Cancellation Of Indebtedness Income: How To Avoid Paying Tax
![Cancellation of Debt (COD) Income](https://morristaxadvisors.com/wp-content/uploads/2024/06/COD.webp)
When you have debt that is forgiven or canceled, you may be required to pay taxes on the amount that is forgiven. This can be a huge burden, especially if the amount of debt that is forgiven is large. When you have debt that is forgiven or canceled, you may be required to pay taxes […]