StacksVerified U.S. regulatory reference

22 CFR §34.22

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Once a debt has been closed out for accounting purposes and collection has been terminated, the debt is discharged. STATE must report discharged debt as income to the debtor to the Internal Revenue Service per 26 U.S.C. 6050P and 26 CFR 1.6050P-1.