Does the IRS have access to people's bank account?

  1. NiaLee profile image59
    NiaLeeposted 6 years ago

    Does the IRS have access to people's bank account?

    My friend has some financial issues with back taxes, we are arguing wether they refuse to give him some time to pay for a big amount because they know how much money he has on his bank account.

  2. Shawn Scarborough profile image85
    Shawn Scarboroughposted 6 years ago

    The IRS does know how much money is in your bank account.  Banks are required to report large transactions to the IRS and must provide any information the IRS requests about your account balances and any suspicious transactions.  That is why bank accounts overseas appeal to some people because they are beyond the reach of the IRS.

  3. profile image0
    ThomasRydderposted 6 years ago

    The first answer was correct. And the good news continues. They also have every right to take out the money in that account. Every dime. And they will. Friend of mine had it happen. I know of some ways to handle your friends situation. Seriously. email me and I'll see if I can assist you. No, I'm not a tax preparer, nor a prankster. I just know someone who had to get out of the same fix. it might or might not work for your friend, but it might. write me.