Code of Federal Regulations · Section
§ 1506.43 — Will Usadf Report A Discharge Of Debt To The Irs?
22 C.F.R. § 1506.43
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Upon discharge of a debt, USADF will report the discharge to the IRS in accordance with the requirements of 26 U.S.C. 6050P and 26 CFR 1.6050P-1. USADF may request the Bureau of Fiscal Services of the Department of Treasury to file such a discharge report to the IRS on the agency's behalf.
Authorizing Statute
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Returns relating to the cancellation of indebtedness by certain entities26 U.S.C. § 6050P
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Installment deduction for indebtedness to the United States5 U.S.C. § 5514
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Reduction of tax refund by amount of debt31 U.S.C. § 3720A
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Congressional findings22 U.S.C. § 290h