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Revision as of 14:15, 15 August 2026


Leave it to lawyers and the government to not be able to give a straight respond to this question! Unfortunately, in order to be permitted to wipe out a tax debt, there are five criteria that must be satisfied.

B) Interest earned, but is not paid, throughout a bond year, must be accrued following the bond year and reported as taxable income for your calendar year in which the bond year ends.

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