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<br />Ettcerpts From Internal Revenue Cade
<br />Sec. 6321. Lien For Taxes.
<br />If any peredn UM4e m pay airy uac negiecs m retetae5 to pay
<br />the same after tlemarrtl. trio amount (Indudfng any interest,
<br />azldttDpW amoum, adttftion to ux, m assessable penalty.
<br />Mgeitter wtih any casts ttut may accrue M adtllOdn thereto)
<br />stu0 be a lien M favor b tlee Urtlied States upon all prapeety
<br />aM righLS m Droperry, whether real or personal, Delonging m
<br />such person.
<br />Sec. 6322. Period Of Lien.
<br />UNess anollter date rs specificatty fined Dy law, ine iien im-
<br />posed by section 6321 shop arise at the lime [he assessment
<br />rs nude aM staH cormnue unfit IDe liahtury im the amount w
<br />assessed {m a iudgtrent agalnsi the taxpayer arising out m
<br />sucft liabiidy) is satisfied or becanes unenforceabia by reason
<br />of copse d time.
<br />Sec. 6323. Validity and Priority
<br />Against Certain Persons.
<br />(a) Puroiaaers, Holders Qf SBCUtity Inler-
<br />esta, Mecfiasie's Lienms, And Judgment
<br />tJen CtedRors. -The lien imposed by section 6321 snau
<br />rrot ce valitl as apairrst airy purctuser, odder of a security m-
<br />ierest, mechar~'s fiercer, w judgment lien creditor anti:
<br />notice Nered which meets the requirements of subsectiun tf i
<br />has been feted br the SecretarY'.
<br />(b) Pra[aeHeo Far Certain itderosts Evan
<br />Thougk NMiee FRed. -&en though rwtice of a een im-
<br />posed by SettiPn 6327 has Deer liied, such lien sluff not ce
<br />valid-
<br />ity Plara For Figng Notice: Form. -
<br />{t) PWce For Firing.-The nonce referred m m sub-
<br />section (a) stuff ice (aert-
<br />(A) UnOer Stale t2ws.-.
<br />(il Real Property.-In the case c! real property. m
<br />are otfke wiWn the State im dte aumy, m past
<br />govermiertul subdivision), as tlesigruted Dy trio uws m
<br />sucn Sate, in which the property sullied io the iien is
<br />situated; aM
<br />(Ii) Personal PmPertY.-en the rase ei personae
<br />Property, whether tangible cr intangbb. in one amts
<br />wiUdn the SAte (or the county, a other governmental
<br />subdivision), as desgnatetl by Itce laws d such State, in
<br />which the property sutyect M ine Ilen a situatW;
<br />or
<br />(B) Wibt Clerk M Dauict Cann.-in trio o0ece m Ure
<br />Clark of ine UrUted States tlistrk:t cPUrt Im the ;udicai
<br />tlis0ict in which the propiirty subect to icen is situated.
<br />wherever ine Sate has cwt by law desigrateU one eeice
<br />whtGt meets the requVerrrents~dt sultparagnph {a). a
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<br />-niered as Gocumenl tvv,
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<br />~ Grantee.
<br />C'1 Nurnerkal.~:isL~.
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<br />iCi 'Ni[n Retarder U( Deetls D! Thd District of Colum-
<br />Dea--in me office m me Recorder ai Deees pf tce
<br />Dstict of CclumDU, if the property sudieci to eRe nen is
<br />SltealPA In the DiSlfid of CdatnDla.
<br />!21 Situs Oi property Subject To Lien.-For purposes
<br />d pzragraphs (ti antl I<), Property snzll De teemed to be
<br />situated-
<br />- _{A) Reai Property. --in the case of real property, at its
<br />pny5tae !cC31iPn, G:
<br />fB) v=rsonai ?mperty -iu the case of personal
<br />prpper*y. w"ether tadq:bie er m!argiD:e. zt tl.e residence
<br />~t the faXpdym tit ine rime the ndDte or nen re fdetl.
