The Internal Revenue Service (IRS) has a number of tools and resources at its disposal, which its Field Collection employees as well as other IRS personnel may use to track down a tax debtor’s assets. The IRS will track these assets for a wide variety of reasons. Whether it be to place a federal tax
irs locating assets
Locating Taxpayers and Their Assets
When a tax debtor fails to meet his or her federal tax obligations, the Internal Revenue Service will typically institute collection proceedings intended to satisfy the tax debtor’s obligations by way of a levy, lien, seizure and/or garnishment. In doing so, the IRS’ first step is to actually locate the taxpayer in question as well