Daily Tax Report ®

Hill Briefs: Grassley Says IRS Debt Collection Program Paying Off

Oct. 30, 2018, 11:21 PM

Private debt collectors have brought in $88.7 million for the Internal Revenue Service, according to new data; Republican senators call on the IRS and Treasury Department to keep community banks eligible for the 2017 tax law’s pass-through tax break; and the U.S. Virgin Islands urges Treasury to ask the European Union to remove it and other U.S. territories from a tax haven blacklist.

Private Collectors Raise $88.7M

The IRS’s private debt collection program has raised about $88.7 million to date, according to new data released by Sen. Charles E. Grassley (R-Iowa), one of the program’s advocates.


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