br />For purposes of paragraph 121 fB) the residence of a corporation
<br />or par ihefshlp snail be dtemed TO be the place al whim the
<br />P —Cap,' executive Office of the bus ness Is located and Ine
<br />residence of a la, paver whose :eSlden[e i' wghoul The Ulried
<br />States shall be deemed !a De in 'tie D.stnci or Columbia
<br />131 FOrm t. ".E firm dnc .Onten! of Ine ionce
<br />refer,ed to ^ subsecllan '.3r snail be pfCSUrbed by the
<br />Secretary Such nonce Shan he valid - olwdnsland,ng any
<br />other piovrsmp of raw fegard,eq me form ar content of a
<br />,notice of hen
<br />Note: See section 6323(b) for exceptions to a
<br />valid notice of lien imposed by section 6321 with
<br />respect to:
<br />Securities
<br />!,rotor vehicles
<br />3 Persona: property purchased at retail,
<br />a Personal properly purchased In casual sale
<br />5 Personal property subjected to possessory hen
<br />6 Real property tax and special assessment liens
<br />Residential properly subjec! to a meChanlC's
<br />hen !or certain fepaus and Improvements
<br />B A!totl•.ey -s liens
<br />9 Certain Insurance r.ontracis
<br />10 Passbook loans
<br />IqI Wiling Of Notice. — F n1 p prpo,e, Ol lhi,
<br />section
<br />General Rule. — „riles: nofirp r' Ten Is fefned,n
<br />the marine, prestbed In 0 -9,aph �21 dor.ng me •pit uv ea
<br />I e Il Ting period such not ,, it pen Sndl: he vealeo x, Tded on the
<br />date on which I s Medlin dccc,dancr won 11L.11 r, it . alter
<br />the eapl(al'On Of such ,elumg period
<br />Q. Place For Filing. — A noose of lien lehled
<br />during the r,Qu -,ed fefibng period snarl Dir elleclrve Only
<br />Nl- such nOhCfr of hen �5 reflled �n ine niliCe IT, wnirh the
<br />onur nonce of lien was Wed and
<br />I m me case of real ofopery the lace o! retilmg Is
<br />enlefed and recorded In an mae. to the extent required by
<br />subsechcr, I!! ;al aim
<br />18, any 11 -1 wNth 90 days n: more prior to ine date
<br />or a I.W.ng o1 nonce of Len un , .bpar Tj,;l TAI, the
<br />Far
<br />sn'tiary received written miornlanon Tin ire marine
<br />Do SCllbed r r regulations ,sued by the Secretary)
<br />concerning a change in the taxpayer 5 residener q a nonce
<br />of such lien is also hied m accordance wlin subsection 1r In
<br />the State in which such residence is located
<br />131 Required Retiling Period. — in mesas r
<br />of any notice at hen the term "reatdred rehlmg period means.
<br />IAI the one year oenod ending 30 days after the expiration
<br />of 6 rears alter the date n? Ine Asses<mem at the lad and
<br />181 the one-year per ending war ire expiration of 6years
<br />alter the close of the preceding required ef,fmg attired lot
<br />Sc,n nOtlea of lien
<br />Sec. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />u; Release Of Lien. — subject to such
<br />regulations as the Secretary may oresc, de. the Seeretary shah
<br />Issue a certificate of ,,lea Se 01 any lien imposed wllh respect to
<br />any Internal revenue lax not later !had 3D pars alter Ine day on
<br />which -
<br />iI Llaoniiy Sa 1,1,11 0, Unenlorceable the Secretary
<br />finds In at the tiabild Inn The amount assessed. Together wdh all
<br />nle,est m respect thereof has been fully Satisfied of has
<br />become legally unentmceable ar
<br />Q! Bond Accepted ,nee Is lu'mined to the Secretary and
<br />aCcepfel by him a bond Thai is conditioned upon the payment of
<br />'rip amount assessed together won an interest in respect
<br />inereol wgnm ine time prescribed by law (including any
<br />extension of such Time) add Thal is in accordance with 511
<br />equ,remen!s relating to Iems conditions . and form of Ine bond
<br />and tureUea thereon, u may be specified by such regulations.
