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    Innocenti Tax Blog

    September 15, 2015

    One of exclusions available to reduce the tax liability that comes with receiving a cancellation of debt is available by calculating your insolvency at the time of the discharge of debt. Internal Revenue Code § 108(a)(1)(B) states that gross income does not include any amount[..]

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    Accurate Bookkeeping & Tax Service Inc is a CPA firm which provides a wide variety of accounting, tax and financial management services to meet the needs of businesses and individual clients throughout Eugene, Oregon and Lane County.

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