[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR902.6]



[Page 970]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

   CHAPTER IX--FEDERAL CLAIMS COLLECTION STANDARDS (DEPARTMENT OF THE 

                    TREASURY--DEPARTMENT OF JUSTICE)

 

PART 902_STANDARDS FOR THE COMPROMISE OF CLAIMS--Table of Contents

 

Sec. 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 Sec. 903.5 of this chapter.