Electronic Code of Federal Regulations
We invite you to try out our new beta eCFR site at
https://ecfr.federalregister.gov. We have made big
changes to make the eCFR easier to use. Be sure to leave feedback using the Help button on the bottom
right of each page!
|
e-CFR data is current as of September 23, 2020 |
Title 31 → Subtitle B → Chapter II → Subchapter A → Part 256 → Subpart F → §256.51 |
Title 31: Money and Finance: Treasury
PART 256—OBTAINING PAYMENTS FROM THE JUDGMENT FUND AND UNDER PRIVATE RELIEF BILLS
Subpart F—Additional Provisions
§256.51 Does Fiscal Service report Judgment Fund payments to the IRS as income to the payee on IRS Form 1099?
No, Fiscal Service does not report Judgment Fund payments as potential taxable income to the IRS. Fiscal Service does not have sufficient information about the payment to determine if a Form 1099 must be issued or to prepare such a form when required. To the extent any Form 1099 needs to be issued, it is the responsibility of the agency submitting the payment request to do so.