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f T 1 ~• j~ E;~tered as Document No. I _~ ~I Z I 2~ 0 ~t y_18 j N ~ 0 ~,rantm _ ~ ~ ~ r-4~i .,- ~~ ~21~0~ I $ ;1h 9 4! " ~ " ; ~ i s ~ ~'" ~ m i ,~ ~. I Excerpts From Interoal Revenue Code Sec. 6321. Lien For Taxes. ll any palm aaDIB to payarry tax nogiecrs br rmrr5es m pay the scone after tlrnaM, the arnoum (inGUdiny any interest, add[dmal arrwunt, atld'Nm to roc. a assessable Penally, together win any costs mat may accrue in addltlon thereto) shall be a gen M faun of the Urdmd Stites upon all property arq dghts m Properly, whemer real a primal. hefanga+g m such person. Sec. 6322. Period Of Lien. UNess ammo Cale IS spailicalty toed by law. the rien Im- posed by secgoe 6321sflag arise ai the time the assessment is made acrd shwa congnue urrgl the liabaily fa the amount so assessed la a judgrront against me taxPzYer arising out of such liabmtyj is uUSged W becorrras urcenforceable by reason W lapse W taro. Sec. 6323. Validity and Priority Against Certain Persons. (a) Purchasers. Holden 01 Security Inter- ests, Mtxhentc's lieners, And Judgment Lien CredRers. -The gen imposed by secagn 632t shall rwt he valid as agalixst arty Durchaser, holder W a secudry in- trest, mechardc's lienar, a judgment 4en creditor until npgce ihereolwhkh rteaefs the requirements of subsection Iry has been glad by Ure Secretary. (D) ProMedon For Certain Interests Evan Though NONea FgBd. -Even enough notice of a hen im- posed b/ section 6321 has bmn filed, such lien shalt not be ~aad- p) Waco For FiOap Natlce: Form.- itj Place For Pgtrg.-The rwgce retrred to in suo- s~tlm (aj shaltbe glad- jA) Under Slate 1.aws.- jil neat Property.-In the tau ci real property, +n WIB Og1Ce Wltipn fhb Slate \a ~ rwl+mY~ Gr Whef gaverrunental subdivision), as Designated by the laws a! such State, in wNch the property suhfect N the Tian rs siDaatetl; and (g) Personal PmPedY,-In the case of personal Property, whether tangaHa a intangiDk, in one glace within the State is tae county, or other governmental sirbdlvision), as designated by ~ loots of such SUte, in whkh gte DrWertY subject m me lien is sduatetl: a (el NflN Clrk nl-OisiriU rAUA.-In Inc agree W the clerk W me United Stoles distrkt court fa iha judicial 015iriW in whiUt the property subpc( to Ilan is siWated, wflatimrer Uib State has rwl by law designated one agice which nests fire ragWriznenti of subparagraph tA); err ICI with 9ecortler Ot Useps Ci (hc Uisu¢t ai Caum- pia.-In me aftlce at the f+ecprcer ni Ueeds of the Ulsirict m Columba, d the property suDiect to the lien +s situated in the Cafricl W CWUmDia. i2) S!tus Oi Rrnperty Suhlect To Linn.-far purDOSes W paragraphs i7; arw 14). oropeny shin De deemed to De situaled- (A).neal Preparry -!n the toss of rear properly, err itc " physical lircauon: a -- ?ej Personal i=repsrty.-in -the rase at persoral property, whatnot unq:Cle IX-intangible, at th+e rei:tlence at the taxpayer at the time ine natl[e or !ten is filed ~-ea purPOSes W paragraph 1215). the~resitltmce W a capora- tidn dr partnership snail De deemed 1a De tbs Plate at wnicn the prmupai a=ecutive attice of ine cuslrpss is terraced. and me residence of a axpaYer whose residence +s vnibom the Umted Slates span oe deemed ro be m the Uis(rin of Cmum- hN. (3) Porm. -Toe corm ant can!em ct me ncuce retr- rcC Ie in subsedion fa) shall ne arescribee by the Secretary. Such nedce shall be valid notwihtis'andingony ether brm'~sian Ot law regdrdmq UIB icrm ~r content Ci a notice tit lien :,yi Rattling Of Notice.-far Purpose at tens seahon- n General Rule.-amass notice ui hen is rented ,. m the- mamwr prescnbea m pargrapr, i?I Dunne the regwred !eiiiing Penal, such notice of lien srai: ce neared as tiled on the dale on which rt is liiad iln aCCOrddmb with suosection{Ij) offal the exPuation of such rehlirg ;.crioo. zr Place Far Filing.- notice ar i:cn tamed` during the required rsiiling perwa~snali he etlechve ultiy-._ iAl d such notice of lien +s.refileb m ina anice m which the poor retiee ci lien was tiled: and (B} .r. any ease +n wNCh;hl days a mere prwr .o the dale 01 a r0gllny+ 0 nOgce Ot :tan Onder SUDDaragrdpi; IAl- the Secretary receiveq wr:nen wtamabm~ ;its !ne manner prescribsu in regulabons Issued Dy ine Secrelaryl tart- cerang a cl4nge-in the taxpayer's residema, d a nogce of such fidn is also tiled in aaor,~.:,nce won subsethan (!i :n the Stale !il WNCh SLCn IaSidenCE +s iawlet. C 7 Q y m w 2 ~Q iii Required ReG1inD Period.-m ihe;rase al any rohce of lien, the term "required reliling pedal" muns- IRj the gyre-year period ending 3a days altar the ex- puahort ai 6 years of@r the date of itw assessment of me tax, and 131 the one-year period ending with the expiragm W u years after the close of the preceding required rattling penal Ior Such notice of lien. ' Sec. 6325. Release Of Lien Or Dis- charge Of_Property. ter) Release Ot Lian.- Suject >4 satin regulations as the Secretary may prescribe. the Secretary may !slue a cerefirate W retede8 W any lien imposed wren respect b any mtemal revenue tax d- ;t) Liability Sagstietl a Unenmrceahk.-The Sec- rehery itntls roar the itabiliry fa: tfn amount assessed. together with all interest in respect mereol, has dean fully sztisiled or has become legally unenfgrceabk; a (2) .Bond Aceepted_-there Is famished to the Secretary and accepted by him a bend that is conditioned soon the p„yment of the amount assessed, togemar wah all mreresl m respect thereof, within the gene prescribed Dy !av+ unduding any extension of such gene), and mat B in accordance with such requirements relagng to terms, con- ditions, and coin of me both and cantles [hermit. as .'nay be specdietl by such regulations. - Sec. 6103. Confidentiality and dis- closure of returns and return information. (kJ Disclosuro of Cortaro Returns and Reiarn .{nformation for Tax Administration Purposes.- Ulscwswe ct ar:wunt er outstanding lien.-if nuuce cr lien has been tiled pursuant to secgan 6323(1), pre amoum of the outstanding obligation secured by such lien may be disclosed to any person who furnishes sags- tactery written evidence that ha has a right in the properly sOGieti (0 such lien of intends to obtain a right in sUCh p+uperty. >~