Warning: IRS Partners With Debt Collection Companies
Starting in spring of 2017, the IRS plans to allow private debt collection agencies to retrieve outstanding tax debt from consumers on behalf of the government. Signed into federal law under the Fixing America’s Surface Transportation Act (FAST Act) in December 2015, the aim is to help retrieve a whopping $380 billion that the IRS […]
3 Ways Tax Fraud By Prisoners Impacts You
The number of fraudulent tax returns filed by U.S. prisoners has exploded in recent years, representing a growing financial problem and a headache for IRS officials and American taxpayers alike. According to a recent report from the Treasury Inspector General for Tax Administration (TIGTA), back in 2010, prisoners filed 77,563 bogus tax returns in a […]