It is up to you to know what exceptions can eliminate the burden of Cancellation of Debt income. (turbotax.intuit.com)
The C stands for cancellation of debt and the law says cancelled debt is taxable just the same way salary is. (freemoneyfinance.com)
From cancellation of debts to compensation for funeral expenses and more, a life insurance policy is easily the most financially responsible, and financially beneficial decision that a person can make during adulthood. (nationalonlineinsuranceschool.com)