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Under the authority of the irs real property can be seized

Under the authority of the IRS, real property can be seized for nonpayment of taxes. In addition, the local government could confiscate personal property for public use. Analyze how involuntary conversions differ from condemnations and how to determine the basis of the property in determining the gain or loss.

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Finance Basics: Under the authority of the irs real property can be seized

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