If you're behind on you're taxes, you could get a phone call from an unexpected place this year.
For-profit debt collectors have been hired by the IRS to chase down long-overdue taxes that the government agency lacks the resources to work on. Four companies were selected for the new contracts, including one whose parent company is currently being sued by the US government over its student loan debt collection practices.
Pioneer Credit Recovery is a subsidiary of the student loan giant Navient; both companies were the subject of a Consumer Financial Protection Bureau lawsuit filed in January. Pioneer was selected for one of the IRS debt collection contacts last September, alongside ConServe, Performant and CBE Group.
Navient, formerly known as Sallie Mae, currently holds a federal government
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A 1996 pilot program to use private contractors left the IRS with more money spent than retrieved. It reported $4.1 million in expenses by the end of the program in January 1997, with only $3.1 million in collections, according to a Government Accountability Office report.
Ben Barrett, a program associate with the education policy program at the progressive New America foundation, told BuzzFeed News that the government contracting with a private collector poses certain profit incentives that could open up "unsavory practices, illegal practices."
But he also said a private contractor, with IRS oversight, could collect debts with more efficiency than the government. The Treasury Department said in 2016 that its pilot program to collect on defaulted student loans with a gentler approach failed in comparison to private companies.
"Obviously nobody should be doing anything illegal," he said. "You should never cross that line. In so far as they can adhere to the law and get a delinquent taxpayer on the phone through whatever legal means necessary, that’s not necessarily a bad
So there will always be negativity toward debt collection but remember a lot of debt collection agencies may not act the way you would like them to. Furthermore, it shows from time to time. If you have ever had to deal with a debt collector, you know some of them can be persistent, and
The operator of this website, LendYou.com is not a lender but a loan broker with a large network of authorized lenders. LendYou.com is an advertising referral service to qualified participating lenders that are able to provide payday loan amounts between $100 and $1,000 in cash advance loans and up to $5000 for installment loans. Not all creditors can provide these amounts and there is no guarantee that you’ll be accepted by an independent participating lender. The service does not constitute an offer or in any way a solicitation for payday loan products that are prohibited by any state law. LendYou.com do not endorse or charge for any service or product. Any payment received is paid by participating creditors and only for advertising services
Now let us begin with the admission of the US attorney general that the IRS is not an agency of the Federal Government. What they actually admit it?...why yes they do in (Diversified metal Products v. IRS etal. CV-93-405E-EJE U.S.D.C.D.I.) You can click on the citation for a complete text of the discovery document and I refer you to discovery question No. 4 on page 2 where the attorney general specifically denies that the IRS is an agency of the Government. Holy cow!
Assist in gathering data and analyzing information for preparation and completion of annual federal and state income and franchise tax returns including quarterly federal and state estimated payments as well as extensions
Here on our website you will be able to find answers to many of the questions that you may have about the tax problems facing you. If you do not locate an answer to your questions don’t hesitate to contact us by phone or online by filling out the form on the contact page. We will get back to you as quickly as possible without any obligation.
When experiencing tax liabilities or other tax problems, it is better to take action immediately. Therefore, it is better not to wait pending the completion of the audit or the collector is at your doorstep. Our tax law firm mainly focuses on support, strategy and the quickest possible resolutions that assist you in taking control over your tax issues.
Attorneys are also familiar with all of the debt settlement programs that are available. There are a number of programs available that can help both business and individuals re-pay their past debts.
There are all kinds of credit repair agencies advertising their services today. More consumers are being cautious about approaching some of these companies for credit repair help because if the increased warnings about fraudulent activities and high costs for services that aren't even real.
The caller claims to be from the IRS, and states that monies are owed, that the IRS is filing suit against the recipient of the call, and that a warrant is being issued for the call recipient’s arrest, unless funds are paid and information is given. Sometimes it is an automated call that instructs the call recipient to call back. This is a scam. The IRS does NOT call individuals regarding any tax issues. If you, a friend or family member, or a customer receives one of these calls, hang up. If a message is received, do not call back. The United States Treasury and the IRS are aware of these scam calls, and have warnings on their websites
I am reaching out to you regarding the refund of the insurance products. It's been 3 weeks after we spoke and I haven't received the $450 refund to my Chase Auto loan account as you have promised to me.
The electronic filing method provides an electronic postmark confirmation that a return has been filed on time. Now refunds can arrive in as little as 7 days, which is great for the taxpayers that honestly deserve it. Since filing and preparing have become electronic, “…businesses like the do it yourself tax software programs (H&R Block’s Tax Software and Intuits’ Turbo Tax) have made it even easier for identity thieves to file false returns”
What working professionals need to do is to gather valuable documents now. The paperwork is the deciding factor between a refund and an outstanding bill to pay. The paperwork to gather includes the W-2 forms, 1099 forms, PayPal copies, business expense receipts, investment papers, charitable donations documents, and proof of health insurance. A major reason taxpayers miss out on deductions is a lack of
If you call us, we will explain to you the nature of your tax problem and the strategies you can use to resolve it permanently so it no longer threatens your economic life.
Private child support collection services become necessary in recent years. They are necessary because of the many families that have had to go without court-ordered child support payments. The problem is that many parents fail to pay their child support payments on a regular basis. These deadbeat parents may also take a variety of steps to get out of their financial responsibilities. Those steps can make it difficult for government agencies to collect. The collection methods used by the state may include placing liens on property, but these liens are not always effective.
In drafting the response or getting ready for the appointment, the taxpayer should examine very carefully the issues stated in the contact letter. The taxpayer should also plan an audit defense and to determine whether the issues are localized in one year or potentially broaden to other years.