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IRS Collection Procedures for Assets Located Outside the United States

|Approved Changes|United States
United States

The U.S. IRS recently published a memorandum containing legal advice in regard to the Collection Procedures for Assets Located Outside the United States. Among other things, the memorandum addresses a question of whether the IRS is prohibited from pursuing multiple collection activities simultaneously, as follows. The memorandum also addresses the use of FATCA data to identify and select colle…