IRS losing money on targeting debts of low-income earners

An in-house IRS watchdog warns that the agency assigned private collectors that targeted low-income citizens because of a law Congress passed.
0:35 | 07/27/18

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Transcript for IRS losing money on targeting debts of low-income earners
OK so the so make you scratch your head and audit has uncovered wasteful spending. At the IRS it found the agency spent twenty million dollars to higher debt collectors but those debt collectors. Only ended up recovering about seven million dollars in back taxes. The report found the collectors targeted mostly low income households. Police in Ohio are investigating an act of vandalism involving education secretary back to the boss. They see someone on tied her family's forty million dollar yacht. And sent it crashing into a dock on Lake Erie causing up to 101000 dollars in damages no arrests have been me.

This transcript has been automatically generated and may not be 100% accurate.

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