Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 11-17-2008, 12:15 PM
Junior Member
 
Join Date: Nov 2008
Posts: 2
Refinancing with Accrued interest

Say someone decides to refinance a loan that has $100,000 worth of principal and $25,000 worth of accrued interest. He includes the $25,000 in the amount being refianced, so that it's now a $125,000 loan. Is this accrued interest considered to be paid? Is it now part of the principal?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Accrued interest on shareholder note to C-Corporation luke1290 C-Corporation 1 01-26-2009 10:35 AM
Help with tuition and student loan interest cornbread Estimated Taxes 0 07-28-2008 05:34 PM
Interest due from audit maximum Sole-Proprietorship 3 02-28-2008 02:13 PM
IRS reduces Interest Rate on underpayment by 1% for 1st Quarter 2008! TaxGuru Estimated Taxes 0 11-29-2007 01:15 AM
Penalties and Interest Amir Estimated Taxes 1 01-16-2007 09:29 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.