CINCINNATI (WKRC) — The IRS has resumed its efforts to collect tax debt for the first time since the COVID-19 pandemic, leading to increased financial stress for many individuals. It has been noted ...

Private debt collectors recovered $6.7 million of the $920 million in tax debt they were assigned in 2017 despite the program costing the IRS $20 million.

In a February 2024 report, the U.S. Government Accountability Office (GAO) developed recommendations for the IRS to bolster the results and increase the equity of its private debt collection (PDC) ...

WASHINGTON, May 19 (Reuters) - A proposal to make the U.S. Internal Revenue Service hire private companies to collect unpaid taxes is dividing Senate Democrats, with some warning it could lead to ...

Confronting a tax debt and dealing with the IRS can be an incredibly stressful situation for anyone. However, it's crucial to understand that the IRS provides several options if you find yourself ...

Dealing with delinquent tax debt may be one of the most stressful financial challenges a person can encounter. After all, between the mounting penalties, the Internal Revenue Service (IRS) notices and ...

While having any debt can stress you out, owing money to the IRS can become a nightmare if you don’t understand the potential consequences and fail to address your tax debt quickly. One of the better ...

Find out what happens when your unemployment benefits are exhausted and what steps you can take to deal with the aftermath of losing these financial benefits. Whether you’re dreaming of a snowy escape ...

Settling your debt with the IRS is often more achievable than you think. If you're facing IRS tax debt, you're not alone. In 2023, the IRS collected over $104.1 billion in unpaid assessments, but ...

Receiving a notice from the Internal Revenue Service (IRS) about unpaid taxes can trigger feelings of fear, no matter what your original balance is. After all, the combination of the original tax ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...