Indebtedness

Some articles on indebtedness:

Cancellation Of Debt (COD) Income - Exclusions - Requirements
... under these exclusions, the taxpayer's indebtedness must result from either indebtedness for which the taxpayer is liable or indebtedness subject to which the taxpayer holds property For example, if the ...
Cancellation Of Debt (COD) Income - Exclusions - Qualified Farm Indebtedness
... A taxpayer has qualified farm indebtedness if such indebtedness was incurred directly in connection with the taxpayer's trade or business in farming and ...
Cancellation Of Debt (COD) Income - Exclusions
... There are several exceptions If the discharge of indebtedness occurs in a title 11 case If the discharge of indebtedness occurs when the taxpayer is ...
History Of The Jews In England (1066–1290) - Increasing Persecution, 1200s
... the Barons' war violent measures were adopted to remove all traces of indebtedness either to the king or to the higher barons ... height of his power after the battle of Lewes annulled all indebtedness to the Jews ... must have suffered incalculably by this general wiping out of indebtedness ...
Loan - Income From Discharge of Indebtedness
... income to the borrower if the borrower is discharged of indebtedness ... discharged, then the borrower essentially has received income equal to the amount of the indebtedness ... Code lists “Income from Discharge of Indebtedness” in Section 61(a)(12) as a source of gross income ...

Famous quotes containing the word indebtedness:

    “Great indebtedness does not lead to thankfulness, but rather to vengefulness; and when a small favor is not forgotten it turns into a gnawing worm.”
    —Friedrich Nietzsche (1844–1900)

    “I believe that no characteristic is so distinctively human as the sense of indebtedness we feel, not necessarily for a favor received, but even for the slightest evidence of kindness; and there is nothing so boorish, savage, inhuman as to appear to be overwhelmed by a favor, let alone unworthy of it.”
    —Marcus Tullius Cicero (106–43 B.C.)

    “A man’s indebtedness ... is not virtue; his repayment is. Virtue begins when he dedicates himself actively to the job of gratitude.”
    —Ruth Benedict (1887–1948)