"I tried everything . . .calls, letters, even personal visits to get my company’s past due invoices paid" I said to myself, "There’s got to be something I can try before sending it over to our collection agency or attorney." Then, I discovered the KEY to getting paid quickly!

Eliminate your frustration using The IRS Advantage™ Collection System:

• Boost collections with a combination of accounting principles and debtor psychology
  
  
• Slash bad debt write-offs by creating a sense of urgency that CANNOT be ignored
  
  
• Build confidence as a collector because now you have the IRS on your side

I discovered an incredible breakthrough solution . . . the key to getting your invoices paid faster . . . by “Exploiting the Fears of Those in Arrears”

My name is Ben Ricci and about ten years ago, I, just like you, was surfing the internet and other sources in search of a way to collect my company’s most delinquent accounts without having to pay 25% to a collection agency or 35% to an attorney.

In my first year in credit management, I became increasingly frustrated with the small number of past due accounts in which I was spending most of my time trying to collect. I was tired of being lied to and deceived by our customers. I wanted to change the sign on my door to "Accounts Deceivable"! I realized there was no quick answer to my problem.

I believed, however, that there was a solution because the collection agencies I was using were able to collect the accounts I couldn’t in a fraction of the time I was spending. Does this sound familiar?

Imagine If You Could Collect More Past Due Accounts Yourself at a Fraction of the Cost

The constant cycle of calls and stalls, lies and excuses, false promises and frustration can be overwhelming whether you are a newcomer or experienced collector. The situation often escalates and leads to employee burnout, higher bad debts, and increased costs.

The Solution

A while back, I came across a short article in an industry newsletter that mentioned issuing IRS Form 1099s to customers whose accounts were written off. The emphasis of this particular article was to document and substantiate the bad debt tax deduction. To make a long story short - thanks to the help I received from corporate attorneys, the IRS directly, and tax professionals, the IRS collection letter system became the lifeboats on the Titanic for me.

The IRS Advantage™ Collection System

The collection strategy works on the premise of reporting the debt as a loss. The IRS will view this as income to the debtor. It's a well known fact that the IRS routinely runs computer matches of 1099s against your customer's tax filing.

Once your debtor receives the carefully worded collection letter and Form W-9 demanding their tax ID information under mandate of federal penalty, you’ll be surprised how fast a check can arrive in the mail.

The system includes the following:

• Complete instructions and guidelines
  
  
• Collection letter samples for both corporate and consumer accounts (in MS Word)
  
  
• Suggested phone scripts
  
  
• IRS Form W-9 with web links
  
  
• A pre-formatted template of the IRS 10 day demand letter which can be sent out on your company's letterhead
  
  
• IRS Fax Demand template - 4 pages (fax cover sheet template, IRS collection letter, Form W-9 first page and penalties page)
  
  
• Background information with technical addendum to ensure compliance and effectiveness

We are frequently asked, Is the IRS Advantage Collection System™ legal?

The U.S. government office responsible for determining compliance is not the IRS, rather TIGTA. The link to their website is http://www.ustreas.gov/tigta/index.shtml

In February 2005 the complete IRS Advantage Collection System™ was submitted to the US Treasury Department Investigation Unit for review. Case #63-0501-00291 was issued to confirm that the system was not in violation of any usage or misrepresentation issues such as use of IRS emblems or logos, misrepresenting yourself as the IRS, etc.

In addition, among our current clients using the IRS Advantage™ for the collection of their own receivables are thousands of CPA firms and attorney firms. They certainly performed their own due diligence prior to purchasing and implementing the system.

On September 12, 2005, the IRS Advantage™ was featured in the Tax Analysts Tax Notes newsletter. The article was titled "Using Fear of the IRS to Collect Private Debts". Tax Analysts is a leading provider of tax news and analysis for the global community. More than 150,000 tax professionals in law and accounting firms, corporations, and government agencies rely on Tax Analysts' in-depth federal, state, and international content each day. Tax Analysts has the industry's largest tax-dedicated correspondent staff, with more than 250 domestic and international correspondents.

The IRS Advantage™ has also been featured in the following publications:
  •  CFO & Controller Alert newsletter – November 3, 2003
  •  National Small Business Association (NSBA) newsletter – December 1, 2003
  •  Creditandcollectionnews.com online newsletter – July 5, 2005
  •  Wells Fargo Business Banking newsletter – November 2005
  •  What’s Working in Credit & Collections newsletter – March 7, 2007
  •  National Association of Credit Management (NACM) Weekly Update – March 30, 2007
  •  Business Credit Magazine – June 2008
  •  CFO.com website – October 7, 2009