IRS starts cracking down on delinquent tax payments

Accounting Today,  November, 2003  by Roger Russell

Tags: Internal Revenue Service, tax

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Most businesses consider accounts receivable an asset, but the Internal Revenue Service doesn't see them that way.

The IRS has more than $280 million in delinquent federal tax outstanding, and is considering tough new strategies, such as using private collection agencies, to help collect some accounts.

The proposed use of private collection agencies--designated as CCS, or collection contract support initiative--is not out of line with what is already going on in other jurisdictions, according to Brady Bennett, director of strategy and finance for the IRS Small Business/Self-Employed Division.

"The proposal is consistent with what's used ...