imputed interest

Imputed is essentially another word for "inferred or implied". So imputed interest for example in an ninterest expense or income that is used when none, (or an unrealistic one) is claimed. It essentially says, the real interest is in the deal somewhere.

It depends on the type of imputed income.

If it is imputed interest, enter it where all other interest payments go (schedule B).

If it is imputed life insurance income from your employer, that should already be included in box 1 of your W-2 and you should enter it on line 7 of your W-2.

You enter it wherever non-imputed income of the same nature would go.

Interest considered by the IRS for tax purposes to have been paid, even if no interest was actually paid.

No, implicit rate and imputed rate are not the same.

• Implicit rate refers to the interest rate that is not explicitly stated but can be implied from the terms of a financial transaction.
• Imputed rate refers to an assumed interest rate used for certain financial calculations, such as valuing an asset or determining taxable income.

When you are able to itemize your deductions using the schedule A of the 1040 tax form and you deduct the mortgage interest to help reduce your income taxes you have a type of imputed income that you have received.

Imputed rent...or imputed anything for tax, means implied rather than specified....so for example...if your emplyer gives you a place to live as part of your employment...that is actually like him giving you an additional amount of salary (clearly you woul work for less if he pays your housing than if you need to pay it yourself...same with if he provides you say a car...that too is a form of payment/income even though the value of it isn't specified in your salary. In these cases, for tax purposes, the value you receive as income is "imputed" and determined (and must be reported by the employer or you) as income anyway. Another example is imputed interest- even if the agreement says no interest is charged on a loan, the one making the loan MUST report interest income as it is imputed in whatever the agreement was (the minimum rate is specified by law)...since no business would actually laon money without interest of some type, because there would be no business purpose in doing so.

The additional imputed interest must be considered payroll by the company and income to him.

OID securities are great for non-taxable entities. They have none of the tax problems taxable entities have with imputed interest etc.

Income that may not be seen as cash, but instead comes in the form of a benefit...sometimes by having another pay an expense...sometimes by having a benefit provided.

Examples: The value of a car provided by your employer that you may use for personal use. That value is imputed income.

Likewise, the value of having some other benefits - over $50,000 a year of life insurance provided by your employer (the value of the insurance is imputed income).

An employer sponsored (even if what it does just work to make the costs lower) of an on site cafeteria - imputed benefit.

Having a below market rate loan...that some employers provide certain employees...the lower interest that they forgoe is a benefit to you...and hence imputed income.

Imputed federal income tax would be an income tax that the IRS has calculated on some type of imputed income that was received by you and not reported on your 1040 income tax form as a part of your worldwide gross income.

i have imputed income taken out of my check because a have a significant other on my insurance can i use this as a tax deduction

That is the correct spelling of the word imputed(attributed or inferred, usually negatively).

Imputed tax is when something is assigned a certain value. Other items are used to establish this value and then you pay taxes based on that value.

Yes, it is the imputed rent value. Essentially, the amount of money you would have had to pay to rent it.

Yes, it is the imputed rent value. Essentially, the amount of money you would have had to pay to rent it.

Yes, it is the imputed rent value. Essentially, the amount of money you would have had to pay to rent it.

Yes, it is the imputed rent value. Essentially, the amount of money you would have had to pay to rent it.

Imputed income is income that is the result of you providing services to yourself, such as owning a home rather than paying rent to another person. It is not normally a payroll deduction. In some cases you can be taxed on imputed income, and that might result in a payroll deduction. The best way to find out why imputed income is coming out of your pay is to ask the person who prepares the payroll about it.

Yes, imputed benefit income is subject to federal taxation. It is considered Taxable noncash compensation but is not included in gross pay.

Synonyms for the term "Imputed", which means to attribute blame to, include, but are not limited to the following words: blame, assign, credit, accuse, and ascribe.

Imputed income is not actual income, but is money that you have because you provide certain services for yourself instead of paying others for them, such as owning a house instead of renting. It is very hard to determine the value of imputed income and is only very rarely taxable, and only under certain circumstances.

Imputed costs do not appear in the historical cost accounting records for financial reporting. The actual cost incurred is recorder and is called a book cost.

It can be, however this is a matter for the judge.

data imputed by typing using a keyboard.

Imputed Tax is on imputed income...say like a taxable employee benefit (say your employer giving you a car). The value of the benefit is included in taxable income that withholding and such is determined from...so your estimated payments are made on it...and it is included in the taxable income on your W-2, so the tax you calculate on your retur includes it as well.

The survivor had imputed his skills in the various situations that dangered his life.

There would only be imputed income if your employer provided life insurance for your domestic partner. I don't mean that your partner would be the beneficiary - - I mean that your partner would be the insured party. If that happened, then the cost of the premium would be counted as imputed income for purposes of federal income tax and for some state taxes as well, unless your domestic partner were your dependent. If you were legally married heterosexuals, then there would be no imputed income except on the value of policies which exceed about $50,000.

