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

question 126

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 percent of the redemption price at maturity multiplied by the number of years to maturity.

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Definitions:

International Refugee Organizations

Entities that operate across borders to provide aid, protection, and support to refugees and asylum seekers.

Skilled Workers

Individuals who have acquired special skills, training, knowledge, and qualifications to perform specific tasks or jobs.

Race

A concept no longer recognized as valid, except in terms of its social consequences; in the past, the concept of race referred to biological divisions between human beings, based primarily on their skin color.

Seek Protection

The act of looking for safety or asylum, often in the context of fleeing danger, persecution, or violence.