tax season debt collection strategy

Start Early on Tax Season Debt Collection Strategy

In early December, the IRS will announce the official start of the 2018 tax season, designating the date the bureau begins processing electronic tax returns. The related press release will also include the filing deadline for submitting 2017 tax returns. The traditional April 15 deadline falls on a Sunday in 2018, so the closing time is expected to be extended to midnight, Monday or Tuesday, April 16 or 17 to coincide with the weekday operations of the US Postal Service.

debt collection

Improving Debt Collection Performance with Metrics

U.S. consumer debt hit $12.84 trillion in Q2 of 2017, with delinquent debt reaching $612 billion and seriously delinquent debt — at least 90 days late — rising to $411 billion, according to the Federal Reserve Bank of New York’s quarterly report. In response, many businesses are contracting with debt collection agencies. To produce favorable results, best-in-class agencies monitor, quantify and evaluate three key metrics — performance, scorecards and reports.

Optio Solutions

Alicia L. Durand Appointed to In-House Counsel at Optio Solutions

Petaluma, Calif. (September 11, 2017) — Optio Solutions, an accounts receivable management firm, has appointed Alicia L. Durand to the position of in-house counsel and manager of corporate compliance. She reports directly to President and CEO Chris Schumacher. Prior to joining Optio Solutions, Durand fulfilled several positions at the Sonoma County Office of the District…