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Being a former IRS Agent we did many things the owing taxpayer was not aware of. If we thought the taxpayers was a little to cleaver or sneaky we  would pull credit reports to verify everything they we saying was correct.

Also we would pull loan applications on all loan application submitted for the past two years to find out what assets or income the taxpayers were listing to obtain their loan.

IRS Agents are told to Secure Credit Reports to Verify Taxpayer Information:  From the IRM

Based on your discretion and judgment, consider securing a full credit report to assist in locating taxpayer assets, verifying financial information, and/or determining an alternative resolution to an OIC. The case history must be documented with the reason(s) for the request.

A full credit report should be requested prior to accepting an offer when the current balance exceeds $100,000.

All credit report requests require managerial approval.

When computing equity in real estate or allowable motor vehicles, and the taxpayer has not submitted substantiation of loan balances claimed on the Form 433-A, OE/OSs should request a credit report and use the loan balance information to determine the current balances of any relevant loans from commercial lenders. If the loan is from a private source, it may be necessary to contact the taxpayer/representative for the information.