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Tag: Cancellation of Debt

COD Income: Do You Count Pension Payments?

If you have a right to receive $1 in the future, is that right an asset? Our tax laws would generally say that it is. What if you cannot assign the right to receive the $1 and you cannot accelerate the payment? At what point is the right to receive the $1 not an asset……

Continue reading COD Income: Do You Count Pension Payments?
Published May 2, 2021
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