dcl9561.htm

Tax Offset Eighth Collection Report - PY95

September 22, 1995 DC-9561

TO ALL STATE IV-D DIRECTORS

Re: Tax Offset Eighth Collection Report - PY95

Dear Colleague:

We are very pleased to forward to you the Eighth Collection/Adjustment/Address and corresponding Name Change reports for the 1995 Federal Tax Refund Offset Program. Enclosed is the collection report representing the tax refund offsets for the month of September 1995 less the service fee and any adjustments made during this period for the 1990 through 1995 processing years.

The net collection total for September 1995 for 16,759 offsets is $10,771,997 as compared to 13,158 offsets for $7,742,643 in

September 1994. The net year-to-date collection total through September 1995 of $803,952,348 has exceeded the September 1994 total of $685,554,296 by over 17%.

This is the first time that total net collections have exceeded

$800 million. We have also exceeded last year's record setting

total by over $100 million.

The electronic funds transfer (EFT) for September is scheduled to be accomplished on October 6, 1995. If you have any questions pertaining to the tax refund offset program, please feel free to contact the Special Collections Unit at (202) 401-9389.

Sincerely,

David Gray Ross

Deputy Director

Office of Child Support

Enforcement

Enclosures