26 U.S.C. § 6050P: Returns relating to the cancellation of indebtedness by certain entities

the name, address, and TIN of each person whose indebtedness was discharged during such calendar year, the date of the discharge and the amount of the indebtedness discharged, and such other information as the Secretary may prescribe. Subsection (a) shall not apply to any discharge of less than $600. an executive, judicial, or legislative agency (as defined in section 3701(a)(4) of title 31 , United States Code), and an applicable financial entity. any financial institution described in section 581 or 591(a) and any credit union, the Federal Deposit Insurance Corporation, the Resolution Trust Corporation, the National Credit Union Administration, and any other Federal executive agency (as defined in section 6050M), and any successor or subunit of any of the foregoing, any other corporation which is a direct or indirect subsidiary of an entity referred to in subparagraph (A) but only if, by virtue of being affiliated with such entity, such other corporation is subject to supervision and examination by a Federal or State agency which regulates entities referred to in subparagraph (A), and any organization a significant trade or business of which is the lending of money. In the case of an entity described in paragraph (1)(A) or (2)(B), any return under this section shall be made by the officer or employee appropriately designated for the purpose of making such return. the name and address of the entity required to make such return, and the information required to be shown on the return with respect to such person. In lieu of making a return required under subsection (a), an agency described in subsection (c)(1)(A) may submit to the Secretary (at such time and in such form as the Secretary may by regulations prescribe) information sufficient for the Secretary to complete such a return on behalf of such agency. Upon receipt of such information, the Secretary shall complete such return and provide a copy of such return to such agency. Except as provided in paragraph (2), the amendments made by this section [enacting this section and amending section 6724 of this title ] shall apply to discharges of indebtedness after December 31, 1993 . In the case of an entity referred to in section 6050P(c)(1)(B) of the Internal Revenue Code of 1986 (as added by this section), the amendments made by this section shall apply to discharges of indebtedness after the date of the enactment of this Act [ Aug. 10, 1993 ].”