|
<br />~
<br />o
<br />;;
<br />! :"\
<br />~
<br />
<br />r
<br />
<br />
<br />~ \~:
<br />~.
<br />.::\.
<br />
<br />c>
<br />
<br />Excerpts From Inlemll R_nue Code
<br />
<br />Sec. 6321. Lien For Taxes.
<br />
<br />If any person liable to pay any tax neglects or refuses 10 pay
<br />the same after demand, tile amount (inclUding any interest,
<br />additional amount, addition to tax, or assessable penalty,
<br />logether wfth any ctlStS that may accrue in addition thereto)
<br />shall be a lien. in 1avor of too United States upon all property
<br />and rights to property, whether real or personal. belonging 10
<br />such person.
<br />
<br />Sec. 6322. Period Of Lien.
<br />
<br />Unless another-dare is specifically fixed by law, the lien im.
<br />posed by section 6321 shall arise at the time the assessment
<br />is made and shall continue un!!l the liability iOf the amount so
<br />assessed (o~ a' judg1Tl9tll against the laxpayer arising out of
<br />such liabllity) is satisfied or becomes unenforceable 0)' reason
<br />of lapse 01 time
<br />
<br />Sec. 6323. Validity and Priority
<br />
<br />Against Certain Persons.
<br />
<br />(a) Purch2l$8rs. Holders Of Security Interests,
<br />Mechanic's lienor., And _ Judgment lien
<br />Creditors.-Tlle lien imposed by section '6321 shall no! t!e
<br />valid as against any purchaser. holder 01 a secunty mterest.
<br />mechanic's lienor. or judgment lien creaitof until notice
<br />thereof which meets the requirements 01 subsecHon (1) has
<br />been !lied by Ihe Secretary
<br />
<br />1.1>) Protection For Certain Interests Evan Though
<br />Notiee FiI8d.-E'."e1i !hough notlCa oj a /fen lmposetl Oy sec-
<br />tion 6321 has been We(!, such iien shaii not M vallo-
<br />(!) ptace For Filing Notice: Form.-
<br />Pi Place For Filing, -The notice relerred to ,n suo-
<br />section (al shall be Hled-
<br />(AJ Under State laWS,~
<br />(i) Real Pmpef1y.-ln the <;ase 01 real property. in one
<br />omes withm the Slate {or tile coont)'. or otner governmen-
<br />tal suOdlvlsi!JQ), ,as aeslgnaled by the laws of such State
<br />in which the property sul>ject 10 lhe lien is situated; and
<br />(ii) Personal Proparty, --In lhe case ot personai proper.
<br />ty. whether tangible or intangible, In one oliice wilhin the
<br />Sl.te (or the county, Of othef govelOmental subdivislon/.
<br />as designated by the laws 01 such Slate, in which the pro-
<br />perl\' :;ubjec: 10 the lien is si1uatoo', Of
<br />(8) Wllh Clerk Oi District Court-In !he oUlce oi Ihe
<br />clerk ollha UrUted States district court tor the judiCial district
<br />in which the property su~t 10 tien is situated, whenever the
<br />Stale nas not by law designaled one office which meets the
<br />requirements 01 subparagraph IA}; Of
<br />
<br />L
<br />
<br />/(
<br />Grantor ""-,"- __
<br />Grantee vi/;"
<br />Z Numerica~
<br />2.s ,TE OF !Jh~"5th-L
<br />gee :NTY (;:~ :-:,.-,LL ) S5
<br /><
<br />..
<br />5 AN 10 Zli
<br />
<br />I"
<br />
<br />:!!
<br />ii'
<br />'"
<br />'"
<br />or
<br />
<br />n
<br />ii'
<br />;l-
<br />g
<br />"
<br />c!
<br />!
<br />iil
<br />.;:t.
<br />
<br />'"
<br />
<br />j
<br />
<br />~83 OCT
<br />III
<br />)(
<br />r-
<br />iD
<br />::s
<br />
<br />~
<br />
<br />11
<br />
<br />'"
<br />..
<br />..,
<br />!?
<br />
<br />(e) With Recorder 01 Deeds Of The District of
<br />Columbia. -In the office 01 the Recorder -01 Deeds 01 the
<br />District 01 CoIumnia, if the property subject to the Hen is
<br />situated in the District of Columbia
<br />(2) Situs Of Property Subject To lien.-For purposes
<br />01 paragraphs (1) and {4}, property shaH be deemed to be
<br />situated-
<br />(A) Real Property.-!n the case of real property, at Its
<br />physicallocalion; or
<br />(8) Personal Property.-In the case of personal
<br />propeny. whether tangible or intangible, at the reSidence of
<br />the taxpayer at the lime the notice of lien IS filed
<br />For purposes of- paragraph (2)(6). the residence of a
<br />corporatIOn or p.lrtnership sha!! be deemed to he the place at
<br />which the prinCipal executive office of the business is 1Q(~a{ed.
