Cancellation of Debt Triggers Income
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.
Submit your questions or ideas for future shows, tweet us at @askralphmedia or email us at askralph@askralphmedia.com.
Like us on Facebook and follow us on Twitter (@askralphmedia) or visit www.askralphmedia.com for more information.
To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to www.askralph.com for more information!
Comments
Post a Comment