<br />Fm purposes el paragraph (?)(B}. trio res!dence m a corpora-
<br />tion cr Partner;hip shall be deemed ie be m= o;ace at which
<br />the principal zzecutive office of the Business is looted, and
<br />the resitlence df a taxpayer wrro;a residences without the
<br />Untied Ste@s snot! en deemed m be in the District of Celum-
<br />Dia.
<br />i,31 Farm.-the form and cement of the nonce refer-
<br />rep to m subsection (al shall Ce prescrihetl by the Socreury.
<br />Sutra nonce snail G'valid ndlwllG;lantlinG any oti:er prowsidn
<br />,t taw regarding the form m wntent U ~ aatece of Gen
<br />;;~ fleffli0g Of Notice. -rm purpose of tms sacticn-
<br />+! General flBle.-Umess notice PI iien is retdetl
<br />in the manner c'resuiUed m paragraph (21 during ine regwreo
<br />reDling panoc, sucn neirce of iien snail De nedtetl as filed an
<br />the dale on wMCh R is IileO fin atcordence wnh subsecton (cif
<br />alter ine dzpnatrcn at sucn reliling periW _
<br />z'. hlaee For Filing.-;, nohce of nen refieed
<br />dunnq_ the :egwrsd rslding peurJ snail pe ettetuve eniy-
<br />;1.; :t such nonrR Pt iien r_- reh!eo m the mice :n
<br />wNtn me prior nonce of teen was tfetl, znd
<br />;i;, ,n any case m wnicn,gG days a mare prier to Ine
<br />date of ; rufihng of rwtke p: nen antler wbparagraph (4).
<br />the Secretary ~ecerved 'wrtden rt:fannaaun Im ine ,manner
<br />prescnUed in reguUtiers slued Cy tre Secielary} con
<br />rzrning ~a-charge in the taxpayer's resitlence, d a notice
<br />~-t such lien ~s also pled in aadroante with suGSecticr. ~I^~.
<br />~n the Slate m ~.'i Nth su.n :esitlc::ce 's i0C37en.
<br />
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<br />0
<br />(3} Required RefiHng Porbd.-m tre case of
<br />any nonce of iien, [he term "requi[etl refiting perlpd"
<br />means-
<br />(A) the ore-year perv0 endirre 30 days after the ex-
<br />pnation of 6 fears after itte dale of ifu assessment of
<br />the tax, znd
<br />(B) ehe one-roar period entling with tDe expiration M
<br />6 years otter me close of the preceding required relihng
<br />period for such nonce of lien.
<br />Sec. 6325. Release Of Lien Or Dis-
<br />charge Of Property.
<br />;al Release tlf Lien.- subject m such reguia6ons
<br />as thR Secretary may prescnhe, the Secretary may issue a
<br />czrldirate of release ai arty lien emposed with respect M
<br />any ~nlernae revenue We if-
<br />;t) Leability Satisfied a Unenrorceabie.-The Sec-
<br />reag finds that the liability la the amount assessed,
<br />(ogetner with all interest M respect inereol, has been fully
<br />satisired or has became legaly ureenimrrable: m
<br />j2) Bcntl aaepted.-There rs furnished to the
<br />Sucrzury and accepted by him a bond that is condihorted
<br />upon ine Payment Pt the amount assessed. together with
<br />::p ;rlerest m iesped thereof, wimin the time proscribed W
<br />!aw gneeuding any extanson of such time), arM ine[ rs in
<br />accordance wnh such requements reWting to ternt5, con-
<br />Citions, and form of the pond and 5ufetiee Ihdreon, as
<br />may oe specdied by such regufauons.
<br />Sec. 6103. Confidentiality and dis-
<br />closure of returns and
<br />return information.
<br />(ki Disclosure of Certain Returns and
<br />Return information For Tarr AdministroDeo
<br />Purposes.-
<br />i2! =sctosure of amount of outsfantling lien--l1
<br />a nonce rat nen nos been tiled pursuant to sectipn 6323(p,
<br />the d!nouni of the outstanding obligation secured by sucn
<br />hen may be disclosed to any person wfw furnishes satis-
<br />tadd:y •.vnder. evidence coat ne has a right in ine prnperry
<br />suDiect to sucn Gen pr m?ends tP dDrain a right m such
<br />Properly.
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