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Excerpt From Internal Remus Code
<br />Sec. 6321, Lien For Taxes.
<br />It any arson liable to 04Y any tax neglects or refuses to
<br />..pay the same after demand, the amount (Including any inter-
<br />est, additional amount, addltten to tax. or assessable density,
<br />toW,w with any caa65 that may Davao In addition triennia)
<br />shall be a lien In finler of the United Slat" upon all property
<br />and rights to prod",.wnedtar rest or personal, belonging
<br />to such Wien.
<br />Sec. 6322: Period Of Lien.
<br />Unless another date is specifically fixed by law, the Ilan
<br />Imposed by section 6321 shall arise at the time the assessment
<br />13 made and shall coaftnis until the liability for the amount so
<br />(or a judgment against the taxpayer arising out of
<br />sigh liability) is satisfied or becomes unenforceable by reason
<br />of )apes of firm.
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />(a) Purchasers, Holders Of Security in-
<br />Weft Med=Ws Liasors, And Judgment
<br />Lien Creditors. — The lien Imposed by section 61321 shall
<br />not fire valid as against any purchaser. holder of a security
<br />interest, m!chenic s lionor, or ludgmenl lion credits' until notice
<br />thereat which meets the raduirameois of subseclion ill has
<br />been filed by the Secretary.
<br />,ft Place For F Notice; Form.—
<br />III Pace Foe 6tlmg -he -41,c 61,f e, tc
<br />Section lei enaf, ae hlee -
<br />W Under Slate Laws
<br />iq Real Property I,, the vase o .rat ! �P,ly -
<br />ofbcewsthmtaestale ic, tneu)usry o serpcva! smai
<br />etlbdikl5lpni_ as GESrgf'.afe i 6y the a.5 5J;.a State ;.
<br />whim tyre property sotiec -.e e'er; ,aced. ane
<br />!h) parsonal property - ., th, :.sn o! plr7swia,
<br />property. wr,ethol to -g1C'e C� rU ce, r, one 011,e
<br />within the State !" "rte o
<br />Cubdivi.;ar. as CHI, a ec -j "e _
<br />or
<br />($I W e th c k (Y ostr ct Co I.
<br />'
<br />trial ,l;r,ted states 0 s-
<br />IM property 5,D,eo 10 1''e
<br />sutiparadrapn i &i, .3r
<br />iCi wti. pacur"er `If ape„ .
<br />ca
<br />M801111,19 Oft" Recodar U ueaas n' fn:d , io, ct ey r i.
<br />tie oleperly
<br />old nil
<br />s� ".. ! 10 2 i
<br />Grantor _
<br />r � J
<br />r r j W„ if ll�8
<br />(2) Shuts of Property Subject To Llon - For purposes of
<br />paragraphs (1) and (4), property shall Do deemed to be altuated-
<br />(A) Rae Property - In the case of real property, at Its
<br />physical location: or
<br />(S) Personal Property - In the can of personal property,
<br />whether tangible or intangible, el the residence of the
<br />taxpayer at the time the notice of lion is filed.
<br />For purposes of paragraph (2) (6), the residence of a corporation
<br />or partnership shall be deemed to be the place at which the
<br />principal executive office of the business is located. and the
<br />residence of a taxpayer whose residence is without the United
<br />states shall be deemed to be in the District of Columbia.
<br />(3) Form - The form and content of the notice
<br />referred to in subsection (a) shall be prescribed by the
<br />Secretary. Such notice shell be valid notwithstanding any
<br />other provision of law regarding the form or content of a
<br />notice of lien.
<br />Not: See section 6323(b) for protection for
<br />certain interests even though notice of lien
<br />imposed by section 6321 is filed with respect
<br />t0:
<br />1. Securities
<br />2. Palo, vehicles
<br />3. Personal property purchased at retail
<br />4. Personal property purchased in casual sale
<br />5. Personal property subjected to possessory lien
<br />6 Real property tax and special assessment lens
<br />Residentlai property subject to a mecnanic's
<br />an to certain repairs and improvements
<br />8 attorney s liens
<br />9. re tarn ilis-rance contracls
<br />16 oossboo4 calls
<br />e! Refiling Of Notice. — Far purposes or this
<br />".. General Rule. — uciess nm;re M. en;s reined in
<br /><,ed ;11 ,naraglap l2i .:re repuirec
<br />'e rMe•osr ,h cc a1 l!- Shail be !race . ?as! -od on trio
<br />rh r, ed ,;n a9C.7d3 ._e w'Ih ss,b echo, if17 after
<br />!rte ei,p'ation or SIC. rehh?g Mario".
