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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… Continue reading Court Rejects IRS Claim to Taxpayer’s Property
The post Court Rejects IRS Claim to Taxpayer’s Property appeared first on Houston Tax Attorneys | Mitchell Tax Law.