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What’s imputed interest?

[ad_1] Imputed interest is a finance charge assigned by tax authorities to loans and investments without declared interest. Tax codes in Europe, Austria, and Hong Kong recognize imputed interest, while in the US, it is assessed against non-interest bearing financial instruments and loans. The applicable federal rate (AFR) determines the minimum amount of interest that […]

What’s imputed income?

[ad_1] Imputed income is non-cash compensation that is considered part of an individual’s income, which can affect tax calculations. It can include non-monetary benefits such as a company car, moving expenses, and dependent care assistance. In some cases, imputed income is used in child support cases to assess a parent’s obligations. Imputed income is a […]