Thursday, January 28, 2016
Minneapolis Tax Attorney Explains New Highway Bill Passed
Earlier this month President Barack Obama signed the Fixing America’s Surface Transportation (FAST) Act that will team up the Internal Revenue Service with private debt collection agencies in hopes of receiving payments to past due tax bills and thus helping improve the United State’s economy. Nacsonline.com says the bill itself aims to ”Improve the nation’s infrastructure by providing fiscal certainty to state and local governments, streamlining the environmental review and permitting processes, and improving truck and bus safety.” This works The last time something similar to this occurred was in 2006 and it was ultimately a success. A study had found that 96 percent more customers were even satisfied with the collection agencies. Although together the IRS and the collection agencies had brought in revenue of $98 million, Congress stopped it in 2009 because they felt that it was losing money opposed to gaining enough.