22 CFR 1506.43 - Will USADF report a discharge of debt to the IRS?

Regulations last checked for updates: May 19, 2024

Title 22 - Foreign Relations last revised: May 13, 2024

View all text of Subpart F [§ 1506.42 - § 1506.43]

§ 1506.43 - Will USADF report a discharge of debt to the IRS?

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.

authority: Title V of the International Security and Development Cooperation Act of 1980, 22 U.S.C. 290h; 31 U.S.C. 3701-3719; 5 U.S.C. 5514; 31 CFR part 285; 31 CFR 900-904; 5 CFR 550, subpart K; 31 U.S.C. 3720A.

source: 81 FR 95028, Dec. 27, 2016, unless otherwise noted.

cite as: 22 CFR 1506.43