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The Internal Revenue Service has decided to renew the contracts of two companies involved in its controversial private debt collection program.

The two firms - Pioneer Credit Recovery and CBE Group - began doing collection work for the IRS in 2006, according to FederalTimes.com. The private collection program has received criticism from privacy advocates, federal employee unions and National Taxpayer Advocate Nina Olson, for its financial performance and its risk for taxpayer abuse.

According to NTEU, private collection agencies brought

in $31 million in gross revenue for the IRS in 2007, but could bring in less in 2008. Nina Olson reported in January that whether the IRS had allocated $71 million it spent on start-up costs to using its own employees, the agency could have brought in as much as $1.4 billion a year. Hopefully those employees are experienced and seasoned debt collectors that would be able to get the job done as well as a private agency.

Orginal post by Michelle Dunn