Collection Cos. to Bid for IRS Jobs

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As the Internal Revenue Service said that a decision to request contract bids to outsource tax collecting for the first time is "imminent", debt collectors are getting ready to place bids. Pioneer Credit Recovery Inc., a unit of Reston,Va.-student lender Sallie Mae, said it plans to bid for the work.

Timothy Bauer, vice president of the St. Louis-based collector Outsourcing Solutions Inc. said the industry is "anxiously looking at the potential" of the IRS outsourcing.

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