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Revision as of 02:36, 15 August 2026

Leave it to lawyers and the federal government to be unable to give a straight response to this question! Unfortunately, in order to be qualified for wipe out a tax debt, niche markets . five criteria that end up being satisfied.

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B) Interest earned, although not paid, throughout a bond year, must be accrued at the conclusion of the bond year and reported as taxable income for the calendar year in in which the bond year ends.

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