<br />and the residence of a taxpayer whose residence is wiihout
<br />the United States shaH be deemed to be in ihe Orstrlcl of
<br />COlumbia
<br />i3i Form,-, Tne form 3nOCOn!ent ot tnI' nouce relerred
<br />lu In subsoctian \<1) Shall be preSCribed Oy the Secretary
<br />Such nOllceshal1 oavalid nOlwithstilndlng any omel prOVision
<br />0: 'i!'o\' regarding ihe torm or contenl 01 a 1101lce of hen
<br />
<br />iQl Refillng Of Notk:e,-For purpose oj !hls st:cllOfl-
<br />
<br />Genoral Rule.-Un!ess nOl:ce 01 :";:n is
<br />;nthe nidnnerpr65crloedin Ih!J
<br />reQlilfed rellllnQ period
<br />iliad on !he date on ",tlleh it IS !iled
<br />subsection (1)) after lne expiratIOn 01 refillng pellOO
<br />Place For FlIing.-A notice of lief! relile!l
<br />Cluflng required relllmg perrOO shall be eHectlve Qr:ly-
<br />i,A) \i SIJl:h notice 01 lien is reWed In the office 111 whicn lhe
<br />~Jllor notice of ilen was tiied. and
<br />(a) 1n any Cdse in t.'hlch 90 d1.Ys Of more plior 10 tne
<br />dale of iI r-elillng 01 IIcllee at lien under sl,lQparagraph (A),
<br />the Secrelary received wrillen intormatii)ll (in the manner
<br />preswooo 10 reguiatlOns Is:oued by tlie Secretary) concern-
<br />'f1g a change in the tall.payer's residence, llanoliceo! such
<br />Hen is also hied in accordance wllh sUDsecliDn (t) m the
<br />Sidle in which such reSidence IS located.
<br />
<br />
<br />L
<br />
<br />L
<br />
<br />Entered as Document No.
<br />
<br />3""'" 10 0 5 3 4 9
<br />
<br />z
<br />?
<br />
<br />C'
<br />2-
<br />a;
<br />Do
<br />!2
<br />Ill'
<br />a;
<br /><II
<br />
<br /><t 0 I
<br />_ "--.:....JW,.vJ
<br />
<br />REG. (iF flEErS
<br />
<br />(3) Required ReflUng Period.-!n the case 01. any
<br />notice- of lien, the term "raquired reflllng period" means-
<br />(A) the one-year perIOd _ emting 30 days after the
<br />expiration of 6 years after the date of the assessment 01 the
<br />tax, and
<br />(8) Ihe one-year period ending with the expiration of 6
<br />years after the close 01 the preceding required refiling
<br />period for such Mtlce of \ien.
<br />
<br />Sec. 6325. Release Of Lien Or Dis-
<br />
<br />charge Of Property.
<br />
<br />(al Releas~.of Uen.-Subject to su<<h regulations
<br />as the Secretary may.prescribe. the Set:retary shal! issue a
<br />certificate of release of any lien imposed with respe,ctto any
<br />internal revenue tax not later than 30 days after the day on
<br />wl1\cl1-
<br />(1) liabIlity Satisfied or Unenforceable. - The Secretary
<br />tmcts that the iial>ility for the amount assessed, logetherwith
<br />ailloterest In respect thereof, has been fully satisfied or has
<br />become legally unenforceable: 0:
<br />(2) Bond Accepted.-There is furnished to the
<br />Secretary and accepled by him a bond that is corr:htioned
<br />upon the payment ollhe amount assessed, together wlIh all
<br />Interest in respect thereol. Within the time prescribeo by law
<br />,lnC!uding any e..:lenslOn ot such lime). and that IS in at:cor-
<br />dance with such requirements relating to terms. conditions.
<br />Jnd form ot fhe !lond and sureties thereon. as Olav be
<br />"peC!flllO by such regulatIOns
<br />Sec. 5103. Confidentiality and dis-
<br />closure of returns and
<br />return information.
<br />
<br />(k) Disclosure of Certain Returns and
<br />Return Information For Tax Administration
<br />Purposes. -
<br />
<br />{21 Disclosure 01 amqunt ot outs:andlflg hen --[1 a
<br />notice 01 hen has been hled pursuant to sectIOn 6323(1), the
<br />amounf of lhe oulstandmg obhgation secured by such lien may
<br />be disclosed to any person who lurnlslles satisfactory wrillen
<br />evidence that he has a fight in lhe property s,ubject to suCh
<br />!'en or ;n!tJIlIlS to oblalO a righl in such propelt~
<br />
<br />u
<br />
<br />.-J
<br />
|