CFR > Title 36 - Parks, Forests, and Public Property > CHAPTER X—PRESIDIO TRUST > PART 1011—DEBT COLLECTION > SUBPART B—Procedures To Collect Presidio Trust Debts (§1011.4 to §1011.20) > 1011.7—When will the Presidio Trust compromise a debt?

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.