Tax news March 2009

Tax

IRS will end private debt collection program

The Internal Revenue Service announced last week that after conducting an extensive review of the private debt collection program, including the cost effectiveness of the effort, it will not renew its contracts with two private debt collection agencies. A contract with a third company had already expired."After a thorough review of this program, I have decided not to renew the contracts," IRS Commissioner Doug Shulman said in a statement.
Tax

Senators admit to making tax errors and hiring outside accountants

Most accountants prepare their own tax returns, and doesn't it make sense that the folks in Washington who tell the accountants what should and shouldn't go on the tax returns would do the same?

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