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Internal Revenue Manual Part 3. Submission Processing · 2026-10-03 edition · updated 2026-10-04 · United States

The journals described in this subsection are used to record the acquisition and disposition of Seized Property and Collateral. The journals for these journals will be numbered in the 3XX series.

These are the valid accounts for Inventory Control.

Account Number

Account Name

3200

Collateral Held

3300

Seized Property

4120

SPC Suspense for MF-BMF

4220

SPC Suspense for MF-IMF

4420

SPC Suspense for NMF

4720

Sales of Seized Property

4980

Liability for Inventory Accounts

6980

Acquired Property Disposed of Other Than by Sale

6985

Profit and Loss on Sale of Acquired Property

7100

Property Acquired in Payment of Taxes

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▸Contents — Internal Revenue Manual Part 3. Submission Processing

Internal Revenue Manual Part 3. Submission Processing

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