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<br />Excerpts From Internal Revenue Code
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<br />Sec. 6321. Lien For Taxes.
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<br />/I any person liable 10 pay any tax neglects or reluses to pay
<br />Ihe same after demand, thi; amount {inCludmg any interest
<br />additional amount. addition to tax, or assessable penalty
<br />togemer with any costs that may accme ill addition thereto}
<br />shaH be a lien in favor of the United Stales upon aU property
<br />and rights to property, whether real or oers:onat, belonging te
<br />such person.
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<br />See, 6322. Period Of Lien
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<br />Unless another dale is specrfrcallv 1I.<.:eo u'; taw. ine lJen 1m
<br />posed by section 632.i shJU arise ai lne l:me ihe ilssessmen!
<br />'s made 'and shalf continue until ,he liatnhtv ter the amount so
<br />assessed (or a iudgmem against lhe !~payer :ms:mg out 01
<br />such liability) is satisfied or be{;OfTltlS ur.eniOfcoabie by feason
<br />OlldPse ot lliTle.
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<br />Sec. 6323. Validity and Priority
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<br />. Against Certain Persons.
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<br />(ai Purchasers,' Holders at Security lntnsts..
<br />MechaniC's lienon, And Judgment lien
<br />Creditors.... The lien 1mposed Oy $ectlOn 6.321 S!"1iHl nat be
<br />validasagainst3IlypurChaser.no!aer :nlerI'S!
<br />mechanlC'S lJenor. or judgmem ilen CeOi!or r,'Jhce
<br />!l"~H10l wniCh meels the reqUirements at subsectton it) f13S
<br />been filed tly the Secretary
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<br />(bj Protection For Certain Interests Even Though
<br />Notice Ated.-Eve;; thOl!-gh (lol!ce 0: a iHK< 1f111J0"~t'(j b'i ~-e'.:
<br />hen 5321 has b;en flied. suCD i:e-n &ha'l no, ~'e ~dilo--
<br />I!) Plate For FNlng Notice; Form.-
<br />Place For Fiiing.~ T'1e ~'\lliC~ re!erreG ;i) ;r> S!.it;.
<br />(0) shaH be lded-
<br />(A) Under State ,--aw$.-
<br />(i) Rea! PfOi)i:;-!i -In 1'1e ;;a~e 01 rea! P!Opt:rt)'. ;1' l;.~,t
<br />oillte- withm ihe Stale \ or the Cwrly. <), ~"'l1;;H g0\,:61 Ililler,.
<br />tal sUoo:vi_SlOnL as. desigoateo oy the Jaws vi SUal Slate
<br />10 whic4 tI1e.property subjeCi 10 the hen 1$ sltLialeo_ Mill
<br />(u) Personal PropeI!:Y, ,,-in the case ot persona, proper
<br />lV, whether tangiole or :mangd;)it. ,q one oUree '....lthll1lhe
<br />State (or tile county, or oHler goll6-fnlTltlflldi SUOOW1SlOhj
<br />itS desrgnala<1 by the I.3ws ol such $Iate, 1'1 ",hlcr.lne pro
<br />party subject iO :he hen is SJtl1lleo. or
<br />lBi With Clerk 01 O!stflct GOlJ{1.--!n the u!ia:e 01 lhtl
<br />clerk allhe United States diS\;K:1 ctllJrt to! the jUdlClillt Olstnc!
<br />in which the property SlJOjeCt to lien is situated. whenever the
<br />State has not by law designated one oHICe which meets 100
<br />reqUIrements 01 subparagraph (AI. or
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<br />(el With Recorder Ot Deeds 01 The District 01
<br />Columbla,-tn the office Of the Recorder ot Deeds of the
<br />District of Coiumbla. it the property subject to lhe H~n ts
<br />Si!uataa in lhe District 01 Columbia
<br />: 2) Situs Of Propeny Subject To Lien. -For purposes
<br />of paragraphs (1) and ! <lj. property shall De deemed to be
<br />situated-
<br />(Ai Rea! Property.~ln the case 01 real property at rlS
<br />phYSical rocatrOl1; or
<br />18) PerS::lnal Property_-in 1he rase 01 ~ersonal
<br />properly, whether !angtble or Intangible, al1he resrdence 01
<br />,11e taxpayer at !he time the notice of hen b iiled
<br />!=or purposes oj p.Jragrapr, 1.2HB). :~)e (('sldence o! a
<br />corpora!lOn Of panner-ship shaH be deemed iQ be the place al
<br />\Vhll:-h iT,e prlllcioal exe::::Jtlve oHiee at a",e D:Jsmess rs located.
<br />1lid ~'le resldern::e oi a taxpayer whose residence is without
<br />the .1Jr-ulea Slates shall Oe deemed bB In !he O!slnc! 01
<br />ColumbIa
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<br />, ~! f,;.'pl. _0_-; he ivrm ilno Lumen! OJ me notice relenee
<br />to 1f1 ~llOsect"Jrl ~;jl shaH be prescnDed Oy lhe Sene!arv
<br />.suet-, notice snaH De vaha -llO!wilhstandmg 4ny other provision
<br />0; Jaw regarcmg the torm Of contenl Q' if !wltce of lief!
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<br />Entered as [)ocument No.
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<br />Numenca .
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<br />kEG. Oi DEEDS
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<br />(3) Required Raffling Period.-In lhe case of any
<br />notice of !len, the term "required reflling period" means-
<br />(A} the om~.year period ending 30 days after the
<br />expIration of 6 years alier Ihe date of the assessment of the
<br />tax,and
<br />(Bl the one.year period endlOg With the expiration of 6
<br />years after the close of the prece<:tjng required refiling
<br />penod for such notice at lien
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<br />Sec. 6325. Release Of Lien Or Dis-
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<br />charge Of Property.
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<br />la) Release Of lian.-Subject to such regutatJons
<br />as the Secretary may presenile. the Secretary shatt'-issue a
<br />certlliCa!e of release of any liefllIT'posed with-respect to any
<br />internal revenue tax not later than 30 cays after the day on
<br />whlch-
<br />i 1) liability Salisii~d or Unenforceable. - The Secretary
<br />'mds that the hability lor lhe amounl assessed. togelher with
<br />:J.!i ,nteres! In respect thereoL nas Deen jully saUsfioo or has
<br />beCO'w~ iegally uneniorceabie. 01
<br />i?1 Bond Accepted.-There is iurmsl1ed to -tile
<br />Secrelary an{J accepted !}y, him a bond thaI is commioned
<br />tJoan tl1epdymemDi l!1e amount assessed. togeiher wIth all
<br />mleres(;n respect thereof, withm Ill? time prescrrbed by law
<br />"ny exllHlSlun ot SliCn!lme_l, and tt1atls:naccOf'
<br />'JJI1U: sucn (t1Qurrenl'::!1ts l(l fe!ms. cond,tlQns.
<br />,~f\ll lmm oi the Dond ana slJlelies ."1S i11ily oe
<br />speClt!(l(j oy such regUlatIOns
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<br />Sec. 6103. Confidentiality and dis-
<br />
<br />closure of returns and
<br />
<br />return information.
<br />
<br />(k) Disclosure 01 Certain Returns and
<br />Return Information For Tax Administration
<br />Purposes.-
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