Another tax filing season has passed. Our sincere thanks to all of you who helped make this one of the best and busiest tax seasons we have had. Your timely submission of information and cooperation were extremely helpful in the filing and extension process. Thank you ever so much.
Taxes – Next Year!
The most asked about question this season has been what the president’s tax plan will look like. Well, we know as much as you do at this time. He is trying to trim taxes by lowering and eliminating some of the brackets. The key to any changes will be Congress. Stay tuned for developments.
Private IRS Debt Collection Began in April!
The IRS has begun sending letters to notify a small number of taxpayers that their overdue federal tax accounts are being assigned to a private collection agency (PCA). For the most part, these are unpaid individual tax obligations not currently being worked by IRS collection employees. Taxpayers assigned to a private firm would have had multiple contacts from the IRS in previous years and still have an unpaid tax bill.
How the New Program Works.
The IRS will always notify a taxpayer before transferring their account to a PCA. First, the IRS will send a letter to the taxpayer and their tax representative informing them that their account is being assigned to a PCA and giving the PCA’s name and contact information. This mailing will include a copy of Publication 4518, What Can You Expect When the IRS Assigns Your Account to a Private Collection Agency. Only four private groups are participating in this program:
- CBE Group of Cedar Falls, IA;
- Conserve of Fairport, NY;
- Performant of Livermore, CA;
- Pioneer of Horseheads, NY.
The taxpayer’s account will only be assigned to one of these agencies, never to all four. No other private group is authorized to represent the IRS.
On April 24, 2017, police in Mumbai, India arrested 24-year-old Sagar “Shaggy” Thakker, who is alleged to be the mastermind behind Mumbai call centers that scammed millions from US taxpayers. Thakker was extradited from Dubai where he was reported to have fled after his call centers were raided by police in October 2016. In the October raids, Indian police arrested some 75 call center employees in the Thane suburb of Mumbai. Charges included conspiracy to commit identity theft, impersonation of an officer of the United States, wire fraud, and money laundering. A Mumbai newspaper reported that Thakker’s call centers were also involved with banking, pharmacy, grant and other scams.