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IRS Spends 20 Mil to Recoup 6.7 Mil From the Poor
#1
The Internal Revenue Service (IRS) spent millions of dollars over the past financial year to contract private debt collectors that targeted some of Americas poorest citizens for unpaid taxes and only recovered a small fraction of the funds they were supposed to return to the agency, a new report released on Wednesday found.

The report, by the independent Taxpayer Advocate Service, found that the debt collectors had cost the IRS $20 million but had only brought in $6.7 million — less than one percent of the total amount targeted for collection. In some cases, the private agencies received commissions for work they hadn’t actually carried out.

But perhaps more damning was the Americans that the debt collection firms targeted. Congress directed the beleaguered IRS to use private contractors in 2015 in an attempt to make some headway into the $450 billion of unpaid taxesowed to the federal government. The contractors, however, were expected to adhere to the IRS rule that is supposed to ensure that taxpayers “have adequate means to provide for basic expenses.” But as USA Today reports, of the 4,141 taxpayers assigned to the private contractors, 19 percent had a medium income below the federal poverty level and an additional 25 percent had income below 250 percent of the federal poverty level — a common indicator of low income.

The report concluded that the use of private debt collectors was one of the agency’s “most serious problems.”

https://www.blacklistednews.com/IRS_paid...8/Y/M.html
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#2
(01-11-2018, 03:52 PM)jedijuju Wrote: The Internal Revenue Service (IRS) spent millions of dollars over the past financial year to contract private debt collectors that targeted some of Americas poorest citizens for unpaid taxes and only recovered a small fraction of the funds they were supposed to return to the agency, a new report released on Wednesday found.

The report, by the independent Taxpayer Advocate Service, found that the debt collectors had cost the IRS $20 million but had only brought in $6.7 million — less than one percent of the total amount targeted for collection. In some cases, the private agencies received commissions for work they hadn’t actually carried out.

But perhaps more damning was the Americans that the debt collection firms targeted. Congress directed the beleaguered IRS to use private contractors in 2015 in an attempt to make some headway into the $450 billion of unpaid taxesowed to the federal government. The contractors, however, were expected to adhere to the IRS rule that is supposed to ensure that taxpayers “have adequate means to provide for basic expenses.” But as USA Today reports, of the 4,141 taxpayers assigned to the private contractors, 19 percent had a medium income below the federal poverty level and an additional 25 percent had income below 250 percent of the federal poverty level — a common indicator of low income.

The report concluded that the use of private debt collectors was one of the agency’s “most serious problems.”

https://www.blacklistednews.com/IRS_paid...8/Y/M.html

This is why I work for peanuts..

Wink
I'm never bored, I just make good use of my free time..
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#3
Wow, no wonder we are going broke. Poor people like that should be exempt from taxes anyway.
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#4
(01-11-2018, 04:00 PM)titanic1 Wrote: Wow, no wonder we are going broke.  Poor people like that should be exempt from taxes anyway.

They find other ways.They got an old and 'supposedly' forgiven student loan reinstated with hubby.
He was disabled when he went back to school and the reason he didn't finish the semester(and why he has to pay back) is because he was in the hospital for several weeks.
I got a letter from a private collection agency when he was in the hospital last time.
I trash canned it.
"Tradition is not the worship of ashes but the preservation of fire"~ Marion Le Pen
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#5
That sucks that you guys have to pay that back.  Here you can go broke on anything except the government including Student loans.  The thing is, it seems like there is no real need to go bankrupt here.  There is a thing called the statute of limitation which restricts these collection agencies, here it is 2 years.  Well in 2 years if they haven't sued you, its game over for the creditors and landlords.  You should check your State's statute of limitations for debt.  Then as long as you don't acknowledge the debt with a payment, it will ride out till its off your credit bureau, here in 6 years.  Bankruptcy is still a 7 year stretch and you have to pay for that.  Plus it goes on your permanent record.  This method just times things out.

https://www.youtube.com/watch?v=30t83Xf9VQ4

Another thing to do is to get your credit report and question your debts to Equifax. Then they have to prove you owe the debt. If you don't get proof from Equifax that you owe the debt, they remove it from your credit bureau. This will work good even for Canadians what with the equifax break in. If they can't produce the documents, they remove the debt and sometimes they can't find the documents.
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#6
(01-11-2018, 03:52 PM)jedijuju Wrote: The Internal Revenue Service (IRS) spent millions of dollars over the past financial year to contract private debt collectors that targeted some of Americas poorest citizens for unpaid taxes and only recovered a small fraction of the funds they were supposed to return to the agency, a new report released on Wednesday found.

The report, by the independent Taxpayer Advocate Service, found that the debt collectors had cost the IRS $20 million but had only brought in $6.7 million — less than one percent of the total amount targeted for collection. In some cases, the private agencies received commissions for work they hadn’t actually carried out.

But perhaps more damning was the Americans that the debt collection firms targeted. Congress directed the beleaguered IRS to use private contractors in 2015 in an attempt to make some headway into the $450 billion of unpaid taxesowed to the federal government. The contractors, however, were expected to adhere to the IRS rule that is supposed to ensure that taxpayers “have adequate means to provide for basic expenses.” But as USA Today reports, of the 4,141 taxpayers assigned to the private contractors, 19 percent had a medium income below the federal poverty level and an additional 25 percent had income below 250 percent of the federal poverty level — a common indicator of low income.

The report concluded that the use of private debt collectors was one of the agency’s “most serious problems.”

https://www.blacklistednews.com/IRS_paid...8/Y/M.html

Oh Obama
I do like a man to be a man around me, macho man is back big time, loving it guys, awesomeness. Chiron in Aries, such passion, devotion and dedication, all on purpose. Dad would love it and the adrenaline.  As Jesus said, the only law worthy of humanity is the law that brings freedom. Sargon is on in Downing Street, London, best speech to go viral. MyCode. https://www.youtube.com/watch?v=Qj6qPcxu-o0



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#7
Whoever came up with the idea should be fired. Imagine running a private sector business that way.
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#8
https://www.youtube.com/watch?v=75SEy1qu71I
1 of 7000 Reserved
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