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<br />NJ
<br />Entered as Docunnotmii No,,
<br />03320
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<br />Excerpts From internal Revenue Code
<br />121 S-IuS Of Property SlItnect! To hen For purposes of
<br />Secretary received vorriten niffateloo. miumer,
<br />Pa'ag'aPASIllandlill property Shall" deemed to he S'lirairld
<br />proscribed in regulaliconS issued by The Secretary)
<br />Sec. 6321. Lien For Taxes.
<br />(AI Real NOPIrIV 16 the cast Of real Property, at its
<br />concefroinga Changlif its the taxpayer's residence. Itaftortice
<br />physic: location, of
<br />of such lion is also tiled in accordance vi subsechom0lin',
<br />If any person lost"# to pay any Iar neglects or refuse$ to
<br />101 Personal Property In the Case of personal property,
<br />the State In which Such residence Is located
<br />Day the same after demand fee amount including any inter
<br />wnether tangible or onlarig,ble at the residence of the
<br />ii aft 119nal amount addition to tax or assessable penalty,
<br />taxpayer at the time Ine notice of lien. is filed
<br />together with any Cost$ that May accrue, in addition thetelly)
<br />For purposes at paragraph j2) jet the res,denceola corporation
<br />Of Aspired RWHing Period. — in thecoriet
<br />$fit" be a lien in favor Of the United States upon all property
<br />of p3lotntrShno shall be delivered 10 tie the Place at which the
<br />of any notice allied threflorm -required lording Petard' norriffires.
<br />add rights 10 tontliplity. WhiffW fell 01 personal belonging
<br />PlifiCIDAI executive Office of the business Is located and the
<br />(A) the One-year period ending 311dairsafter, tillyethroperislitin
<br />to such person
<br />residence of a taxpayer whose residence is without the United
<br />or 6 years after the date of the assessment of the far, and
<br />Sec. 6322. Period Of
<br />States Shall be deemed to be in The District of Columbia
<br />181 the one-year period ending with meexpdationalS years
<br />Lien.
<br />131 Form - The form and content of the notice
<br />aller the close or the preceding required lefiling period for
<br />Unless anclifteit date is specifically fixed by law role lien
<br />refereed to in sutStdfnqcr lall shall be prescribed by the
<br />such notice at fien+
<br />:mPOW by 'echo" W1 shall arise at the frontline assessment
<br />Secretary Such notice shall be valid notwithstanding any
<br />Sec. 6325. Release Of Lien Or
<br />s made and shall continue until fire liability for the amount so
<br />assessed for a judgment against the taxpayer loosing out of
<br />Other provision of law regarding the lolm Go content a' a
<br />notice of bac
<br />Discharge Of Property.
<br />such liability) is Satisfied of becomes unenforceable by reason
<br />I., Release Of Lion. — subject to
<br />ad lapse of time
<br />Note: See section 6323(b) for exceptions to a
<br />such
<br />regulations as the Secretary may prescribe the Secretary shall
<br />Sec. 6323. Validity and Priority liligainst
<br />valid notice of lien imposed by section 6321 with
<br />issue a certificate at release of any lien imposed with respect to
<br />respect to:
<br />any internal revenue tax not later than 30 days after the day on
<br />Certain Persons.
<br />which
<br />A) Purchoser's, Holders Of Security In-
<br />I Securities
<br />2. Motor vehicles
<br />Lill So listed or UnionforceaNe the Secretary
<br />torests. Mechanic's Lioners. And Judgment
<br />3. Personal property purchased at retail
<br />j,c1s:1
<br />hat The liability for the amount assessed together vrahall
<br />nf,Fesl
<br />LW Creditors. — The lien ,onposed by section 6321 shall
<br />4 Personal property purchased in casual sale
<br />on respect thereof has been fully satisfied a, his
<br />not IN valid as against any purchaser holder of a security
<br />5. Personal property subjected to possessory lien
<br />become legally unenforceable or
<br />1218orrolACCepled There,slutnishedtothtSecfetaryarM
<br />meth imic s Ifenot or judgment lien creditor until notice
<br />6. Real property lax and special assessment lions
<br />accepted by him a bond that is conditioned upon the payment of
<br />interest
<br />hilifillil which meets the 'requirements Of Subsection III has
<br />T. Residential property subject Ma mechanic's
<br />The amount assessed together with all Interest in respect
<br />and filed by the Secretary
<br />lien for certain repairs and improvements
<br />lhemot within the time are s' all by law (including any
<br />(h Place For Filing Notice; Form.—
<br />It
<br />Attorney's liens
<br />9 certain insurance contracts
<br />extension of such ],met and scr' ."N such
<br />that is "' accordance
<br />lefluvemenis relating to terms, cartel form
<br />10. Passbook loans
<br />and of the toand
<br />"I place For Filing The notice referred to in sub
<br />and surritnev thereon, as may be specified by such regulations.
<br />.,,an fill sear be filed
<br />(4) Under State Laws
<br />(9, Refiling of Notice.
<br />Sec. 6103. Confidentiality and Dis-
<br />(11 A", PrOWly - In mr, Use of real properly, in one
<br />Section
<br />closure of Returns and Return In-
<br />.nice ..thin the Slalt (Or the county Grolier governmental
<br />oil General Rule. — Unless
<br />formation.
<br />$.Movisiom as designated by the laws of such State, in
<br />whicro,itlie propel subject to the lien is situated, and
<br />the manner prescribed in paragraph 121 during the required
<br />folding period such nonce of lien shall be treated as filed on the
<br />oleo of Certain Returns and
<br />(u) Pfostiionll Property In the cast of personal
<br />dale on which ,l ssttledlin accordance won 5joseci,on(t)iabet
<br />.41sclosure
<br />Return Information For Tax Administration
<br />property whether Tangible of intangible in one office
<br />the expiration of such frilling period I
<br />Purposes.
<br />wrom the State 'or the county. of other governmental
<br />f2i Place For Filing. — A notice at ow,o
<br />--
<br />a d", al
<br />sum ...soon, - 5 ir., led by the laws at such Slate
<br />during the required lefflong period Shall be effective only
<br />121 Disclosure of amount of outslarool" lien Ilarmliceof
<br />on .111ch tile property subjecl to the lien is situated.
<br />or
<br />lien hasbeelo pursuant to Section 6323(0. the amount oche
<br />M.*klh Clerk OtOtslr,ctCourl In the office ol the clethot
<br />W such notice of hen is refdod,- The ofl.cq,n which the
<br />outstanding obligation Snorted by such lien maybe disclosed to
<br />the United Starts district court for the judicial district in which
<br />prior notice of lien was filed and
<br />any person who furnishes satisfactory written evidence that he
<br />me sillooloo "W 10 hen is situated whenever the Stale has
<br />for I on 'he case at real ilorooirrly the lacl at fehhng is
<br />has a fight in the property subject to such lien of intends to
<br />141 by lawn espnateOMt office which ."Is the "Quivorrojellsof
<br />entered and recorded in an ,ndr,i to the extent tiquifed by
<br />obtain a fight in such property
<br />Subparagraph IA) or
<br />subticio. 111141 a,,it
<br />ICI With lit"co'do" Of Deeds Of The District Of Columbia in
<br />let in any cast which 90 daloso, mo•e alias to the date
<br />the office of the Recorder of Deeds of the Dlslf-cl of Columbia I
<br />of I, rfrid,ng of notice of lien under 1,hparograph IA). the
<br />Ilyk property 'ab"'I TO the fit, is squaleo 11 the Doslficl of
<br />Columbia
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