The Internal Revenue Service Oversight Board met in early May to discuss the status of the IRS Private Debt Collection Program, as well as the budget for the IRS’s 2009 fiscal year.
Since last December, the board said that the IRS has turned over 33,824 cases to private collection agencies, with unpaid taxes totaling $218 million. As of last month, the participating contractors had collected $19.47 million in gross revenue. Of that amount, $15.57 million was collected as revenue sent to the Treasury, while the majority of the remaining sum will be paid to the contractors.
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