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<br />Excerpts Fran Internal Revenue Code
<br />Sec. 6321. Lien For Taxes.
<br />"any persoo liaolt to pay any tax neglects Or refuses 10
<br />pay my Same after demaM me amount (Including any inter
<br />est adotional amount addition 10 tax of assessable Penally
<br />togeher wrtn any costs that may accrue in admnon sntretof
<br />stlall be a hen in favor of me United States uoon all property
<br />and noel to properly wheeta real art personal Delorpinp
<br />to such person
<br />Sec 6322. Period Of Lien.
<br />Unif$5 arothe, date 's specifically t. ci by law the hen
<br />:m Dosed by section M21 shah arise al in, f:lne the assessment
<br />A made and shall cQhll until the baDJdY to, !le amount so
<br />assessed Inn a ludgrtlent against the laxpayer arising out of
<br />s ucn Ila Olhtyl is sanshed or becomes unenlorcea Die by teaion
<br />y most or lime
<br />Sec 6373 Validity and Priority Against
<br />Certain Persons.
<br />.a Purchasers, Holders of SecorRy in-
<br />terests. Mechanics Lienors. And dudgmetd
<br />Lien Creditors. — .he Ile, imposes DV section 6R! small
<br />,Of be yAhd as .9411.151 any Purtnl5p nolet, M a secu:dy
<br />-'+rcl ell .,n Nn.c S!I o. o• "(19rnent l,encredIto, "Who lce
<br />lherto, m
<br />w r eets 'lit •eaurtemenls or suDSecnnnI ^_-
<br />:4t1 ' Ill Or ^Ine secle'a1;
<br />Place For Filing Notice; Form. —
<br />,I• Place For I,:N tilt notice Wetted ;o In .0
<br />,.,;an 111 snail be fete
<br />IA; Under Stale :awl
<br />b1 ItNI Properly in the case of real propealy In ant
<br />'Inc, .,thin the Slate lo, the tol,my Pl other governmental
<br />suDd,rls,onl as dtS,gnaltd oy the Ia.$ of Such State In
<br />which !he Pro Deity Tuolttt to tilt hen 5 situated and
<br />+If Ptrspnat Property In the
<br />case or personal
<br />Property xnett,r lalgv, u, -anglote In one onlce
<br />within the Slate Ion Me county or other governmental
<br />suodlylsloh) as des,9nated by the laws of such State
<br />on" the property subject to the hen -s situated
<br />01
<br />IBLWIth Clerk DI D15111C1 'Quit in the office of IOe'.!erY Dt
<br />the United States district Court for the judicial district In whKh
<br />ten property subject to teen 1s snuatta when", the State has
<br />hoe by iaw meets a".g.med one office wh,th ttle,eWuwneMsol
<br />subDaraprapn :AI cl
<br />IC, *,In Record,, 01 Deeds 0, In- Dis!ry 01 Columbia In
<br />,he ,11•ce or the R—de, or Deeds u1 the DIs1•.t, o, fPlumou '
<br />the proved, supjecl to the :— Is wal" 'n me Dl51r f or
<br />Cow.Dla
<br />Entered as Document No.
