Last week Senator Chuck Grassley (R-IA) highlighted an IRS report that shows its current Private Debt Collection program is now cash positive, after one year of operation. The controversial program has come and gone over the years (decades, actually), as some have argued it costs more money than it brings in – though supporters would say the measurements used by the critics were flawed.
Mandated by the Fixing America’s Surface Transportation Act, or “FAST Act" signed in late 2015, this will be the third attempt at such a program by the IRS. Earlier programs occurred in 1996 and 2006.
In 2017, Senator Grassley said this about the problem of outstanding IRS debt:
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