Newsroom

For press inquiries and requests please contact us via email at [email protected]
  • All
  • Featured Announcements
  • Featured News

Grassley: The Private Debt Collection Program Continues To Grow Revenue

Grassley: The Private Debt Collection Program Continues To Grow Revenue Prepared Floor Remarks by U.S. Senator Chuck Grassley of Iowa The Private Debt Collection Program Continues to Grow Revenue Tuesday, December 7, 2021 Click Here to watch the video of…

IRS Awards New Contracts to Private Collection Agencies

IRS Awards New Contracts to Private Collection Agencies On September 22, 2021, the Internal Revenue Service (IRS) issued a press release announcing it awarded new contracts to three private-sector collection agencies to collect overdue tax debts. The previous contracts with third-party debt…

Grassley: Those Wanting To Close The Tax Gap Need Look No Further Than The Successful IRS Private Debt Collection Program

Grassley: Those Wanting To Close The Tax Gap Need Look No Further Than The Successful IRS Private Debt Collection Program Prepared Floor Remarks by U.S. Senator Chuck Grassley of Iowa Those Wanting to Close the Tax Gap Need Look No…

The IRS Private Debt Collection Program Returns Nearly $1 Billion to Invest in Federal Programs

The IRS Private Debt Collection Program Returns Nearly $1 Billion to Invest in Federal Programs Companies partnered with the IRS have collected $624 million in tax underpayments, while funding SCP collection of an additional $345 million in outstanding tax revenue….

IRS Private Debt Collection Program Doubles Revenue Collected During the Prior Fiscal Year

IRS Private Debt Collection Program Doubles Revenue Collected During the Prior Fiscal Year   $301.7 million in tax revenue, previously thought to be uncollectible, has been collected through September 30, 2019 Washington, D.C. (December 9, 2019) – Today, the Senate…

IRS Private Debt Collection Program Grows Revenue by 70% through Q3 of FY19

IRS Private Debt Collection Program Grows Revenue by 70% through Q3 of FY19 Revenue collected by the Program has nearly exceeded a quarter of a billion dollars and continues to grow. Washington, D.C. (July 19, 2019) – Today, the Senate…

Bipartisan Support Strengthens and Expands the IRS Private Debt Collection Program

Bipartisan Support Strengthens and Expands the IRS Private Debt Collection Program WASHINGTON, DC – June 14, 2019 – The Senate has passed the Taxpayer First Act, an IRS reform bill that includes dozens of provisions to improve IRS customer service,…

IRS Private Debt Collection Program Brings in $130.6 Million

The Senate Finance Committee released a new quarterly report detailing the progress of the Internal Revenue Service (IRS) Private Debt Collection (PDC) Program – which works to bolster the U.S. Treasury and strengthen the effectiveness of the IRS by providing taxpayers with…

Private Tax Collections Seeing Uptick So Far In Fiscal 2019

The pace of collections for the IRS’s private tax debt collection program has picked up in fiscal 2019, with its first-quarter collections amounting to more than half of what it brought in during the entirety of fiscal 2018. The program, mandated by…

Grassley Touts Collection Program

The IRS’ private debt collection program brought in about $30.6 million after costs in the first 10 weeks of fiscal year 2019, according to data released yesterday by the Senate Finance Committee. Committee Chairman Chuck Grassley (R-Iowa) has been a proponent of…

IRS Private Debt Collection Program brings in $130.6 million in tax revenue previously thought to be uncollectible

IRS Private Debt Collection Program brings in $130.6 million in tax revenue previously thought to be uncollectible $23.6 million now in fund to increase IRS internal staffing Washington, D.C. (March 12, 2019) – Today, the Senate Finance Committee released a…

Innovative IRS payment plans help make a dent in the tax gap

Innovative IRS payment plans help make a dent in the tax gap Washington, D.C. (November 28, 2018) – The Internal Revenue Service (IRS) reports that taxpayers with uncontested tax underpayments are responding well to the flexible payment solutions offered by…

Grassley praises private debt collectors’ positive FY18 results

Grassley praises private debt collectors’ positive FY18 results The IRS private debt collector program moved deeper into the black last month, according to data released today by Sen. Chuck Grassley. The partnership has yielded a $22.3 million profit through Sept. 30, the end…

