Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of ...
Tax Considerations for Contingent Interest and Convertible Debt in Cross-Border Lending Transactions
The treatment of contingent interest and convertible debt in cross-border payment transactions is subject to several provisions of the Internal Revenue Code.[1] To add confusion to the already ...
A real estate listing that’s “pending” means the seller has accepted an offer on their property, but the transaction has not yet closed. “Contingent” also means an offer has been accepted, ...
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