According to the "Bible" for accounting terminology, Barron's Dictionary of Accounting Terms, 5th Edition, they are the same. In fact, when you look up implicit cost, it refers you to imputed cost. This is the definition of imputed cost:

"A cost that is implied but not reflected in the financial reports of the firm: also called implicit cost. Imputed costs consist of opportunity costs of time and capital that the manage has invested in producing the given quantity of production and the opportunity costs of making a particular choice among the alternatives being considered."

On certain (most) types of imputed income...imputed income just being a term for non cash compensation....say a car benefit or over a certain amount of life insurance provided as part of your employment.....etc. FICA and other payroll taxes may or may not follow the same rules considering it a income, but generally do.

Zero coupon bonds issued by the US Treasury are issued at a discount to face value. An investor holding zero coupon bonds is paid the full face value when the zero coupon bond matures.

The difference between the purchase price and the maturity value is know as the original issue discount which represents the interest earned on the zero coupon bond.

Although a zero coupon bond does not pay annual interest, an investor must pay taxes each year based on the imputed receipt of income. Since the investor is not receiving interest payments during the life of the bond, taxes would be paid on interest income not actually received until bond maturity. Due to the yearly tax liability on imputed interest, it makes sense for most investors to hold zero coupon bonds in a tax deferred retirement account.

The interest earned on zero coupon bonds issued by the US Treasury are exempt from state and local taxes.

Imputed sin is sin which affects one's standing before God, not through your own actions. An example would be how we are considered guilty of sin through Adam's original sin, in that his sin affected all of mankind's standing with God.

Sometimes it is found that in the production process the entreprenure e factors of production which are owned by him. now for these factors of production he is not paying anything, but actually he is loosing the earning he can earn by hiring them. This loss is considered as the cost of production and is referred as Imputed cost or Implicit Cost. As for example a farmer is cultivating in his own land, so, he need bot to pay the rent, but money which he can earn as rent is the Imputed Cost here.

Charging the cost of using fully depreciated machinery to the cost unit

No, they imputed this to "the Gods", who were constantly meddling in human affairs.

Our CPA said to put it in box 14 other

I believe you might have your understanding of the phrases confused. "Imputed income" is considered to be income you COULD have made doing a certain job REGARDLESS of the amount you reported to the authorities. A corporation does not have to pay taxes on "imputed" income, they only pay withholding tax on the wages they ACTUALLY pay you. ON THE OTHER HAND; if the corporation was PURPOSELY under-paying your withholding tax they could be liable under the tax laws for criminal penalties.

current unrest in Afghanistan can be imputed to the old American policies of supporting Taliban.

No. For purposes of federal income tax, you must file as single if you are not legally married to a person of the opposite sex. The value of the DP coverage is imputed as income because the covered person is not your legal spouse under federal law.

If your employer provides more than $50,000 in life insurance coverage for you, you will have to pay tax on what is called "imputed income" from the policies. Even after you retire, your employer will continue to send you a W-2 for the imputed income and showing the amount of uncollected Social Security and Medicare taxes you owe.

You buy this device called the Action Replay and it has imputed game codes which will allow you to cheat.

Ir it is reimbursed, it isn't imputed. Its a tax on afringe benefit, like getting a car or a house or such. Under certain qualified reimbursement programs with employers, up to @$5000 a year can be provided by an employer tax free to the employee, for qualifying eductaional expenses (not just anything).

assumption of risk

Yes, this is know as a gift/loan. The parents are deemed to make the loan at market interest rates. The parents should report the amount of forgiven interest on their tax return.

There is a gift tax issue because of the forgiven interest, but no tax is likely, unless the parents are making other gifts as well. The dad may give their son and daughter in law each $13,000 ($26,000 total). Mom may also give them each $13,000. Between mom and dad giving to son and daughter in law, they may give $52,000 annually in actual gifts or forgiven interest. however, if the gift is over $26,000, they will want to file form 709 to show gift splitting.

A reverse mortgage calculator is only as accurate as the information that is imputed by the user. Consider it as an educated guess or a ball park estimate.

Israel Holly has written:

'Christ's righteousness imputed to believers, the only matter of their justification before God' -- subject(s): Calvinism

A forgivable loan is a monetary incentive used in the securities business to lure a financial advisor from one firm to another. For example, a securities company gives you a loan of $100,000 - forgivable in four years in equal amount of $25,000 - if you move your book of business to them. You are taxed on the imputed interest each year on the forgiven $25,000. At the end of four years your loan is completely forgiven by the firm.

Don't be intimidated! It looks complex at first, but it really isn't. Basically, any amount above the 50K or so threshold that is provided has the premium value that is accepted (see the IRS.gov instructions - based like any life insurance on sex/age and such) calculated, and any amount the employee paid is allowed as a credit. If there is less paid then the benefit is worth, then that is imputed income.

Compound interest.

This is where you work out the interest on a number, then work out the interest on top of the number with the interest added.

False. Interest upon interest is compounded interest

Simple interest is interest that is calculated only on the amount of unpaid principal on a loan. Such interest is not added to the value of the loan but is tracked separately.

Compound interest is interest that is calculated on the total of unpaid principal and accumulated interest on a loan.

The difference is in simple interest there is no interest charged on accumulated interest while in compound interest there is interest charged on accumulated interest.

Interest paid on interest previously received is the best definition of compounding interest.