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Cancellation of Debt Triggers Income

Cancellation of Debt Triggers Income

Season 2 Episode 106 Published 7 years, 5 months ago
Description

Owners, borrowers, and guarantors must consider tax implications when seeking debt relief, as many strategies may trigger cancelation of debt (commonly known as COD). On today's show, Ralph outlines what cancellation of debt means for your tax-time bottom line.

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