1. Regulations
  2. title 7
  3. part 3
  4. subpart H
  5. § 3.90

Collapse to view only § 3.90 - Reporting discharged debts to the Internal Revenue Service.

§ 3.90 - Reporting discharged debts to the Internal Revenue Service.

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.

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: 85 FR 36672, June 17, 2020, unless otherwise noted.

CITE AS: 7 CFR 3.90