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Unstated Interest
Posted by Jacobsen & Wachterhauser, PLC on Oct 10, 2010 in Glossary, Income Tax Returns, Taxation | 0 comments
Definition of Unstated Interest:
Interest which must be determined and the sale price lowered by this amount when interest is not stated in an installment agreement or the interest rate applied is less than the applicable rate.
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The information found on www.phxaccountant.com is for general use
and is not intended for the purpose of rendering legal advice or other
professional services. Formerly Karpinski & Jacobsen, PLC.
Website provided by Phoenix Online Media - Phoenix SEO company & web-design firm.