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 ...

When small business owners overpay taxes for the year or delay current taxes to the future, the balance sheet might appear off. Your balance sheet must give an exact description of your company's ...

Deferred gains are profits that the business has not yet accepted the money. It is sometimes called unearned revenue, and while it represents a future asset, it is treated as a liability on the ...

Anyone who has run a business of any size understands how confusing and, at times, complex the tax code can seem. So deferred tax assets (DTAs) can be challenging. However, understanding them is ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Lea Uradu, J.D., is a Maryland state ...

A new standard FASB issued Friday is designed to improve the way deferred taxes are classified on organizations’ balance sheets. Accounting Standards Update No. 2015-17, Income Taxes (Topic 740): ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...

This report is one of a series on the adjustments we make to convert GAAP data to economic earnings. Reported earnings don’t tell the whole story of a company’s profits. They are based on ...

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 ...

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 ...

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 of economic book ...