Nonflowering Plants. Some plants don't produce flowers and seeds. Plants such as ferns and mosses are called nonflowering plants and produce spores instead of seeds. There is also another group called the Fungi, that include mushrooms, and these also reproduce by spores.his process is sometimes called cloning because every new plant is exactly like the parent. One type of cloning uses cuttings --parts of plants that grow into new plants. Both stems and leaves can be used as cuttings. Another kind of cloning is grafting --the joining together of two plants into one.
Cancellation of Debt (COD) Income. Taxpayers in the United States may have tax consequences when debt is cancelled. This is commonly known as COD (Cancellation of Debt) Income. According to the Internal Revenue Code, the discharge of indebtedness must be included in a taxpayer's gross income.
The credit (up to a maximum of $2,000 per year) is based on the net reduction of federal tax that would be realized if up to $50,000 of the taxpayerâs taxable income was transferred to a lower-income earning eligible spouse or common-law partner. For example, for 2015 you earn $140,000 and your spouse earns $10,000.or 2015, the infirm dependant amount is $6,700. This amount is reduced on a dollar-for-dollar basis by the dependantâs income in excess of $6,720.