Seize Your Business

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IRS has the power and legal authority to seize your business

Depending on the type of tax and how much is owed, the IRS may take your business. They certainly can close down a business and have been known to do it.

There are at least two reasons why the IRS might seize a business:

  • The first is to sell the assets and use the money to pay the tax owed.
  • The second is shutting down a business to keep it from running up more tax debt.

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