Taxpayers defaulted on over half of payment arrangements with private debt collectors

Private collection agencies that have contracted with the Internal Revenue Service to collect overdue tax debts have collected nearly $500 million since 2017, according to a new report, but that’s just a fraction of the over $30 billion owed.

Original Article Posted at : https://www.accountingtoday.com/news/taxpayers-defaulted-on-over-half-of-payment-arrangements-with-private-debt-collectors