Cancellation of indebtedness. The IRS code states that if you have a debt canceled you owe tax on the amount of the debt that is canceled. Aren't you glad the Grace of GOD doesn't work this way!
Sponge Homer
Homer H. Hillis, Jr. sponges all kinds of information, business, political and trends. I've been seen on the Sally Jesse Rafeal show with noted trend spotter Faith Popcorn. My Blog will give you an over view of what I'm seeing and reflections on the same.
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