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<br />Excerpts From IMeroaf Revenue Code
<br />Sec. 6321. L[en For Taxes.
<br />It arty perartn Ibhle to payam/ taz neglec6 ar refuses ro pzy
<br />the same afbr tletttartd. Ute arrwunt (inUUdlrlg any inb2st,
<br />addixorW amwnt, atldiuat ro tax, a assessable penalty.
<br />t~tha wim any costs that may accrue in atldifwn Iperero)
<br />shall be a den in favocot the Urtitetl Stales upon as pmpeedy-
<br />aM rights ro propnrrys whether real a personal, Iw.-bngflrg to
<br />such person. .. - --
<br />Sec. 6322: Period `Of Lien. -
<br />Uniessanother date b specificaay tixetl by law, the lien im-
<br />paled Dy secgon 6321 shall arise at the time the assessment
<br />is m~e and shall congnue ungi the liahpity fa the amount so
<br />assessed (a a iudgncerd agairst Ne taxpayer arising out of
<br />strh IbbBlry) ta sagsfted or becomes unenforceable by reason
<br />of ~ of time.
<br />Sec. 6323. Validity and Priority
<br />Against Certain Persons.
<br />(a} Purelu:are, HWders Of Security Inter-
<br />ests, IKeKkafNc's Lienars, And Judgment
<br />lMn Creditors. -TM lien imposed by section 6321 shall
<br />tint be vaib as against arq purchzser, holder ai a secudy in-
<br />imest, mechank's germr, a judgment lien credits ungi
<br />mtlce thereof which meets Cre requlremer.6 of subsection (IY
<br />has bean fibtl q' the Secretary.
<br />(b) Pre6eetloe Far Certain Interests Evan
<br />Theogff Notkt Flied.-Even uwuph notice of a lien im-
<br />posed hY secUdn 6321 has Wean (sled, such lien shatl nor oe
<br />vatid-
<br />t0 Pgfx For FlOog Notice: Form.-
<br />(1) Place For Fping.-The noUCe referreo to In sun-
<br />secsdn (a) shau!De'fi)pd-
<br />(A) Under State laws.- -
<br />(11 Waal Property.-In the rase of real Property, in
<br />one oltba wuhin me State (a dte camq, a older
<br />goverrutrmrbl suhdlvisian), as desiynaled oy Ota laws cf
<br />such State, in which Itta property subject m Ina ben is
<br />sauabd: and
<br />(G) Personal Property.-m trio case of pens'ony
<br />property, whether tangible a intanyibb, in one mice
<br />wtitdn the State (a the county, err other governmental
<br />wb0ivision), as designated by Ne bws of such State, to
<br />which rite properly subject to the lien is situated:
<br />a
<br />- (B) With Cbrk-Of0lsbic! Court.-In Ute ogice of the
<br />clerk of the Unil~ Stabs district caurl fa iha judicial
<br />dishiCt in witch Ute property subject to lien is situated,
<br />whartever flea State has rim by law desigrwted one office
<br />whidt meets Ue, requirements at spbparagraph (A):'a
<br />^; :Kith Re[erder Of needs Of The Oisinct of Colum-
<br />bia.-In the odice c! [he Recorder cl ;?eed5 st the
<br />Cisrrict of Columbia, if the property suojecr m the iien ~_
<br />situated in IDe OisUicl of CoWmbia.
<br />(2) Situs Cf Property Subject To Lien.-For pureases
<br />pt paragraphs i.ij and (d}. property shah be ceemetl :c he
<br />situated-
<br />- (A} Real Property.-In the caseof real property, at its
<br />Physical iocatlon: cr
<br />(B) Personae Property.-In the czse of personal
<br />- property, wheu:e; enyihie or inrangiob.atthe reslCence
<br />of the taxpayer at the time me notice a lien ~< tiled
<br />Fa purposes of pargrapn i2)(Bj, Ne rxsidence cf a torpore-
<br />tion or partnership shall be deemee m ae the pace at-winch
<br />the principal ezecufive ogice at the ausmess is iocateo, and
<br />the residence of a bxPayer wtlose resitlence ~s without Ina
<br />United States shall be deemed to ue in the District of Cmum~
<br />bid.
