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 ...

"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.

The International Accounting Standards Board proposed amendments to its income tax standard to provide temporary relief from accounting for deferred taxes arising from the imminent implementation of ...

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. In this article, we'll take a look at the "Deferred Revenues" line of the balance sheet, what it refers to, and ...