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 contracts with debt collection firms by the beginning of March, but Koskinen said it would...
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