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<br />Excerpts From InNrnel Revenue Code
<br />Sec. 6321. Lien For Taxes.
<br />it any person !,able 10 pay any tax neglects Or 'eluSCS to
<br />pay the same alter demand. the amount hnCluomg Inv meet
<br />Cal, additional amount addition to fair . or assessable penalty
<br />trit"r with any costs Mat may accrue to addition Ihetet0l
<br />snit be a lien to favor of the Unded States upon all property
<br />and :Igntt to property yieieMer rear or personal pelonginq
<br />to such person
<br />Sec &322. Period Of Lien.
<br />Unless another pale is soeUhcauy fixed by law. Toe iien
<br />Imposed Dy sec Ida, IV I shall a „se at the time the aSSts5mM1
<br />is made ono span Connmje until the haoday to, the. amount so
<br />assl=c ;:1 a !udgmcnl against the farpaver ansmg out a1
<br />such hob•!: ty S SaIlSfied er "Comes uhes101Ceable by reason
<br />01 lapse 11 ;'!ht
<br />Sec. 6323 Validity and Priority Against
<br />Certain Persons.
<br />,al Purchaser's, Holders 01 Security In-
<br />terests. Mechanic's Lienors. And Judgment
<br />Lien Creditors. — The fien,moosed by seul0n6321 Shall
<br />not be valid as against any purchaser holder of a securely
<br />,Merest . mocha me s tiena, a, !udgmenl hencred,to, until na,c,
<br />thereof which mea5 The regu„ements of SAWIS). If '1x5
<br />been ided or the Secretary
<br />ail Place For Filing Notice; Form. —
<br />11, %ace For F,:Ihg The notice referred 10 ,n 5.0
<br />section iaf snap oe Inca
<br />(AI Undo state La.s
<br />(i7 Real Property In the case at real property in one
<br />office within The Slalem, The county Of OttieTgovefnrnentat
<br />subdry,S,Or of designated by the laws 01 Such Stale in
<br />wfldh the piopeny subject to me hen is situated and
<br />!In Personal Properly In le case of personal
<br />properly whiffle, tangible o' intangible in One -trice
<br />wtlmn the Stale tot IM county . of other gavti M!enlal
<br />Subdls„ SIOni -as designated by the laws of such Stale
<br />in which the Property 101ec1 to 'rte lien Is s4traled
<br />o'
<br />I/I With Clee 010,st -1 Ceull m trio oftrtc o! me Uerk of
<br />die United Stain district court lot the judicial o,stn_I in which
<br />Me property s.t"W to hen is SOUaled whenever the State has
<br />lye by law designated one Office which meets the reOuiltnNVils Of
<br />SuCpe,agTaph iAI o1
<br />eel With Recorde, N bet I ” "'v D sr,c• 0' COiumb +A In
<br />The emce or the Ii at Feed, of me 01111 v V 11 r olumma '
<br />Ine property subject to the lien rs srtualed •r. the DIS1110 a,
<br />Columbia
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<br />121 Sdus of Pfoperey Su01e0r to Lien - for purposes or
<br />paragrdDns UipnO fa' D,oOe'ty Sndlt rte dotted tO Ct stuafeo
<br />iAl Real Property hi The case Of teal prOge'ly al n5
<br />Physical location. 01
<br />18t Personal Property In the case 01 perSOnat properly.
<br />.nether !A%1it or unang'ble at the residence of the
<br />taxpayer at the time The notice of hen is "tee
<br />For purposes of paragraph t2) 181 the reside ice of a corporation
<br />dr pactnershlp snail be deemed to he the 01ACe at which me
<br />principal executive office of the ousmess is located and the
<br />resdence of a Taxpayer whose resider Ce 1% *,moul the United
<br />States shall be oeemed !o De in the O,sincl o! Columbia
<br />;3!Form In, 10— aril content of 'he notce
<br />refe^ed 10 ^. Subsection (a: snail be prncr,bed, by The
<br />Secretary Such notice shah be valid nolwnnslandmg any
<br />other provision a' !a* •egdtdlrg the 1011 er content a! a
<br />notice at lien
<br />Note: See section 6323(b) tar exceptions to a
<br />valid notice of lien imposed by section 6321 with
<br />respect to:
<br />i Securities
<br />2 Motor YehlCies
<br />3 Personal property purchased at retail
<br />4 Personal property purchased in casual sale
<br />Personal property subjected to possessory lien
<br />6 Rea property tax and special assessment hens
<br />' Residential property subject to a mechanic s
<br />lien for certain repairs and improvements
<br />8 Attorney s liens
<br />9 Certain insurance contracts
<br />10 Passbook loans
<br />,g, Railing Of Notice. — F.' ...poser That
<br />50atib.
