 |
Code of Federal Regulations (Last Updated: July 5, 2024) |
 |
Title 36 - Parks, Forests, and Public Property |
|
Chapter X - Presidio Trust |
|
Part 1011 - Debt Collection |
|
Subpart B - Procedures To Collect Presidio Trust Debts |
§ 1011.7 - When will the Presidio Trust compromise a debt?
Latest version.
-
§ 1011.7 When will the Presidio Trust compromise a debt?
(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.