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.
Gain on short sales. Similar to a foreclosure, any debt that your mortgage lender cancels because of a short sale is taxable only if the terms of your mortgage hold you personally liable for the full amount of the loan. Regardless of the tax consequences, your lender will report the debt cancellation on a 1099-C form. For example, if you owe $500,000 to your mortgage lender and short sale the home for $450,000, your lender will report $50,000 of canceled debt on your 1099-C.