Notice of Assessment

January 22, 2014  |     |     |   0 Comment

A Notice of Assessment is an annual statement issued to a taxpayer by the government tax authorities in a region. It details the recipient’s taxable income, tax paid, tax owed, and any tax credits for the stated year.

Lenders often use this document to establish an individual borrower’s income to assess her creditworthiness.

Author: 

Kris Tabetando provides mergers & acquisitions (M&A) advisory and brokerage services to Internet companies. He also partners with investors to acquire & manage Internet businesses.

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