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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 41 - Public Contracts and Property Management |
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Subtitle C - Federal Property Management Regulations System |
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Chapter 105 - General Services Administration |
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Part 105-55 - Collection of Claims Owed the United States |
§ 105-55.024 - Consideration of tax consequences to the Government.
Latest version.
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§ 105-55.024 Consideration of tax consequences to the Government.
In negotiating a compromise, the General Services Administration (GSA) may consider the tax consequences to the Government. In particular, GSA may 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 § 105-55.030.