Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 16 - Commercial Practices |
Chapter I - Federal Trade Commission |
SubChapter A - Organization, Procedures and Rules of Practice |
Part 1 - General Procedures |
Subpart Q - Tax Refund Offset |
§ 1.120 - Purpose.
Latest version.
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§ 1.120 Purpose.
This subpart establishes procedures for the Commission's referral of past-due legally enforceable debts to the Department of the Treasury's Bureau of the Fiscal Service (Fiscal Service) for offset against the tax refund payments of the debtor, consistent with applicable Fiscal Service regulations and definitions set forth in 31 CFR 285.2 and 285.5.