Collection Agencies

The IRS recently stopped its program of outsourcing tax debt collections to private collection companies. While this is great news in our opinion, there are still some states that use collection agencies to collect tax debts.

Dealing with a collection agency can be challenging and frustrating. The collection agency will charge a premium above and beyond the penalties and interest due on the back taxes. This is how the government pays the collection agency. Also, collection agencies are accustomed to collecting consumer debt and are unaware of different payment options available to taxpayers. If you are contacted by a collection agency in regards to back taxes owed, verify their identity before offering any private information.

To resolve your tax problems, please contact Larson Financial today.

The information provided on this website is for general guidance and to offer the user general information on particular subjects of interest. It is not intended to constitute legal, accounting, tax or other professional advice or services. To the extent that this site concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law.
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