IRS: banks require taxes be up-to-date when applying for a mortgage, just figured out why It's because the banks are part of the Federal Reserve system, which the IRS is a part of. I always wondered this, back when I was buying property -- why would a bank care if I was up-to-date or not? Now it makes sense.  Am waiting with anticipation for the [DS] to be dealt with, and Q and President Trump moving on to eliminate the debt-based economy.  Which includes ridding ourselves of the IRS and the current banks.