Court Rejects IRS Claim to Taxpayer’s Property

If a bank loans money to a business to buy equipment when the business owes back taxes, can the bank foreclose on and repossess the equipment? Does the bank or the IRS have a superior interest in the equipment? This gets into questions of state and federal law. Generally, state law defines property rights and…

Mitchell Tax Law network

This summary appears here as part of our network of regional tax practice sites. The full article — with citations, examples, and complete analysis — lives on the local site that originally published it.

Read the full article →

Talk to an attorney about your tax matter.

Texas-based · Representation nationwide

Schedule a call
error: Content is protected!!