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.
1 Liver blood tests are designed to show evidence that abnormalities, for example, inflammation, liver cell damage, has or is occurring within the liver.  The blood tests most frequently used for liver disease are the aminotransferases (alanine aminotransferase or ALT and aspartate aminotransferase or AST).
Liver function tests or LFTs are blood tests designed to determine how well your liver is working. The concentrations of several liver enzymes in your blood, including alanine aminotransferase, serve as good indicators of liver damage. High levels of alanine aminotransferase usually indicate a damaged liver. However, low levels may also be problematic and should be further correlated with other clinical data.