Priority of Federal Tax Liens and Levies: Hearings, Eighty-ninth Congress, Second Session ... March 2, 1966U.S. Government Printing Office, 1966 - 242 strani Considers H.R. 11256 and related H.R. 11290, to amend Internal Revenue Code of 1954 to redefine the rights and responsibilities of government and creditors of individuals when tax liens are levied. Includes American Bar Association "Final Report of the Committee on Federal Liens," Feb. 23, 1959 (p. 75-213). |
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acquired actual notice amended American Bar Association amount apply assessment bad faith bank bill bona fide purchaser bond certificate CHAIRMAN choate circular priority civil action claim collection Committee consideration in money contract contractor creditors debtor delegate discharge district court district director effect employee enforcement extend federal lien federal tax lien foreclosure fund gift tax lien Government holder insolvency Internal Revenue Code Internal Revenue Service interpleader judgment lender levy lien arises lien imposed lien is filed lien or interest lien under section loan mechanic's lien money or money's mortgage notice of lien notice or knowledge obligation paragraph payment personal property pledgee present law prior problem proceeds property subject proposed protection purchaser quiet title relating respect rules Secretary security interest subordinate subrogation surety tax liability taxpayer third parties tion title 28 Uniform Commercial Code United States Code valid wages withholding taxes
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Stran 218 - ... if the organization had exercised due diligence. An organization exercises due diligence if it maintains reasonable routines for communicating significant information to the person conducting the transaction and there is reasonable compliance with the routines. Due diligence does not require an individual acting for the organization to communicate information unless such communication is part of his regular duties or unless he has reason to know of the transaction and that the transaction would...
Stran 157 - Any person who fails or refuses to so surrender any of such property or rights shall be liable in his own person and estate to the United States in a sum equal to the value of the property or rights not so surrendered, but not exceeding the amount of the taxes (including penalties and interest) for the collection of which such levy has been made, together with costs and interest from the date of such levy. (f) The term "person...
Stran 20 - District of Columbia. In the office of the clerk of the United States District Court for the District of Columbia, if the property subject to the lien is situated in the District of Columbia.
Stran 35 - States has lien (a) Under the conditions prescribed in this section and section 1444 of this title for the protection of the United States, the United States may be named a party in any civil action or suit in any district court, or in any State court having jurisdiction of the subject matter, to quiet title to or for the foreclosure of a mortgage or other lien upon real or personal property on which the United States has or claims a mortgage or other lien.
Stran 25 - Any part of such property sold by such transferee or trustee to a bona fide purchaser for an adequate and full consideration in money or money's worth...
Stran 157 - Any person in possession of (or obligated with respect to) property or rights to property subject to levy upon which a levy has been made...
Stran 155 - ... trust which meets the requirements of section 401 (a)), surviving tenant, person In possession of the property by reason of the exercise, nonexercise, or release of a power of appointment, or beneficiary, who receives, or has on the date of the decedent's death, property included In the gross estate under sections 2034 to 2042, inclusive...
Stran 21 - ... as against any mortgagee, pledgee, or purchaser of such security, for an adequate and full consideration in money or money's worth, if at the time of such mortgage, pledge, or purchase such mortgagee, pledgee, or purchaser is without notice or knowledge of the existence of such lien. "(2) DEFINITION OF SECURITY. As used in this subsection, the term "security...
Stran 116 - That unless the tax is sooner paid in full, it shall be a lien for ten years upon the gross estate of the decedent, except that such part of the gross estate as is used for the payment of charges against the estate and expenses of its administration, allowed by any court having jurisdiction thereof, shall be divested of such lien.
Stran 3 - Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1954.