{"id":7875,"date":"2015-11-24T03:36:59","date_gmt":"2015-11-24T08:36:59","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=7875"},"modified":"2020-09-17T10:54:27","modified_gmt":"2020-09-17T15:54:27","slug":"how-the-irs-tracks-you","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/how-the-irs-tracks-you\/","title":{"rendered":"How the IRS Tracks You"},"content":{"rendered":"
If you have a tax debt, the IRS will track you down<\/a>.\u00a0 This article talks about how the IRS tracks you and what you might do to maintain some privacy.<\/p>\n The IRS is the most aggressive collection agency in the world, with the most advanced computers.\u00a0 If they want you, they will find you.\u00a0 However, because of the number of taxpayers the Service is after, it might be years before the IRS tracks you or your assets.\u00a0 Rest assured, no matter how long it takes, they will eventually find you.<\/p>\n Because it takes time for the IRS to track you down, and because you can take steps to stay off of their radar for a time, you can buy time to organize your finances.\u00a0 Also, because it takes time for the IRS to track you, you should have time to complete the financial statements (433-A and B) and consult with an expert on your case.\u00a0 Sometimes delaying collections is just what the doctor ordered.<\/p>\n IRS computers are connected into all other government (Federal and State) systems, which means they have access to DMV, Unemployment, voter registration, and Social Security records.\u00a0 If you give your current address to any government agency, the IRS can access it.\u00a0 If you are receiving money from any group, the IRS can seize it.\u00a0 If you are getting Social Security or Unemployment payments, they will seize them.\u00a0 It matters little if this is the only money you have to live on\u2026 unless you set up an installment agreement, the IRS will take whatever you have.<\/p>\n WANT TO SET UP AN OFFSHORE BANK ACCOUNT? CONSIDER THESE COUNTRIES!<\/a><\/em><\/p>\n The IRS also has access to bank and employment records.\u00a0 If you open a new bank account, it will usually take 2 to 4 months to find and levy it.\u00a0 Remember that banks send in interest statements at the end of the year, plus IRS computers are connected into the worldwide banking network.\u00a0 No matter where your account is located, they can find it.\u00a0 Though, sometimes moving to a new bank will buy you a few months of breathing room, which is all you need to get your finances in order.<\/p>\n <\/p>\n The IRS also tracks you through your employer.\u00a0 When you get a new job, your employer submits various documents, including your social security number, to Unemployment and other agencies.\u00a0 Then, during the year, your company makes quarterly payroll tax payments with additional information and files a W-2 at the end of the year.<\/p>\n It can take a few months for the IRS to track you through a new employer.\u00a0 If you have been with your company for one pay period, you are at risk of wage garnishment.<\/p>\n <\/p>\n If you are living and working outside of the United States, the IRS can track you through your bank, though, this can be more difficult.\u00a0 If they find your international bank account, the Service can only levy the account (take you cash) if the bank you are with has a branch in the United States.<\/p>\n For example, if you are living in Panama, the IRS tracks you down, and your money is at HSBC Panama, the IRS can levy your account.\u00a0 HSBC has offices in both Panama and the United States, so the collector sends a levy notice to HSBC NY, who forwards it to HSBC Panama, and your money is gone.<\/p>\n If you are concerned with the IRS tracking you, and you have money outside of the country, it should be at a bank that does not have a branch in the U.S.\u00a0 Though, this can be a complex issue\u2026 and you should never send money out of the U.S. for the purpose of hiding it from the IRS.<\/p>\n I hope this post on how the IRS tracks you has been helpful and give you some ideas on how to delay the attack.\u00a0 I believe strongly that you should take the initiative when dealing with the IRS.\u00a0 However, you should also take the time you need to get your accounting and finances in order to minimize your monthly payments.<\/p>\n <\/p>\n Let’s face it, taxes for expats and the offshore markets is specialized information that your mom and pop accountant down the street is not going to understand. Speak with our CPA if you are serious about reducing your tax obligations and always staying compliant – click here to find out more.<\/a><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" If you have a tax debt, the IRS will track you down.\u00a0 This article talks about how the IRS tracks you and what you might do to maintain some privacy. The IRS is the most aggressive collection agency in the world, with the most advanced computers.\u00a0 If they want you, they will find you.\u00a0 However, […]<\/p>\n","protected":false},"author":308,"featured_media":24162,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1401],"tags":[],"yst_prominent_words":[1724,2274,1712,4842,1734,4862,4763,4856,4805,4800,1960,4881,4849,4818,2198,4811,3691,4869,1804,4830],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.escapeartist.com\/wp-content\/uploads\/2019\/04\/MeetTeam.jpg","_links":{"self":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/7875"}],"collection":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/users\/308"}],"replies":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/comments?post=7875"}],"version-history":[{"count":5,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/7875\/revisions"}],"predecessor-version":[{"id":41827,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/7875\/revisions\/41827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media\/24162"}],"wp:attachment":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media?parent=7875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/categories?post=7875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/tags?post=7875"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/yst_prominent_words?post=7875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Through Your Employer<\/h3>\n
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What’s Next?<\/h2>\n