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Ask Ralph: Christian Finance
Oct. 11, 2018

Cancellation of Debt Triggers Income

Cancellation of Debt Triggers Income

Episode 106

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Season 2

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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Thank you for listening to the Ask Ralph podcast. We encourage you to follow us on our social media pages and rate our show. For more information about the topics discussed on the podcast visit Saggio Accounting+PLUS.

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