t Debt Discharge Under Sec. 108: Partnerships vs. S Corps. TAX CLINIC LItte el d fi 111“4.e DeeweurC:. CPA 2C 010r. story. Slims &Strad CPAs. Si. Petersburg FP. Puels sow, tatheeia mow ce,vcrreten sisA eel Gross Income As tax liability for cancellation of debt (COD) income gives many taxpayers an unpleas