Complex sentence: The Joneses and Scotts sold the business in 1996 and, after it had been seized by from the new owners in 2002 for failure to pay taxes, took it back in August 2003.
Split into simpler sentences: The Joneses and Scotts sold the business in 1996. It was seized from the new owners in 2002 for failure to pay taxes, and the Joneses took it back in August 2003.