Is the IRS a Privately Owned Company That Contracts with Department of Treasury?

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In a word: absurd.

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The message in the post reads,"Reminder that the IRS is a privately owned company acting as a permanent contractor for the US Treasury dept, without any actual legal statute authorization."of the Treasury Department, not a private contractor.usually used "Some argue that the Internal Revenue Service is not an agency of the United States but rather a private corporation, because it [allegedly] was not created by positive law," according to the IRS website, which then lays out what the law says about the IRS as a government tax collection agency:

 

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This totally explains why ppl who get a call claiming to be an IRS agent think it makes perfect sense that they can avoid being hauled off to jail if they pay their alleged debts to the IRS over the phone using iTunes gift cards.

If it was private it would be better funded and collect a lot more money than it does

Example provided below. Australian financial advisor and television personality David Koch does NOT endorse this 'ad'!

It's sad that Snopes puts so much effort into debunking false information and scams, but the 'advertisements' inserted throughout their eeb pagrscare blatant ponzi-crypto scams misusing celebrity photos as 'endorsements'. Kinda undermines your credibility somewhat!

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