The Internal Revenue Service mistakenly sent letters to many taxpayers saying it would be reducing their Economic Impact Payments to pay off the taxes they owed.
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Feed SubscriptionTaxpayers 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.
Read More »More flexibility for taxpayers with tax debts amid coronavirus
The IRS is making some changes in its collection program to lessen the burden on taxpayers with outstanding tax debts who are trying to cope with the economic fallout of the COVID-19 pandemic.
Read More »IRS to resume sending balance-due notices despite pandemic
The Internal Revenue Service said Friday it would restart issuing its 500 series of balance-due notices to taxpayers later this month after they were paused on May 9 due to the COVID-19 pandemic.
Read More »IRS will stop sending overdue notices until it catches up on mail backlog
The Internal Revenue Service agreed to quit warnings about unpaid taxes while it works through millions of pieces of unopened mail that have accumulated during the pandemic.
Read More »IRS urged to stop sending notices for unpaid taxes until it catches up on mail backlog
House Ways and Means Chair Richard Neal wants the IRS to quit sending balance due notices for now.
Read More »IRS to start collecting overdue tax payments as AICPA urges continued relief
The service reminded taxpayers they will need to resume paying their taxes on July 15, but the AICPA is asking for further relief, as an inspector general report sheds light on the unprecedented filing season.
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