For Tax Purposes, There Is No Original Issue Discount on a Bond

question 86

True/False

For tax purposes, there is no original issue discount on a bond unless the bond is issued for less than its face value and the difference between the face value and the bond issue price is at least one-fourth of 1% of the redemption price at maturity multiplied by the number of years to maturity.

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Definitions:

Knowledge Sharing

The exchange of skills, information, and experience among individuals or groups, often aimed at improving efficiency, productivity, and innovation.

Fragmented Culture

An organizational culture characterized by disunity and an absence of shared beliefs or values among its members.

Disconnection

The process or state of being detached or separated from something.

Group

Three or more people who work independently to attain organizational goals.