Deferred Tax Liability

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(1) INVESTOPEDIA Deferred Tax Liability By root | Updated February 27, 2015 DEFINITION An account on a company's balance sheet that is a result of temporary differences betwer carrying values, the anticipated and enacted income tax rate, and estimated taxes payable may not be realized during any given year, which makes the deferred status appropriate. INVESTOPEDIA EXPLAINS Because there are differences between what a company can deduct for tax and accountin between a company’s taxable income and income before tax. A deferred tax liability reco future, pay more income tax because of a transaction that took place du receivable. ig the current y © 2015, Investopedia, LLC.

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