31 CFR 902.6 - Consideration of tax consequences to the Government.

Regulations last checked for updates: May 04, 2024

Title 31 - Money and Finance: Treasury last revised: Apr 17, 2024

View all text of Part 902 [§ 902.1 - § 902.7]

§ 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.

authority: 31 U.S.C. 3711.

source: 65 FR 70402, Nov. 22, 2000, unless otherwise noted.

cite as: 31 CFR 902.6