<br />z: Place For Filing, — r -:;1,- -,, . _o ;el led
<br />i" v'Ci e Ct+;en .e relad,'I I "•e I e I; hr1i(;h'ne
<br />r iI,1,ca u Enl was !lied and
<br />.,ere- .- ..r.ea p'DDe'ty era, lcl .Ll.ng
<br />4 J.+
<br />t,:!119 p Cale
<br />7' l Al ; :..
<br />F
<br />1,
<br />F]
<br />Secretary received written Information in the manner
<br />proscribed In regulations Issued by the secretary)
<br />concerning a change In the taxpayer's residence, if a notice
<br />of such lien is also filed in accordance with subsection (f) In
<br />the State In which such residence Is located.
<br />(3) Required Refilling period. — in the case
<br />of any notice of lien, the term "required fafiling period" means -
<br />(A) the one -year period ending 30 days after the expiration
<br />of 6 years attar the data of the assessment of the tax, and
<br />(e) the one -year period ending with the expiration of 6 years
<br />after Me close of the preceding required ofiling period for
<br />such notice of lien.
<br />Sec, 6325. Release Of Lien Or
<br />Discharge Of Prt;perty.
<br />tai Release Of LAM. — subject to such
<br />regulations as the Secretary may prescribe, the Secretary shall
<br />Issue a certificate of release of any lien imposed with respect to
<br />any Internal revenue tax not later than 30 days after the day on
<br />which -
<br />(1) Liabiilty Satisfied or Unenforceable - The Secretary
<br />finds that the liability for the amount assessed, together with ail
<br />interest in respect (hereof, has been fully satisfied or has
<br />become legally unenforceable: or
<br />(2) Bond Accepted - There is furnished to the Secretary and
<br />accepted by him a bond that is conditioned upon the Dayment of
<br />the amDdnl assessed, together with all 'interest in respect
<br />thereat. within the time prescribed by taw (includ'np any
<br />extension of such time), and that is in accorddnce With soch
<br />requirements relating to terms. condit;ons, and form of the bond
<br />and sureties thereon, as may be specified by such ragclatmns.
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return in-
<br />formation.
<br />f><1 Disclosure of Certain Returns and
<br />Return Information Fer Tax Administration
<br />Purposes,
<br />12 7s os;c _ a
<br />taxi r r me ape , .rUle a -..- .! C, ; ,vacs io
<br />ants „" . ape;IV
<br />I
<br />M
<br />mays
<br />Excerpt From Internal Remus Code
<br />Sec. 6321, Lien For Taxes.
<br />It any arson liable to 04Y any tax neglects or refuses to
<br />..pay the same after demand, the amount (Including any inter-
<br />est, additional amount, addltten to tax. or assessable density,
<br />toW,w with any caa65 that may Davao In addition triennia)
<br />shall be a lien In finler of the United Slat" upon all property
<br />and rights to prod",.wnedtar rest or personal, belonging
<br />to such Wien.
<br />Sec. 6322: Period Of Lien.
<br />Unless another date is specifically fixed by law, the Ilan
<br />Imposed by section 6321 shall arise at the time the assessment
<br />13 made and shall coaftnis until the liability for the amount so
<br />(or a judgment against the taxpayer arising out of
<br />sigh liability) is satisfied or becomes unenforceable by reason
<br />of )apes of firm.
<br />Sec. 6323. Validity and Priority Against
<br />Certain Persons.
<br />(a) Purchasers, Holders Of Security in-
<br />Weft Med=Ws Liasors, And Judgment
<br />Lien Creditors. — The lien Imposed by section 61321 shall
<br />not fire valid as against any purchaser. holder of a security
<br />interest, m!chenic s lionor, or ludgmenl lion credits' until notice
<br />thereat which meets the raduirameois of subseclion ill has
<br />been filed by the Secretary.
<br />,ft Place For F Notice; Form.—
<br />III Pace Foe 6tlmg -he -41,c 61,f e, tc
<br />Section lei enaf, ae hlee -
<br />W Under Slate Laws
<br />iq Real Property I,, the vase o .rat ! �P,ly -
<br />ofbcewsthmtaestale ic, tneu)usry o serpcva! smai
<br />etlbdikl5lpni_ as GESrgf'.afe i 6y the a.5 5J;.a State ;.
<br />whim tyre property sotiec -.e e'er; ,aced. ane
<br />!h) parsonal property - ., th, :.sn o! plr7swia,
<br />property. wr,ethol to -g1C'e C� rU ce, r, one 011,e
<br />within the State !" "rte o
<br />Cubdivi.;ar. as CHI, a ec -j "e _
<br />or
<br />($I W e th c k (Y ostr ct Co I.
<br />'
<br />trial ,l;r,ted states 0 s-
<br />IM property 5,D,eo 10 1''e
<br />sutiparadrapn i &i, .3r
<br />iCi wti. pacur"er `If ape„ .