<br />Z
<br />O
<br />�;d�ItOr
<br />�i
<br />Numerical '�, e
<br />t.il .,� i I.tl 1J JJ
<br />7
<br />121 S•lu5 or Property SuW to Lken For purposes of
<br />paragraphs) ,andlel Prooefly snarl l.'le aeeme0 i0 oe S�tlNted
<br />IAI Real Property In the cast of Zeal Properly at Is
<br />physical location or
<br />ref Personal Poperty m rnt cast of Personal property
<br />*,l tangible or mtanglbte a! Ine ,S,dence Of the
<br />taxpayer at Ihe time the notice of ben :s "[to
<br />For purpo6esotparagraphOtBl the resldenceol a corporation
<br />of Daf Mersnlp Shall be deemed Io "e the place At which Ine
<br />pnnc,pat HKU1rY! office of the pusfness IS located and the
<br />residence of a laxpavel whose residence A wdnoul the UniteC
<br />States snail be deemed to De m the 06Inc o' Columbia
<br />'31 Form fee form anC ,nn!en' O! the ^pyre
<br />retened to .n subsection tai Shall bx Ves" Ded by !lie
<br />Secretary SuCn houce Snall be •a •d ^JIwd,Standirg any
<br />other pro,,S,on 01 law Iegar Cir9 Int 'Olm or COMM of a
<br />notice of pen
<br />Nate: See section 6323toi for exceptions to a
<br />valid notice of lien imposed by section 6321 with
<br />respect to'
<br />1 Securmes
<br />2 Motor venlnes
<br />3 Petsdnal Drooe'ty purchases a! rem;
<br />personal ;xosxrr curcrlesra .n tasuaa sa"d
<br />5 Personal property suhiecled to possessory bee
<br />5 Real property tax and sputa! assessment teens
<br />Res!senua1 oropeny suDtect to a nhKRatuc s
<br />lien fps certain repairs and,mprcler tits
<br />3 Attomey s liens
<br />9 Ce. ^.am Insurance contrails
<br />,0 P2ssbmk loans
<br />-yl Relifing of Notice. — FD, Pwwsn o +ma
<br />sec!Ion
<br />General Rule. — unle9s notice ter •retried .n
<br />the manner prescrlbeo - Pa,a9ndpn 2: the 'eoulred
<br />'ehun9 Den d suet, nnhce of lien shall of l•eateo as filed on the
<br />date on which ti Is meolm accordance wen SuDsPCI,O^ f''1 Ole'
<br />the e.PUallOr of such reflting Del-00
<br />R! Place For Filing. — A note D1 :lee retded
<br />dunog the lequl o rellf,og perod shad De ellecl— only
<br />.A:
<br />.11 such n011ce of Iltn •s,etlled �n line olhce in which me
<br />pilot notice of hen was hied and
<br />^• me case or real p,ope,ly the !act of •ehhng Is
<br />entered and recorded In an Inge. to the extent 1ecluued by
<br />subsection n, 14, 1
<br />any car In whit, 90 days e• mope ,nof to the dale
<br />ut a rellllrp of notnre of hen under subp agomh IA), the
<br />a
<br />Secretary recMed written ndOrmalon !,n th, manner
<br />p,eSCrrtled I n egulalrons issued by the SeCfelanyl
<br />concerning a change in the Isatsayer S reStdenM it a POIKe
<br />of such lien 1s also toed in accordance wah subsection 11f in
<br />the Stale In which such residence is located
<br />131 Rerluired WON Per" — in rrt me
<br />of any notice of Item die term- required retding period McMf-
<br />!A I the ant year perked ending 30 days after the OAplfibell
<br />of 6 rears after the date of IN assessment of the ire. and
<br />-.B! the ant -vear period ending with tneeaptralwn 016yurs
<br />after the close of the preceding required ,etding perked for
<br />5ucb notice of hen
<br />Sec. 6325. Release Of Lien Or
<br />Discharge Of Property.
<br />lu Release Of Uen. — subject to such
<br />regulations as the Secretary may prescribe the secrelery, "I
<br />-isl:e A censicale of release of any Iran tmposed tooth respect to
<br />any Internal revenue taa not later than 30days after meday on
<br />wh:ch
<br />11; Liability Satisfied of Umillwceable The SKrctary
<br />Ilrgs that the tlap,nty tot Me amount assessed. together wrmatl
<br />interest m respect thereof has been fully satisfied or has
<br />become iegaby unenioiceable or
<br />12l Bond Accepted Thefelslurnishedlothe Sedrelaryand
<br />accepted by him a bored that Is conditioned upon Mepaymtnl of
<br />:lie amount assessed together with all interest in nespect
<br />thereof within the time prescribed by law f,nciudtlg any
<br />extension of such 11mel and that is in accordance with saXh
<br />,equiremen1S relating to terms conditions. and tofm of the bond
<br />and suratiw thereon, r May be SPKM d by well regulatiOM
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return In-
<br />formation.
<br />a1 Disclosure of Certain Returns and
<br />Return Inlormation For Tax Administration
<br />Purposes. —
<br />Q, 0,sclosufe of amount DI oufslanding lien It a notice of
<br />I— has been filed pursuant to section 632311!. the amountotihe
<br />outstanding obligation secured by such henmay be disclosed to
<br />any person who furnishes sahslKloty written evidence that I,@
<br />Nis a light m the property subject to Such hen of intends to
<br />opfam a fight In such properly
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