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Here is what the IRS says about these phone scams; this is good information to know!
https://www.irs.gov/uac/newsroom/scam-phone-calls-continue-irs-identifies-five-easy-ways-to-spot-suspicious-calls
But if they do get ahold of you, what do they want? What do they hope to gain?
Caller said our address is under federal investigation from the IRS

I just rec'vd this same call from same number.
What a jerk. Sounded a bit Russian to me.
An arrest warrant, and my physial address (yes, he said physial) is under federal investigation. Hmmm, why would the IRS dept have my address under investigation? The guy calling is such a laughable dipshit, I can't believe anyone would actually fall for it.
These "IRS" calls used to be recorded by obviously Indian persons, trying hard to mimic American accent. This latest one sounds American accent speaking. Either they're operating now in US, or they found someone with the proper accent.