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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 31 - Money and Finance: Treasury |
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Subtitle B - Regulations Relating to Money and Finance |
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Chapter IX - Federal Claims Collection Standards (Department of the Treasury - Department of Justice) |
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Part 902 - Standards for the Compromise of Claims |
§ 902.6 - Consideration of tax consequences to the Government.
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§ 902.6 Consideration of tax consequences to the Government.
In negotiating a compromise, agencies should consider the tax consequences to the Government. In particular, agencies should consider requiring a waiver of tax-loss-carry-forward and tax-loss-carry-back rights of the debtor. For information on discharge of indebtedness reporting requirements see § 903.5 of this chapter.