The Michigan Collection Report is a crucial document that provides comprehensive information about the collections of taxes, fines, and debts owed to the state of Michigan. It serves as a critical tool for monitoring and managing overdue accounts and ensuring compliance with state laws and regulations. By analyzing this report, government agencies, organizations, and individuals can assess the financial health of the state and make informed decisions regarding revenue allocation and revenue recovery efforts. Key areas covered in the Michigan Collection Report include: 1. Tax Collections: This section of the report focuses on unpaid taxes owed to the state, such as income tax, property tax, sales tax, and corporate tax. It provides details on the amount owed, the type of taxes, and the measures taken to collect the outstanding amounts. 2. Fine Collections: Michigan Collection Report includes fines levied by courts for various violations, such as traffic offenses, criminal charges, or administrative penalties. This section outlines the fines imposed, outstanding balances, and efforts made to recover the unpaid fines. 3. Debt Collections: It covers the collection of debts owed to state agencies, including student loans, child support, healthcare bills, court-ordered payments, and various fees. This section highlights the outstanding debts, payment plans, and enforcement actions taken for debt recovery. 4. Collection Agencies: The Michigan Collection Report may also include information on collection agencies hired by the state to recover overdue payments. It outlines the agencies' performance, collection activities, and fees charged for their services. 5. Delinquency Rates: This section provides an overview of the delinquency rates for different types of taxes, fines, and debts. It helps identify problematic areas and enables policymakers to prioritize efforts to improve collection rates and enforcement. Types of Michigan Collection Reports: 1. Annual Michigan Collection Report: This comprehensive report is released annually and covers the overall collections and debts owed over the course of a fiscal year. It includes detailed information across various categories like tax collections, fine collections, debt collections, and delinquency rates. 2. Quarterly Michigan Collection Report: This report is issued quarterly and provides a snapshot of the collections and debts for that specific quarter. It allows for closer monitoring and evaluation of the state's financial performance over a shorter period. 3. Department-Specific Reports: These reports focus on collections and debts specific to a particular state department or agency. For instance, the Michigan Department of Treasury may generate reports specifically related to tax collections, whereas the Michigan Courts may generate reports on fine collections. In summary, the Michigan Collection Report is an invaluable resource for assessing the state's revenue collection efforts and managing outstanding debts. It provides detailed information on taxes, fines, and debts owed to the state, allowing for effective financial decision-making and enforcement actions.
Michigan Collection Report
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How to fill out Michigan Collection Report?
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FAQ
Under the authority of Public Act 122 of 1941 , as amended, the Collection Services Bureau is responsible for the collection of all delinquent state tax accounts for the State of Michigan. The Department may proceed to collect your delinquent tax debt by using several different enforcement methods.
You can access your federal tax account through a secure login at IRS.gov/account. Once in your account, you can view the amount you owe along with details of your balance, view 18 months of payment history, access Get Transcript, and view key information from your current year tax return.
The Collection Services Bureau can use an enforcement action for a minimum of 6 years to collect the debt. The 6 year period, known as the statute of limitations, may be extended by certain actions such as a court judgment.
Collection Agents must be licensed by the Department of Licensing and Regulatory Affairs.
What is my Collections assessment number and where can I locate it? Your assessment numbers can be located by looking at the "ASSESSMENT NUMBER" column of any correspondence received in reference to your Collections account. Valid assessment numbers are 7 characters in length and begin with a letter.
Your account number is your Social Security or tax identification number.If you don't understand why you received your bill, please contact the appropriate Tax Division at the number below:To pay your debt or other questions about your delinquent account, call Treasury Collection Services Bureau at 517-636-5265.More items...
The Michigan Department of Treasury contracts with a private collection agency, GC Services LP, to help us collect the delinquent tax, penalty and interest owed to the State of Michigan.
Your account number is your Social Security or tax identification number.If you don't understand why you received your bill, please contact the appropriate Tax Division at the number below:To pay your debt or other questions about your delinquent account, call Treasury Collection Services Bureau at 517-636-5265.More items...
