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Code · CFR · Title 22 — Foreign Relations · Part 34 — Debt Collection · § 34.22

§ 34.22. Discharge.

42 words·~1 min read·/us/cfr/t22/s§ 34.22·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Once a debt has been closed out for accounting purposes and collection has been terminated, the debt is discharged. STATE must report discharged debt as income to the debtor to the Internal Revenue Service per 26 U.S.C. 6050P and 26 CFR 1.6050P-1.
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  • 26 USC 6050P
  • 26 CFR 1.6050
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§ 34.22
Discharge.
Cite26 USC 6050P
Cite26 CFR 1.6050
Cites 2Cited by 0 across 0 sources
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