dcl9727.htm

Federal Tax Refund Offset Fourth Collection Report

May 23, 1997 DC-97-27

TO ALL STATE IV-D DIRECTORS

Re: Federal Tax Refund Offset - Fourth Collection Report for Processing Year 1997

Dear Colleague:

We are very pleased to forward to you the fourth Collection/Adjustment/Address and corresponding Name Change reports for the 1997 Federal Tax Refund Offset Program. Enclosed is the collection report representing the tax refund offsets for the month of May 1997 less the IRS service fee and any adjustments made during this period for the 1992 through 1997 processing years.

The net collection total for May 1997 for 373,922 offsets is $288,128,564 as compared to 414,666 offsets for $315,040,748 in

May 1996. The net Year-To-Date collection total through May is $937,038,136 for 1,058,767 offsets as compared to $864,476,428 for 1,015,230 offsets for processing year 1996. We are currently over 8% ahead of last year's record setting net Year-To-Date collection total.

The transfer of funds through the Automated Clearing House (ACH) for May is scheduled to be accomplished on May 29, 1997 and June's ACH transfer is scheduled to be accomplished on June 20, 1997. Please inform the appropriate personnel of the transfer dates. If you have any questions please contact the Special Collections Unit at (202) 401-9389.

Sincerely,

Anne F. Donovan

Acting Deputy Director

Office of Child Support

Enforcement

Enclosures