What is the Federal Perkins Loan Program IRS/ED Skiptracing Service?
The IRS/ED Skiptracing Service helps locate borrowers who are or will be going into default on repayment of their Federal Perkins Loans. How does it work? ED utilizes the IRS Skiptracing data to provide taxpayer addresses of defaulted borrowers to schools participating in the Federal Perkins Loan Program. The data are extracted monthly from the IRS Individual Master File at its National Computer Center. The data on the IRS file are updated weekly as new information is received about a taxpayer. The major update of all IRS files based on the latest annual tax return is usually accomplished by July of each year. As a subscriber to this service, you would have the option of submitting requests in the form of typed lists/computer printouts or magnetic tapes (see Enclosure 3). Requests that we receive on listing/printouts will be processed and the results returned in the form of computer listings. Requests that we receive in the form of magnetic tape should be in the format as described in
