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 ...

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) ...

After a two-year pause due to the COVID-19 pandemic, the Internal Revenue Service will continue sending out LT38 collection letters to taxpayers. These automated collection notices started going out ...

The IRS stopped sending debt collection notices during the pandemic, but the agency is taking the gloves back off and will soon resume mailing those famously warm and fuzzy letters once again. See: ...

Pioneer is one of three collection agencies -- in New York, Texas and Iowa -- the IRS selected last year to collect amounts it lacks the manpower to collect itself. The private-sector agencies work on ...

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 ...

Do you owe money on your taxes? If so, you might receive notice from the IRS. For the first time in two years, the agency is sending out collection letters to taxpayers with tax debt. The IRS paused ...

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 ...

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 ...

With some limited exceptions, it’s generally an established legal fact that you cannot be made to pay your relatives’ debts. Unless you are a spouse or a co-signer on a loan, your familial obligations ...