<br />;31 fain.-The form anp content at the nonce reier-
<br />retl to in subsection (aj shall he prescrihetl by trio Secretary.
<br />Such notice shall be valid nmwitnstantling any other Prov~smn
<br />at !aw regarding the farm or ccntent o z novice at lion
<br />13j Required Refiring Period.-m the case or
<br />any notice c! I~en, the Term "requiretl tabling period"
<br />means-
<br />(AI the one-year pertW ending 30 tlays afbr me ez-
<br />pnabon pl fi years after the da@ of the assessment pt
<br />'he lax, dnd
<br />?3) the one-Year pert00 eMing wdh the ezpiradan of
<br />~~ years attee Ne close or the preceding required refiring
<br />enod mr such nonce of lien.
<br />Sec. 6325. Release Of Lien 0[ Dis-
<br />charge Of Property.
<br />~ai Release 0f lien.- Suhject to such regulanons
<br />as ~:~x Sscretary may prescribe, the Secretary may issue a
<br />cem!:cat a :etease of any iien imposed with respect b
<br />:..v :cternar revenue !ax d-
<br />;t} liabuny Satisfied er Uneniorceabb.-The Sec-
<br />reary lirttl5 ;hat ;tw lianniry is the amount a55eseed,
<br />iegemer with ail interest in respect thereof. has been iugy
<br />savsireo a has oecorne bgatty uneritorceabb: a
<br />.21 Band Acceptetl.-There is iumishetl is the
<br />>xcretary and accepted Cy him z bond that is cendigored.
<br />mon ms aaymem of ine amount assessrxi, together with
<br />ai ~inerest ~n respect mereol. within Ina time Prescribed ny
<br />_x rim-IVany any axlenston a such Ume), antl Thal is in
<br />acurearce with su[h 2quuements rebting to fattens, con-
<br />ditions. aria fain of the Dario and sureties maroon, as
<br />may a^ suecdied Cy such reguianorts.
<br />Sec. 6103. Confidentiality and dis-
<br />closure of returns and
<br />return information.
<br />(k) DiSctosure of Certain Returns and
<br />Return Iniorma0on 'For Tax Adminisira0on
<br />(gl Refiling Of Notice.-tar purpose o: rtes secuon-
<br />it) General RUIe.-Umess nonce a I;en ~s tabled
<br />in the manna prescribed in parayrapn {21 during the requred
<br />refiliny potion, such notice ei lien snail be Treated zs oleo on
<br />the date on which ii is bled (in accomam:e with suhseclian Itjl
<br />alter the expiration pf such refiring period.
<br />;2) P18ee Fer Flijng.-A nprice at ban rattled
<br />during the requiretl rattling patine shall Ce ettectWe cnly-
<br />iAi Ii such notice ci lied is rattled u: ttw office ~n
<br />which the prior notice of lien was riled; antl
<br />(B) m any case +n woich,90 days or mine prig ;e ine
<br />dale a a relitiny of notice of iien under subparagraph IA),
<br />the Secretary :ecaved wnnen mlormaoon jin the manrrer
<br />prescribed m regulations issued by the Secretary) coin
<br />[ernirg a ehanga b me ratepayer's residence,. it a notice
<br />et such hen is also tiled in accordance with sunsecuon p;
<br />in me State m wNCh such reslden[a is located.
<br />
<br />Purposes--
<br />j2) 9isclosure pi amount cl dutstandmg hen--ii
<br />a Douce o! lien has Wean tiled pursuant m secgon 6323p),
<br />the amount a the eu(sbnding obligation secured by such
<br />lien may be discbsed to any person who furnishes satis-
<br />ractory wnnen evidence that he has a right in the property
<br />5unjecl to such lien or mientl5 ip obtain a rignl in such
<br />property.
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