Professional Documents
Culture Documents
Deferred Taxes
Deferred Taxes
Items to be covered
Deferred taxes
Temporary vs. permanent differences
deferred tax liabilities
deferred tax assets
valuation
allowance
presentation in financial statements
future tax rates different from present
Loss carrybacks/carryforward
Intraperiod tax allocation
Some issues/controversies
1999 by Robert F. Halsey
Pre-tax
Taxable
15,000
15,000
2,000
3,000
13,000
12,000
10
11
12
13
xxx
xxx
14
15
16
17
The End
1999 by Robert F. Halsey
18