The IRS and Private Collection Agencies

The IRS is required by law to use private agencies to collect some outstanding, inactive tax debts. However, the IRS only uses four private collection agencies to collect these debts. The companies that are currently under contract to assist in the collection of...

2020 Deadlines and Delays

More than ever, this tax season will be riddled with delays despite the extended tax deadline. The Internal Revenue Service was already behind before the COVID-19 outbreak. The IRS closed in late March due to the pandemic. And now they are struggling to re-open and...

Reducing the Tax Gap

Politicians are in constant debate over how to decrease the budget deficit: raise taxes or cut them? Tax researchers often cite a more politically-neutral third option: reduce the “tax gap.” The tax gap is simply the difference between taxes owed and taxes paid....

IRS More Behind Than Ever Before

According to a report from National Review, recent changes to the tax code, staffing issues and aging technologies have created significant administrative challenges for the IRS:   New Rules – There are more than 80 changes to the tax code within the new Tax Cuts...