<br />ca
<br />M801111,19 Oft" Recodar U ueaas n' fn:d , io, ct ey r i.
<br />tie oleperly
<br />old nil
<br />s� ".. ! 10 2 i
<br />Grantor _
<br />r � J
<br />r r j W„ if ll�8
<br />(2) Shuts of Property Subject To Llon - For purposes of
<br />paragraphs (1) and (4), property shall Do deemed to be altuated-
<br />(A) Rae Property - In the case of real property, at Its
<br />physical location: or
<br />(S) Personal Property - In the can of personal property,
<br />whether tangible or intangible, el the residence of the
<br />taxpayer at the time the notice of lion is filed.
<br />For purposes of paragraph (2) (6), the residence of a corporation
<br />or partnership shall be deemed to be the place at which the
<br />principal executive office of the business is located. and the
<br />residence of a taxpayer whose residence is without the United
<br />states shall be deemed to be in the District of Columbia.
<br />(3) Form - The form and content of the notice
<br />referred to in subsection (a) shall be prescribed by the
<br />Secretary. Such notice shell be valid notwithstanding any
<br />other provision of law regarding the form or content of a
<br />notice of lien.
<br />Not: See section 6323(b) for protection for
<br />certain interests even though notice of lien
<br />imposed by section 6321 is filed with respect
<br />t0:
<br />1. Securities
<br />2. Palo, vehicles
<br />3. Personal property purchased at retail
<br />4. Personal property purchased in casual sale
<br />5. Personal property subjected to possessory lien
<br />6 Real property tax and special assessment lens
<br />Residentlai property subject to a mecnanic's
<br />an to certain repairs and improvements
<br />8 attorney s liens
<br />9. re tarn ilis-rance contracls
<br />16 oossboo4 calls
<br />e! Refiling Of Notice. — Far purposes or this
<br />".. General Rule. — uciess nm;re M. en;s reined in
<br /><,ed ;11 ,naraglap l2i .:re repuirec
<br />'e rMe•osr ,h cc a1 l!- Shail be !race . ?as! -od on trio
<br />rh r, ed ,;n a9C.7d3 ._e w'Ih ss,b echo, if17 after
<br />!rte ei,p'ation or SIC. rehh?g Mario".
<br />z: Place For Filing, — r -:;1,- -,, . _o ;el led
<br />i" v'Ci e Ct+;en .e relad,'I I "•e I e I; hr1i(;h'ne
<br />r iI,1,ca u Enl was !lied and
<br />.,ere- .- ..r.ea p'DDe'ty era, lcl .Ll.ng
<br />4 J.+
<br />t,:!119 p Cale
<br />7' l Al ; :..
<br />F
<br />1,
<br />F]
<br />Secretary received written Information in the manner
<br />proscribed In regulations Issued by the secretary)
<br />concerning a change In the taxpayer's residence, if a notice
<br />of such lien is also filed in accordance with subsection (f) In
<br />the State In which such residence Is located.
<br />(3) Required Refilling period. — in the case
<br />of any notice of lien, the term "required fafiling period" means -
<br />(A) the one -year period ending 30 days after the expiration
<br />of 6 years attar the data of the assessment of the tax, and
<br />(e) the one -year period ending with the expiration of 6 years
<br />after Me close of the preceding required ofiling period for
<br />such notice of lien.
<br />Sec, 6325. Release Of Lien Or
<br />Discharge Of Prt;perty.
<br />tai Release Of LAM. — subject to such
<br />regulations as the Secretary may prescribe, the Secretary shall
<br />Issue a certificate of release of any lien imposed with respect to
<br />any Internal revenue tax not later than 30 days after the day on
<br />which -
<br />(1) Liabiilty Satisfied or Unenforceable - The Secretary
<br />finds that the liability for the amount assessed, together with ail
<br />interest in respect (hereof, has been fully satisfied or has
<br />become legally unenforceable: or
<br />(2) Bond Accepted - There is furnished to the Secretary and
<br />accepted by him a bond that is conditioned upon the Dayment of
<br />the amDdnl assessed, together with all 'interest in respect
<br />thereat. within the time prescribed by taw (includ'np any
<br />extension of such time), and that is in accorddnce With soch
<br />requirements relating to terms. condit;ons, and form of the bond
<br />and sureties thereon, as may be specified by such ragclatmns.
<br />Sec. 6103. Confidentiality and Dis-
<br />closure of Returns and Return in-
<br />formation.
<br />f><1 Disclosure of Certain Returns and
<br />Return Information Fer Tax Administration
<br />Purposes,
<br />12 7s os;c _ a
<br />taxi r r me ape , .rUle a -..- .! C, ; ,vacs io
<br />ants „" . ape;IV
<br />
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