understate


Also found in: Dictionary, Legal, Wikipedia.
Graphic Thesaurus  🔍
Display ON
Animation ON
Legend
Synonym
Antonym
Related
  • verb

Synonyms for understate

Synonyms for understate

References in periodicals archive ?
A preparer is considered to have willfully attempted to understate liability if the preparer disregards, in an effort to wrongfully reduce the taxpayers tax liability, information furnished by the taxpayer or other persons.
Therefore, the LPM ratings will materially understate viewing to Spanish-language stations like Univision, and exaggerate viewing to English-language stations.
The complaint further alleges that the above detailed accounting practice misled PolyMedica investors because it allowed the Company to understate operating expenses and overstate assets throughout the Class Period.
The bank said that data pertaining to labour understates the slack in the economy.
We believe there is a case for multiple cuts, because our measure of the output gap is based on upwardly-biased labour market data, and probably understates the degree of slack in the economy.
The article implicitly states that sound doubles every 10 decibels ("80 dBA is twice as loud as 70"), which significantly understates the relative change.
Finally, T probably understates APEs as applied to this particular project.
Spending on these upgrades boosts the value of a building, and thus understates the true rate of loss in the original construction value.
Even this impressive figure, however, understates the scrutiny to which large corporate taxpayers are subjected, for the returns of unaudited CEP taxpayers are "carefully reviewed .
Preparers can be penalized up to 40% of the understated tax liability of an incorrect tax return--for example, one in which a taxpayer understates income or overstates deductions to reduce the amount of the tax liability.
19 story understates how much time he spent over the years with his son, Taft High of Woodlands Hills quarterback Josh Portis.
But what happens if that spouse intentionally mis-states income or deductions and thus understates the couple's tax liability?
Los Angeles school officials said Friday that they will correct a letter distributed to more than 630,000 parents that understates how much property owners would have to pay if they approve the district's $3.