31 C.F.R. § 285.12 - Transfer of debts to Treasury for collection
| Cite as | 31 C.F.R. § 285.12 |
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50 practice notes
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General Accounting Office; Department of Justice; Department of Treasury,
...to transfer debts to Treasury for debt collection services, e.g., debts are less than 180 days delinquent. See 31 U.S.C. 3711(g); 31 CFR 285.12(e). Agencies also may refer debts to a private collection contractor listed on FMS's schedule of private collection contractors provided they do so......
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General Accounting Office; Department of Justice; Department of Treasury,
...to transfer debts to Treasury for debt collection services, e.g., debts are less than 180 days delinquent. See 31 U.S.C. 3711(g); 31 CFR 285.12(e). Agencies also may refer debts to a private collection contractor listed on FMS's schedule of private collection contractors provided they do so......
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Treasury Department,
...to the Financial Management Service for debt collection services, a process known as ``cross-servicing.'' See 31 U.S.C. 3711(g) and 31 CFR 285.12. Treasury entities may transfer debts delinquent 180 days or less to the Financial Management Service in accordance with the procedures described......
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Federal claims collection:
Debt management,
...number is unknown the applicable threshold is $100), that has or have been delinquent for a period of 180 days or more in accordance with 31 CFR 285.12 so that Treasury may take appropriate action on behalf of the creditor agency to collect or compromise, or to suspend or terminate collecti......
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8 cases
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Portland Cmty. Coll. v. United States Dep't of Veterans Affairs, 3:21-cv-01658-AR
...that the debts being transferred are valid, legally enforceable, and that there are no legal bars to collection.'” id. (quoting 31 C.F.R. § 285.12(i)). Although the VA argues that it has returned the offset funds to PCC, PCC contends that the VA has not yet revoked its certification that th......
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Klamath Cmty. Coll. v. United States Dep't of Veterans Affairs, 1:21-cv-01700-CL
...the debt to the Treasury for collection. Treasury's process is to offset the debt and begin collection efforts. Treasury regulation 31 C.F.R. § 285.12(i) provides that “[b]efore a debt may be transferred to Fiscal Service or another debt collection center, the [VA] must certify, in writing,......
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Klamath Cmty. Coll. v. United States Dep't of Veterans Affairs, 1:21-cv-01700-CL
...the debt to the Treasury for collection. Treasury's process is to offset the debt and begin collection efforts. Treasury regulation 31 C.F.R. § 285.12(i) provides that “[b]efore a debt may be transferred to Fiscal Service or another debt collection center, the [VA] must certify, in writing,......
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Satterlee v. Internal Revenue Serv., 6:21-cv-03046-RK
...Regulations) for years ending 1998 through 2018 complete with all certifications and signatures.” In this request, Plaintiff cites 31 C.F.R. § 285.12(i). (See Docs. 37-1 at ¶ 10; 43 at 26.) The regulation cited by Plaintiff provides as follows: Certification. Before a debt may be transferre......
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2 firm's commentaries
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Developing a Strategy to Fight FBAR Penalties
...cannot be compromised by Appeals without approval of the Justice Department). [24] See 31 U.S.C. §3711(g); 31 C.F.R. §5.9, and 31 C.F.R. §285.12(c). [25] 31 U.S.C. §3711(g)(9)(H). [26] 31 U.S.C. §5321(b)(2). [27] 28 U.S.C. §1355. [28] Once assessed, the FBAR penalty becomes a debt of the ac......
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Developing A Strategy To Fight FBAR Penalties
...$100,000 cannot be compromised by Appeals without approval of the Justice Department). 24 See 31 U.S.C. §3711(g); 31 C.F.R. §5.9, and 31 C.F.R. §285.12(c). 25 31 U.S.C. §3711(g)(9)(H). 26 31 U.S.C. §5321(b)(2). 27 28 U.S.C. §1355. 28 Once assessed, the FBAR penalty becomes a debt of the acc......