Future income taxes are upcoming tax costs or savings due to discrepancies between financial statements and tax returns.

Tax evasion means purposely not paying taxes you owe. In contrast, a tax filing error usually happens because of a mistake, misunderstanding, or oversight. Most errors can be fixed by filing an ...

Shareholders’ equity remained negative, underscoring the company’s weak capital position. Total equity stood at a deficit of N219.69 million as at June 30, 2024, compared with a negative N216.68 ...

This paper reviews the literature on deferred taxation in the banking sector, with a particular focus on Deferred Tax Assets (DTAs) and Deferred Tax Credits (DTCs). Drawing on research in accounting ...

This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the ...

Pima County will recoup some legal fees and can rest easy that the state will not appeal a Maricopa County Superior Court judge’s May ruling that freed the county of a nearly $16 million liability.

Deferred tax arises when there is a difference between taxable income and accounting income (the amount of net profit before tax in the statement of profit or loss of an entity for a period). Such a ...

Jennifer Gartenberg, Managing Director at Mesirow, joins Jon Hansen on Your Money Matters to discuss tax-deferred contributions, HSA accounts, and annual gifting. Jennifer talks about maximizing your ...

Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected ...

Tax planning advisors help clients minimize tax liability, navigate complex tax rules and integrate tax-efficient strategies into their financial plan Written By Written by Staff Money Writer, WSJ | ...

Compensation is generally subject to federal income tax and FICA tax when compensation is actually paid to an employee. However, nonqualified deferred compensation (NQDC) may be subject to FICA ...