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />III) Disclosure of Certain Returns and
<br />Return Information For Tax Administration
<br />Purposes. -
<br />121 Disclosure of amount of outstanding iien 11 a notice of
<br />lien has been Ided oulsuam to section 6323rD ?tie amount of the
<br />nulstanding obligation secured by such lien may be disclosed to
<br />.Inv person who furnishes SdbslaClof y written evidence that tie
<br />has a fight In Ine properly sable" to such lien or intends to
<br />obtain a nghl In such property
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<br />121 S.Ius 01 Property Subledl To lien - Far purposes of
<br />paragraPns 111 andlal droperty Shan bedeemed to be situated
<br />tAi Real Property In the cast of real properly at its
<br />Physical location or
<br />181 Peesohal Property - in the case of personal ptoperty
<br />whether tangible of intanglbje at the residence of the
<br />ldxpaveIF at Ine rime the nonce of hen Is Ided
<br />For purposes of paragraph 121 fB) the residence of a corporation
<br />or par ihefshlp snail be dtemed TO be the place al whim the
<br />P —Cap,' executive Office of the bus ness Is located and Ine
<br />residence of a la, paver whose :eSlden[e i' wghoul The Ulried
<br />States shall be deemed !a De in 'tie D.stnci or Columbia
<br />131 FOrm t. ".E firm dnc .Onten! of Ine ionce
<br />refer,ed to ^ subsecllan '.3r snail be pfCSUrbed by the
<br />Secretary Such nonce Shan he valid - olwdnsland,ng any
<br />other piovrsmp of raw fegard,eq me form ar content of a
<br />,notice of hen
<br />Note: See section 6323(b) for exceptions to a
<br />valid notice of lien imposed by section 6321 with
<br />respect to:
<br />Securities
<br />!,rotor vehicles
<br />3 Persona: property purchased at retail,
<br />a Personal properly purchased In casual sale
<br />5 Personal property subjected to possessory hen
<br />6 Real property tax and special assessment liens
<br />Residential properly subjec! to a meChanlC's
<br />hen !or certain fepaus and Improvements
<br />B A!totl•.ey -s liens
<br />9 Certain Insurance r.ontracis
<br />10 Passbook loans
<br />IqI Wiling Of Notice. — F n1 p prpo,e, Ol lhi,
<br />section
<br />General Rule. — „riles: nofirp r' Ten Is fefned,n
<br />the marine, prestbed In 0 -9,aph �21 dor.ng me •pit uv ea
<br />I e Il Ting period such not ,, it pen Sndl: he vealeo x, Tded on the
<br />date on which I s Medlin dccc,dancr won 11L.11 r, it . alter
<br />the eapl(al'On Of such ,elumg period
<br />Q. Place For Filing. — A noose of lien lehled
<br />during the r,Qu -,ed fefibng period snarl Dir elleclrve Only
<br />Nl- such nOhCfr of hen �5 reflled �n ine niliCe IT, wnirh the
<br />onur nonce of lien was Wed and
<br />I m me case of real ofopery the lace o! retilmg Is
<br />enlefed and recorded In an mae. to the extent required by
<br />subsechcr, I!! ;al aim
<br />18, any 11 -1 wNth 90 days n: more prior to ine date
<br />or a I.W.ng o1 nonce of Len un , .bpar Tj,;l TAI, the
<br />Far
<br />sn'tiary received written miornlanon Tin ire marine
<br />Do SCllbed r r regulations ,sued by the Secretary)
<br />concerning a change in the taxpayer 5 residener q a nonce
<br />of such lien is also hied m accordance wlin subsection 1r In
<br />the State in which such residence is located
<br />131 Required Retiling Period. — in mesas r
<br />of any notice at hen the term "reatdred rehlmg period means.
<br />IAI the one year oenod ending 30 days after the expiration
<br />of 6 rears alter the date n? Ine Asses<mem at the lad and
<br />181 the one-year per ending war ire expiration of 6years
<br />alter the close of the preceding required ef,fmg attired lot
<br />Sc,n nOtlea of lien
<br />Sec. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />u; Release Of Lien. — subject to such
<br />regulations as the Secretary may oresc, de. the Seeretary shah
<br />Issue a certificate of ,,lea Se 01 any lien imposed wllh respect to
<br />any Internal revenue lax not later !had 3D pars alter Ine day on
<br />which -
<br />iI Llaoniiy Sa 1,1,11 0, Unenlorceable the Secretary
<br />finds In at the tiabild Inn The amount assessed. Together wdh all
<br />nle,est m respect thereof has been fully Satisfied of has
<br />become legally unentmceable ar
<br />Q! Bond Accepted ,nee Is lu'mined to the Secretary and
<br />aCcepfel by him a bond Thai is conditioned upon the payment of
<br />'rip amount assessed together won an interest in respect
<br />inereol wgnm ine time prescribed by law (including any
<br />extension of such Time) add Thal is in accordance with 511
<br />equ,remen!s relating to Iems conditions . and form of Ine bond
<br />and tureUea thereon, u may be specified by such regulations.
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />III) Disclosure of Certain Returns and
<br />Return Information For Tax Administration
<br />Purposes. -
<br />121 Disclosure of amount of outstanding iien 11 a notice of
<br />lien has been Ided oulsuam to section 6323rD ?tie amount of the
<br />nulstanding obligation secured by such lien may be disclosed to
<br />.Inv person who furnishes SdbslaClof y written evidence that tie
<br />has a fight In Ine properly sable" to such lien or intends to
<br />obtain a nghl In such property
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