47 CFR § 1.1950 - Reporting discharged debts to the Internal Revenue Service.

---
identifier: "/us/cfr/t47/s1.1950"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "47 CFR § 1.1950 - Reporting discharged debts to the Internal Revenue Service."
title_number: 47
title_name: "Telecommunication"
section_number: "1.1950"
section_name: "Reporting discharged debts to the Internal Revenue Service."
chapter_name: "FEDERAL COMMUNICATIONS COMMISSION"
subchapter_number: "A"
subchapter_name: "GENERAL"
part_number: "1"
part_name: "PRACTICE AND PROCEDURE"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "47 U.S.C. chs. 2, 5, 9, 13; 28 U.S.C. 2461 note; 47 U.S.C. 1754, unless otherwise noted."
cfr_part: "1"
---


# 1.1950 Reporting discharged debts to the Internal Revenue Service.

(a) In accordance with applicable provisions of the Internal Revenue Code and implementing regulations (26 U.S.C. 6050P; 26 CFR 1.6050P-1), when the Commission 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-C or any other form prescribed by the Service, when:

(1) The principle amount of the debt not in dispute is $600 or more; and

(2) The obligation has not been discharged in a bankruptcy proceeding; and

(3) 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 year a formal compromise agreement was reached in which the debtor was legally discharged of all or a portion of the obligation.

(b) The Treasury will prepare the Form 1099-C for those debts transferred to Treasury for collection and deemed uncollectible.