When it comes to a company’s taxes, there are two important categories to understand: assets and liabilities. Tax liability is anything that a person or company owes taxes on, such as income or ...

A deferred tax asset is usually an item on a company's balance sheet that was created by the early payment or overpayment of taxes. They are financial assets that can be redeemed in the future to ...

"Tax payable" and "deferred income tax liability" both appear as liabilities on a company's balance sheet; both represent taxes that must be paid in the future. However, they arise in different ways.

If you're an investor in Citigroup (NYSE: C)then you may have come across references to its deferred tax assets. These assets may seem esoteric, but they're easy to understand and are incredibly ...

Taxes become deferred when a company's financial accounting methods are different than the acceptable tax accounting methods. This creates a discrepancy between the general ledger and the amounts ...

A bank never wants to lose money, but there can be an upside to doing so if the loss creates a deferred tax asset, which allows a company to offset future income with previously unclaimed losses for ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Forbes contributors publish independent expert analyses and insights. Peter J Reilly is a Forbes contributor who covers taxes. One of the biggest changes was about how changes in "enacted rate" are ...

NEW YORK--(BUSINESS WIRE)--InfraCap MLP ETF (NYSE Arca: AMZA or the “Fund”) has modified the estimate of the Fund’s deferred tax liability based on information reported by the Master Limited ...

This report is one of a series on the adjustments we make to GAAP data so we can measure shareholder value accurately. This report focuses on an adjustment we make to our calculation ofeconomic book ...