§ 1011.7 When will the Presidio Trust compromise a debt?

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Title 36—Parks, Forests, and Public Property > CHAPTER X—PRESIDIO TRUST > PART 1011—DEBT COLLECTION > Subpart B—Procedures To Collect Presidio Trust Debts

This text was captured on Sep 22, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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(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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