A new quarterly report to Congress on the Internal Revenue Service’s (IRS) Private Debt Collection (PDC) Program shows continued success. Since the third iteration of the PDC Program was implemented, it brought in total revenue of over $130.6 million. Less the overall costs of the program, which were $77.6 million, the program’s latest net balance is $52.9 million. The report focuses on Fiscal Year 2019, which begins on October 1 for the federal government, through December 13, 2018.
The IRS has contracts with four collection agencies for this program: CBE, ConServe, Performant, and Pioneer. The number and balance amount of receivables placed among the four agencies seems to be a roughly even spread.
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