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Taxpayers in the United States may have tax consequences when debt is cancelled. This is commonly known as cancellation-of-debt (COD) income.According to the Internal Revenue Code, the discharge of indebtedness must be included in a taxpayer's gross income. [1]
The Supreme Court is weighing new boundaries for corporate America as its term ends in the coming weeks. ... by passing bankruptcy laws, meant to deprive personal injury victims of their right to ...
The One Hundred Thirty-Fifth Ohio General Assembly is the current meeting of the Ohio state legislature, composed of the Ohio Senate and the Ohio House of Representatives.It convened in Columbus, Ohio on January 3, 2023, and is scheduled to adjourn on December 31, 2024.
Races this Election Day will provide insight into the political environment before the 2024 election. And office-sharing company WeWork files for bankruptcy protection. Here's what to know today.
Under the new law, the homestead exemption, which allows bankruptcy filers in some states to exempt the value of their homes from creditors, is limited in various ways. If a filer acquired their home less than 1,215 days (40 months) before filing, or if they have been convicted of security law violations or been found guilty of certain crimes ...
Ohio voters will help choose the next president, determine control of the U.S. Senate and decide who they want to represent them in Columbus. Ohio elections: Remember these dates to vote in 2024 ...
The choice of August 8th as the date to hold this election was a controversial and highly criticized move. Elections that are not scheduled traditionally after the first Monday in November in Ohio, especially in years where there is not a presidential or gubernatorial race, are well known for having much lower voter turnout than other elections ...
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