<br />;t Genera Rule. — on!is5 insist: ,th is rclted ;r
<br />the marine, p'escn0ed in paragraph 4, do^nq the i.gulrc0
<br />'el,lingpen00 such notice of lien shad be, � rd!ra ashledon the
<br />date oh w Cn I is Iaednn acct dance w- s,ln -1 01,h, alte,
<br />the Crp,fallon of such rehhng peno0
<br />121 Place For Filing. — A notice of hen railed
<br />during the required 11111,ng period Shell: ht C,terl,vP erly
<br />;At .1
<br />•, such rOhee a, pen 5 "hied ;n the Mfi[r •n whnh+nt
<br />.tics 01 lien was filed and
<br />n;, in Ile Case of teat D,Ope,IV The tact Of ,1110rig 'S
<br />enlered no 1N 0e0 ,h an anal. le !air ertem 1lau, la pY
<br />Subsection ,, 14; d,,C
<br />R, ir. any Ca St .n .ri<n 90 Oa YS .1 m.'e 011.1 le Inv date
<br />pin t relunp .f mice of 11 under rubpartgrapn IA). the
<br />IN
<br />Santry vice.." wndIM ,lMptllylyn:IM. Rte; OarlMe.,
<br />prescribed m Iegulahons Issued by the Secretary!;
<br />concern"a change in the laapayas resMence, llahphcC
<br />of such lients also filed M accordance fnhsubsectionff l ill
<br />the State in which such residence Is located
<br />Im Rewired RWM" iPerilt.= lwayaaee
<br />ofany, notice of Ron Rifler "reduced ieldlnp PUMCMS M-
<br />,Al the one'year period ending 30 days after Me empwatyn
<br />of 6 vears after me date of the assessment of the lax. and
<br />i 81 The one -'RU period ending Will the eApiratitin of 6 years
<br />after the close of the preceding featured ref ling pefiOd for
<br />such notice al lien
<br />Sec. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />1a: Release 01 Lien. — Subject to such
<br />regulations as The Secretaty may prescript the Secretary shall
<br />issue a certificate of release Of any hen imposed with respect to
<br />any internal revenue far not later than 30 days after the day on
<br />wn¢h
<br />,1; Liability Satisfied as Unenforceable the Secretary
<br />Imds that tilt haDihfy t0f the amount assessed. Together with all
<br />- nfe,esn in respect thereof has been fully sa:,shed 01 has
<br />nefohre legally unenforceable o,
<br />2,Bond ACcepled the,e,sturmshedlolhe SeCfefaryand
<br />accepled Oy him a bond Thal is conditioned upon thellaymenl oT
<br />-he amount assessed together wain all interest in respect
<br />!neseef *thin the time press ibed 1)r law !including any
<br />exlens,On of such lilt! and that is in accordance with Seth
<br />'e Ou,rements relating TO Terms co^dllfOnS and term Of the bold
<br />and wratin thereon, a may be stratified by such regulations.
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />., Disclosure of Certain Returns and
<br />Return Information For Tax Administration
<br />Purposes. — .
<br />',21 8lsclosure of —ow of outsfa'W,hg lien It a notice of
<br />hen has peen !lied pursuant la section 6323+f1 the amount of the
<br />e."land mg Obbg alah ♦ . -plea by such Imp may be disclosed to
<br />any person who lurmsnes sahslaclol y.,,Iran evidence that v
<br />has a ,qnl in !rte p'ope11y s abject to such ben o, i111"s Id
<br />ubla,n a i -qhl ;c such 01o0e11Y
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