Troubles with IRS Private Debt Collection

Businessman sitting in office chair, covering his face with his handThe IRS listed 6 risks. The GAO found 10 more.

By CPA Trendlines

Here’s a curious situation: The Internal Revenue Service of the wealthiest nation on earth, with all its power to collect taxes – be it by withholding, by a polite letter of request, by slapping somebody’s assets with a lien, by knocking on a delinquent’s door – sometimes the IRS can’t afford to collect back taxes.

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When it can’t, it gives the power and privilege to a private debt collection (PDC) agency.

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