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If you are the owner or one of the owners of the business, then yes, the IRS can place liens and levies on your personal assets as well as your business assets. This would include liens on your personal property such as your home, and levies on any personal bank accounts which have your name and SS number listed as an owner.
If you enter in to an acceptable payment plan arrangement with the IRS, they will refrain from placing these liens or levies on your assets as long as you stay current with the agreed to payments.
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