IRS is eliminating its private debt collection program after three years. But that doesn’t mean those back taxes will go uncollected. The much-criticized program was likely to get axed by Congress anyway — many felt the program cost more to implement than it actually collected.

Now, IRS will continue to go after unpaid taxes using internal resources: It plans to hire approximately 1,000 new collection agents this year.

Tags: Accounting, Collections, IRS, Penalties, Tax compliance