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What can a business owner do to protect business assets from IRS seizure?

April 26, 2017assets Business IRS owner protect seizure

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What can a business owner do to protect business assets from IRS seizure?

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The business, to the extent practical, should be divided into separate corporations so if one corporation has a tax problem, the IRS has no recourse to the remaining corporations. The business should also be heavily mortgaged or encumbered, leaving little or no equity for the IRS to seize.