§213.36. Reporting to Department of the Treasury's Internal Revenue Service.
22 C.F.R. § 213.36
Upon discharge of indebtedness, USAID must report the discharged debt as income to the debtor to the IRS in accordance with the requirements of 26 U.S.C. 6050P and 26 CFR 1.6050P-1. USAID may request Fiscal Service to file such a discharge debt report to the IRS on the Agency's behalf.
Notes, amendments, and revision history
Amendments
[86 FR 31146, June 11, 2021]
Authority
Authority: 22 U.S.C. 2381(a); 31 U.S.C. 902(a); 31 U.S.C. 3701-3719; 5 U.S.C. 5514; 31 CFR part 285; 31 CFR parts 900 through 904.
Source
Source: 67 FR 47258, July 18, 2002, unless otherwise noted.
Amendments
[86 FR 31146, June 11, 2021]