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Taxpayers in the United States may have tax consequences when debt is cancelled. This is commonly known as COD (Cancellation of Debt) Income. According to the Internal Revenue Code, the discharge of indebtedness must be included in a taxpayer's gross income. There are exceptions to this rule ... Read Article
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2 Tools to Help You Get Out of Debt I. Three attributes that cause debt: A. Impulse spending. When you weren’t planning on buying something but ... Read Content
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GETTING OUT OF DEBT
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