The IRS is revving up its private debt collection program, assigning collection companies thousands of more accounts. Our Aaron Lorenzo got an exclusive look at some numbers showing that each of the four companies involved in the program are on pace to be assigned about 40,000 cases this month, up from roughly 12,000 each per month during the 2018 fiscal year. “A total of more than 1.9 million accounts will get turned over on an annual basis at the new rate, putting it near the peak intended amount,” Aaron writes. The program has notched a $22.3 million profit since its launch in April 2017, though it lost money during fiscal 2016 and 2017 due to startup costs.


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