1. LawStack
  2. Title 36 - Parks, Forests, and Public Property
  3. Chapter X - PRESIDIO TRUST
  4. Part 1011 - DEBT COLLECTION
  5. Subpart B - Procedures To Collect Presidio Trust Debts
  6. 36 CFR § 1011.7
36 CFR § 1011.7
When will the Presidio Trust compromise a debt?
November 4, 2020
CFR

(a) Authority. The Presidio Trust may compromise a debt in accordance with the FCCS and such procedures as the Presidio Trust may adopt. (See §1011.16 of this subpart).

(b) Report to IRS. The uncollected portion of a debt owed to the Presidio Trust that is not recovered as the result of a compromise will be reported to the IRS as income to the debtor in accordance with IRS and Presidio Trust procedures.

Previous
§ 1011.10 How will the Presidio Trust use administrative offset (offset of non-tax federal payments) to collect a debt?
Next
§ 1011.6 When will the Presidio Trust allow a debtor to enter into a repayment agreement?

Tried the LawStack mobile app?

Join thousands and try LawStack mobile for FREE today.

  • Carry the law offline, wherever you go.
  • Download CFR, USC, rules, and state law to your mobile device.

Designed and built by Tekk Innovations LLC, the makers of the LawStack iPhone app or Android app.

© 2020 Tekk Innovations LLC