You don't necessarily need probiotics â a type of good bacteria â to be healthy. However, these microorganisms may help with digestion and offer protection from harmful bacteria, just as the existing good bacteria in your body already do. Prebiotics are nondigestible carbohydrates that act as food for probiotics. When probiotics and prebiotics are combined, they form a synbiotic.
Under IRC Section 277, late fees, fines, and penalties from members are membership income because they result from transactions with members. There are differences of opinion, however, about whether they are taxable or nontaxable under IRC Section 528.
In general, you must report any taxable amount of a canceled debt as ordinary income from the cancellation of debt on Form 1040 (PDF), U.S. Individual Income Tax Return, or Form 1040NR (PDF), U.S. Nonresident Alien Income Tax Return, as other income on line 21 if the debt is a nonbusiness debt, or an applicable schedule if the debt is a business debt.