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<br />Excerpts Fmm Intemal R0Y8nue Code
<br />
<br />See, 6321, Lien For Taxes,
<br />II any person liable to pay any tax neglects or refuses to pay
<br />the same after demand, tile amount (including any interest.
<br />additional amount, addition to tax, or assessable penalty.
<br />together with any costs that may accrue in addition thereto)
<br />shall be a lien in favor of the United States upon all property
<br />and rights to property, whether real or personal. belonging !o
<br />such person.
<br />See, 6322. Period Of Lien,
<br />
<br />Unless another date is'spedtically fixed by law, the lien 1m.
<br />posed by ,section 6321 shall arise at the time the assessment
<br />is made and shall continue until ,the liabilityior the amount sQ"
<br />assessed (or a judgment _st 1Tte.'taxpayer arising out of
<br />such liability) is satisfied or ~ unenfotCfl3ble by reason
<br />01 lapse of nme.
<br />
<br />See, 6323, Validity and Priority
<br />
<br />Against Certain Persons,
<br />
<br />I') Purcb....., HllIders 01 Security Intemsts,
<br />Mechanic's UenolS, And Judgment lien
<br />CndilOfl. - The lien imposed by section 6321 shall not be
<br />valid as against any purchaser, holder of a security interest,
<br />mechanic's lienor, or judgment lien creditor until notice
<br />thereof which meets the requirements of subsection (f) has
<br />been filed by the Secretary.
<br />
<br />Ib) ProIection For Certain Interests E.en Though
<br />Notice FiIed.-Even though notice of a Hen imposed by sec-
<br />tion-6321 has been filed, such lien shall nol be valid-
<br />(I) Place For FIling Notice: Form,-
<br />(1) Place For Filing. -The notice referred to in sub-
<br />sectiOfl (a) shaH be fjlefj-
<br />(A) Under State laws.-
<br />(I) Real Property.-ln the case of real property. in one
<br />office within the State (or tile county, or other gOVllmmen-
<br />tat subdivision), as destgnated by the laws of SUCh State,
<br />in whfch the property su!liect to the lien is situated; and
<br />(ii) Personal Property. -In the case of personal proper-
<br />ty. wh8ther tangible or Intal'gtble, in oneoflice.within the
<br />State (or the county, or othergcW8mmental,>ubdivision),
<br />as designated by the laws of such State, in whtch the pro-
<br />perty subtetl to the lien is situated; or
<br />(SPNlIII,ClorkOt DIstIicl COOI1.-ln theotlico 01 the
<br />cloI1< 01 the Unlfod S1a1OS district coort for the judlclal district
<br />in which the property subtect 10 lien is situated, whenever the
<br />Slate has not by law designated one offlce which meets the
<br />.........nts 01 subparagraph tAl; or
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<br />l C} Wilh Recorder Of Deeds Of _ The District of
<br />Columbia.-ln the office of the Recorder of Deeds of the
<br />District 01 Columbia, il lhe property subject to It'.e lien is
<br />situated in the District of Columbia
<br />(2) Situs Of Property Subject To llen.-For purposes
<br />of paragraphs (1) and (4), property shall be deemet1 to be
<br />situated-
<br />(A) Real Property.-In the case of reai property. at its
<br />physjcallocatiofl; or
<br />(8) Personal Property.-In tne case ot personal
<br />property, whether tangible or intangible, at the residence 01
<br />the taxpayer at the time the notice 01 Hen is filed.
<br />For purposes of paragraph (2)(8), the residence of a
<br />corporation or partnership shall be deemed to be the place at
<br />~ich ttl!jrKlcipal executi~~ office !Ii the business is located,
<br />and: the' residence of a-taxpayer whose residence is without
<br />ttle United States shall b!t-deemeEJ.-to be in the Distntt of
<br />Columbia -
<br />
<br />(3) Form.-The form anO content of the notice referred
<br />to in subsection (al shall be prescnbed by the Secretary.
<br />Such notice 'ihall be valid notwithstanding any other provision
<br />of law regarding the form or content of a nolice oj lien.
<br />
<br />(g) Refiling Of (~otice_-For purpose (If thiS section-
<br />
<br />(1) General Rule.-Unless notice ot hen IS
<br />reWed in the manner prescribed in paragraph (2) during the
<br />required refiling period, such notice of lien shall be treated as
<br />filed on lhe date on which it is filed (in accordance with
<br />subsection (f)) after the ex.piration of such refihng period
<br />(2) Place For Flling.-A notice 01 lien reliletl
<br />during the required refiling period shall be effective only-
<br />(A) If such notice of lien is refiied in lOeoffice in Which the
<br />prior notice of lien was hied; and
<br />(6) In any case in which 90 days or more prior (0 the
<br />dale of a refiling 01 oolite 01 lien under SUbparagraph tAl.
<br />the Secretary received written intormation {in the manner
<br />prescribed in regulations issued by the Secretary).contern-
<br />log a change in the taxpayer's residence, if anol;iGe of SuCh
<br />lien is alSo liled in accordance With subSection (f) in the
<br />State in which such r6Sidence ls located.
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<br />Entered as Document No.
<br />Q 0 1 O~3 6
<br />83- ,f.
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<br />t7 i\EG, OF DEEDS
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<br />, (3) Required 'RelHirig 'Piilod,-In lhe- case of any
<br />notice of lien, the term "required r8fillng- p8Roo" means-
<br />(A) fhe one-year period ending 30 days after :he
<br />expiration of 6 years after tile date of the assessment of the
<br />tax. and
<br />(B) the one-year period ending-with tile eltpiration of 6
<br />years after the close of the preceding required refiling
<br />period for such notice of lien.
<br />
<br />Sec. 6325, Release Of Lien Or Dis'
<br />
<br />charge Of Property,
<br />
<br />(a) Release Of Lien.-Subjec:t to such regulations
<br />as the Secretary may prescribe, the SlH:retary shall issue a
<br />certificate of release of any lien imposed with respect to ;my
<br />-internal revenue tax not latef,thao 3Il days after the day Qfl......
<br />--wrnch-co _"
<br />(1) liability Satisfied or Unenforceable. - The Secretary
<br />finds that the liability for the amount assessed, together with
<br />all interest in respect thereof, has been fulty satisfied or has
<br />become legally unenforceable; or
<br />(2) Bond Accepted.-There is furnished 10 the
<br />Secretary and accepted by him a bond thai IS conditioned
<br />upon the payment of the amount assessed. together with all
<br />interest in respect thereof. within Ihe time prescribed by law
<br />iincluding any extension of such time}, and that is in accor-
<br />dance with such requirements relating to terms. conditions.
<br />and form of the bond and sureties thereon, as may be
<br />specified by such regulations
<br />
<br />See, 6103, Confidentiality and dis-
<br />
<br />closure of returns and
<br />
<br />return information,
<br />
<br />(k) Discl.sure 01 Certain Returns and
<br />Return Information For Tax Administration
<br />Purposes,-
<br />
<br />(2) Oi~CIOS~!e of _amount of _ out~taoolO~ .lien. -If a
<br />notice of lten haS: been filed pursuanrlo_seclion 6323(1), the
<br />amount of the outstanding obligation secunid by such lien may
<br />be diidoseQ to any person who lurmshes satisfactory written
<br />evidence that he Ms Ii right in the property subiecl 10 such
<br />lien or intends to obtain a rigllt in such property.
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