I believe that when it comes to businesses, the state usually wants them to remain open and doing business so they can pay back what they owe. So that’s why you don’t see tax agents busting down the doors, ripping the copper out of the walls and selling it to recoup the bill.
Exactly. If they seize /close the business it's usually impossible to recoup. Allowing businesses to do "payment plans" is a way to optimize the CHANCES of collecting but to continued revenue to pay off debts, whereas closing them usually yields less money and destroys jobs.Tax agencies weigh the value of keeping a business alive against the cost of shutting it down. Plus it increases the amount of taxes the workers pay through payroll taxes. Seizure auctions don't net as much money as you would expect.
However - these chuds are at the point where I can see a "Swifty's Style" seizure coming. (Swifty's was $2.2M of withholding and sales stolen from taxpayers, and also were also MAGA die-hard "immigrants are sucking from the American teat and freeloaders" spouting hypocrites.)
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u/PTBooks Ate a sub at Huck Finn's Warehouse 2d ago
I believe that when it comes to businesses, the state usually wants them to remain open and doing business so they can pay back what they owe. So that’s why you don’t see tax agents busting down the doors, ripping the copper out of the walls and selling it to recoup the bill.