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.
In general, if you have cancellation of debt income because your debt is canceled, forgiven, or discharged for less than the amount you must pay, the amount of the canceled debt is taxable and you must report the canceled debt on your tax return for the year the cancellation occurs.