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.
One thing to be aware of is that you may have to pay taxes on whatever amount of debt is forgiven, cancelled, or discharged during the debt collection negotiation process. This is called a Cancellation of Debt and may prompt a Form 1099-C at the end of the year, which will likely be sent from the debt collection agency. The cancelled amount must be reported as gross income unless you meet an exclusion or exception. This is something to discuss with a tax professional or accountant. Keep the Debt From Haunting You