§3.90. Reporting discharged debts to the Internal Revenue Service.
7 C.F.R. § 3.90
When USDA discharges a debt, whether for the full value or less, it will report the discharge to the Internal Revenue Service (IRS) in accordance with current IRS instructions.
Notes, amendments, and revision history
Authority
Authority: 26 U.S.C. 61; 31 U.S.C. 3720A.
Authority
Authority: 5 U.S.C. 301; 7 U.S.C. 1506, 1981, 1981a, 1981d, and 2008h; 15 U.S.C. 714b; 31 U.S.C. 3701, 3711, 3716-18, and 3720B; and 31 CFR parts 285 and 901-904.
Source
Source: 85 FR 36672, June 17, 2020, unless otherwise noted.