The IRS has a Large Dollar Unit that specifically handles these cases.

For Large Dollar Cases, the IRS will send out specially trained Revenue Officers in the local field branches. There’s also a Large Dollar Case Unit within the ACS unit for cases still in the collection computer system.

The IRS gets into significant detail while investigating a taxpayer’s ability to pay. Because of this, it’s absolutely necessary to have professional representation. The IRS is more aggressive in handling these particular cases. The agent will be looking for a cover up, deceit, or fraud because the dollar amount is so high.

Spectrum Tax Relief specializes in large dollar IRS cases and have represented many in the past.

The basics for Large Dollar IRS Cases:

The IRS will start with a courthouse search for real property and a DMV search. The IRS will also pull credit reports from all three credit agencies.

The credit report contains a wealth of information such as average monthly charges, purchases you are making, assets you’ve purchased, and much more. The IRS can also find out who has made inquiries and whether you have turned in a financial statement to that source.

The IRS can summon the company for that financial statement and compare it against the financial statement you gave the IRS. The IRS has their own internal locator and can use this locator to review income records from over the last six years of all 1099’s, W-2s, tax returns, or any third party reporting of income that has been given to the IRS.

A new source that is being used by the IRS is FBAR information that reports overseas bank and financial records. IRS can also inquire of a bank CTR of any cash activity over $10,000 or more.

Then a search engine called Accurint or Lexis Nexis is used to search over 37 billion current public records in order to detect fraud and verify identities and also help the IRS investigation. This search engine is one of the go to tools of the IRS.

The IRS will also look to other external sources. The public search engines such as Google, Bing, Yahoo, LinkedIn, Facebook, and other social media can let the IRS agent know about your life habits.

During their investigation, the IRS can also use information from Passports, conduct 3rd party interviews, vessel and license checks at the courthouse all at the click of a button. They will check for Patents, Trademarks, Franchises, Licenses, Domain Name of a website or even summon your homeowners policy to find out about your personal assets.

Modern technology has allowed the IRS and any government agency to access a plethora of information about you. The IRS spends a lot more time looking at these high dollar cases and at Spectrum Tax Relief we know exactly what their questions will be. We work with you to remove the problem areas before the IRS gets to the case. Let our many years of experience work for you.