Soil Water Movement Water movement in soil is from a zone of relatively high to low water potential. Movement may occur by saturated or unsaturated liquid flow or in the vapor phase. Total water potential under saturated conditions may include gravitational and pressure components.
Whether the taxpayer is insolvent is a vital consideration in determining if debt forgiveness results in income to the taxpayer. However, the code, IRS, and the courts have not provided an adequate definition of the term, and there is confusion as to what assets and liabilities are to be included in its determination.
A Personal Insolvency Agreement is registered on the National Personal Insolvency Index. Veda Advantage, the credit-reporting agency, can use the information on the NPII to advise any creditors that you are under a Personal Insolvency Agreement and/or have had a controlling trustee consent to administer your affairs.