When will the Presidio Trust compromise a debt?

  1. Law
  2. CFR 36
  3. Parks, Forests, and Public Property
  4. Presidio Trust
  5. Debt Collection
  6. Procedures To Collect Presidio Trust Debts
  7. When will the Presidio Trust compromise a debt?

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§ 1011.7 When will the Presidio Trust compromise a debt?

(a) Authority. The Presidio Trust may compromise a debt in accordance with the FCCS and such procedures as the Presidio Trust may adopt. (See § 1011.16 of this subpart).

(b) Report to IRS. The uncollected portion of a debt owed to the Presidio Trust that is not recovered as the result of a compromise will be reported to the IRS as income to the debtor in accordance with IRS and Presidio Trust procedures.


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