IRS Will Miss Private Debt Collection Contract Deadline

Law360, New York (February 10, 2016, 4:07 PM EST) -- The Internal Revenue Service will miss a statutory deadline of March 1 to sign contracts with private debt collection firms to assist the agency with collecting unpaid tax obligations, Commissioner John Koskinen told members of Congress Wednesday.

In December, Congress passed and President Barack Obama signed into law the Fixing America’s Surface Transportation Act, a five-year surface transportation funding bill, which included a mandate for the IRS to partner with private debt collection agencies to recover past due taxes. The law says the agency must sign...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.