Robison Law Firm
11353 REED HARTMAN HIGHWAY
SUITE 300
CINCINNATI
,
OH
45241
PHONE: 513-412-3483
FAX: 513-412-3482
OUR FAMILY OF
STRATEGIC TAX SERVICES
News
The IRS’s Private Debt Collection Program
Journal of Accountancy
By Gerard H. Schreiber Jr., CPA; Kristine R. Wolbach, CPA; and Marilyn Young, CPA, Ph.D., January 1, 2019
Sec. 6306 requires the Treasury secretary to enter into qualified tax collection contracts with private collection agencies (PCAs) to collect "outstanding inactive tax receivables," and during 2017 the IRS selected four PCAs to participate in the program. Under the statute, a tax receivable means any outstanding assessment included in the "potentially collectible inventory." Read more.