{"data":{"id":"us/49-cfr-1018.80","jurisdiction":"us","citation":"49 CFR 1018.80","heading":"Reporting discharged debts to the Internal Revenue Service.","body":"When the Board discharges a debt for less than the full value of the indebtedness, it will report the outstanding balance discharged, not including interest to the Internal Revenue Service, using IRS Form 1099-G or any other form prescribed by the IRS, when:\n(a) The principal amount of the debt not in dispute is $600 or more;\n(b) The obligation has not been discharged in a bankruptcy proceeding; and\n(c) The obligation is no longer collectible either because the time limit in the applicable statute for enforcing collection expired during the tax year, or because during the tax year a formal compromise agreement was reached in which the debtor was legally discharged of all or a portion of the obligation.","path":["Title 49—Transportation","Subtitle B—Other Regulations Relating to Transportation","CHAPTER X—SURFACE TRANSPORTATION BOARD","SUBCHAPTER A—GENERAL RULES AND REGULATIONS","PART 1018—DEBT COLLECTION","Subpart F—Internal Revenue Service Procedure"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-49.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:34Z","sha256":"817b0ba729918aeead0e600b7cb6dda2f8efe90354b5b5e7d29e996413efca4c","source_id":"us-cfr","stale":true,"prev":"us/49-cfr-1018.72","next":"us/49-cfr-1018.90"},"notice":"GroundRules: Original legal text. Not legal advice."}