Private Collection Program Boosts IRS Revenue $14.5 Million

Private Collection Program Boosts IRS Revenue $14.5 Million The IRS’s private debt collection program has pulled in $22.3 million since its inception in April 2017, collecting on debts and installment agreements worth $88.7 million. Sen. Charles Grassley, R-Iowa, released the agency’s…

Hill Briefs: Grassley Says IRS Debt Collection Program Paying Off

Hill Briefs: Grassley Says IRS Debt Collection Program Paying Off By Allyson Versprille and Robert Lee | October 30, 2018                   Private Collectors Raise $88.7M The IRS’s private debt collection program has…

IRS Private Debt Collection Program raises $88.7 million

IRS Private Debt Collection Program raises $88.7 million Doubles revenue generated for new IRS staffing Today, Senator Chuck Grassley released the latest quarterly data stemming from the work of the Internal Revenue Service (IRS) Private Debt Collection (PDC) Program –…

Report on IRS Private Debt Collection Program Gives Good Reviews to Agencies, Criticized IRS Management of Program

Report on IRS Private Debt Collection Program Gives Good Reviews to Agencies, Criticized IRS Management of Program The Treasury Inspector General for Tax Administration (TIGTA) issued a report on September 5, 2018, regarding the Internal Revenue Service’s (IRS) most recent attempt at…

ANSWERING PRIVATE COLLECTION CRITICISM

ANSWERING PRIVATE COLLECTION CRITICISM The IRS faces limits in assigning delinquent taxpayer accounts to private debt collectors, the agency said in response to a federal audit that found a 1 percent collection rate for those cases. That low success rate…

Private Debt Collectors Raise $9 Million to Beef Up IRS Compliance Staff

Private Debt Collectors Raise $9 Million to Beef Up IRS Compliance Staff Turning unpaid tax debts over to private collection firms is starting to pay off for the US Treasury and the Internal Revenue Service. While still generating controversy, the…

PCAs receive an A grade on both quality control and customer satisfaction

PCAs receive an A grade on both quality control and customer satisfaction Washington, D.C. (September 10, 2018) – Today, the U.S. Treasury Inspector General for Tax Administration (TIGTA) released a report that shares the first quality control and customer satisfaction…

Grassley: Data Prove Private Debt Collection Pays for Itself

Grassley: Data Prove Private Debt Collection Pays for Itself Senate Finance Committee member Chuck Grassley, R-Iowa, one of the main proponents of the controversial private debt collection program when it was reinstated in 2015, welcomed IRS data released August 23 revealing that the program is…

Grading Private Debt Collectors

GRADING PRIVATE DEBT COLLECTORS:  An IRS program employing private debt collectors to chase outstanding tax obligations has made a slight profit of north of $1 million so far, according to agency’s own figures. The program has collected $56.6 million in…

Debt Collection Program Is Working

Debt Collection Program Is Working IRS data shows the agency’s highly scrutinized private debt-collection program was cash-positive after its first year of operation and is expected to raise “significantly” higher revenue in coming years, the Partnership for Tax Compliance said. …

Year 1 results: IRS Private Debt Collection Program successfully boosts agency and U.S. Treasury

Year 1 results: IRS Private Debt Collection Program successfully boosts agency and U.S. Treasury Washington, D.C. (August 22, 2018) – Today, the Partnership for Tax Compliance praised the results stemming from the first year of the IRS’ Private Debt Collection (PDC)…

Taxpayer Advocate Service misleads Congress about the IRS Private Debt Collection Program

Taxpayer Advocate Service misleads Congress about the IRS Private Debt Collection Program Washington, D.C. (July 9, 2018) – Last week, the Taxpayer Advocate Service (TAS) released a report to Congress advancing false and misleading claims about the IRS Private Debt…

Coalition formed to champion tax fairness and strengthen federal treasury

IRS’ private sector partners in tax recovery efforts commit to increased transparency, public education Washington, D.C. (June 26, 2018) – A group of tax recovery companies from across the nation today announced the launch of a new coalition, the Partnership…