Posts tagged as:

collections

Ask the taxgirl: Statute of Limitations

18 October 2010

Taxpayer asks: Any site that you can provide related to the statue of limitations of unpaid individual income taxes? The tax periods in questions are from 1982 – 1987. taxgirl says: This is actually a tricky question because so many things need to be taken into account. Here are some general principles: Under IRC section [...]

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Tax trivia: Private Collections

11 March 2009

We have a winner! See comments! Our next tax trivia question is: The IRS announced this month that they would no longer be using the private collections companies authorized during the Bush administration. The Bush administration was not the first to have tried using private companies for collection. Which former President also authorized private companies [...]

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IRS Reverses Course on Collections

7 March 2009

IRS Commissioner Doug Shulman has announced that the IRS will not renew its contracts with two private debt collection agencies. Those contracts expire this year. You may recall that I was not a fan of turning over collections matters to private companies. Like many other tax professionals, I had concerns about the tactics used by [...]

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When Bad Things Happen

12 February 2008

It’s kind of appropriate that the crisis management post that I had planned was to hit today. You see, I’m a little backed up on my things to do because, well, I had a crisis, of sorts. Following up on weeks (and weeks!) of my children contracting every bug/virus/infection known to man, I got slammed [...]

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House Cleaning.

10 October 2007

The House has approved legislation that would end the extremely unpopular program that allows private collection agencies to collect tax debts for the IRS. The IRS had previously argued that the policy was not financially viable. Of the $32 million brought in since the collection bill went into effect, the IRS collected $7 million on [...]

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You Mean the IRS is Going to Collect Taxes?

19 July 2007

What? You think that’s crazy talk? You would if you have been following the debacle that is allowing private debt collectors to pursue the collection of taxes even though it is more expensive and is expected to collect fewer tax dollars. Government at its finest, no? Concerns about privatizing tax collections have included privacy issues, [...]

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The Poll Tax is Gone But…

8 July 2007

Voting and paying taxes are still hand in hand. The IRS has admitted that it has collected information on the political party affiliations of taxpayers in 20 states, while vowing that it has never used the information. This, of course, begs the question “why do it?” The states for which political party affiliation data were [...]

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