Deferred Income Tax Liabilities financial definition of Deferred Income Tax Liabilities. Deferred Income Tax Liabilities finance term by the Free Online Dictionary.

Deferred Income Tax

On a balance sheet, a tax that a company will owe on its income, but that has not yet been assessed. Because of differences between tax regulations and the Generally Accepted Accounting Principles, income may be recognized on a balance sheet for accounting purposes, but not for tax purposes. However, that income will eventually be recognized for tax purposes and income tax will then be assessed. This tax is called deferred income tax, and is recorded as a liability on the balance sheet.

deferred income tax

A liability created by income recognized for accounting purposes but not for tax purposes. The liability recognizes future taxes due when earned income is later reported for tax purposes. Use of accelerated depreciation for reporting to the Internal Revenue Service and straight-line depreciation for reporting to stockholders is one of the major reasons a firm includes deferred income taxes as a liability on its balance sheet.

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individual retirement account IRA Nonqualifying Annuity Tax-Free Income Tax-Sheltered Income Wraparound Annuity	Deferred income tax liabilities are recognised for all taxable temporary differences except in respect of taxable temporary differences associated with investments in subsidiaries, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. COMMUNISIS PLC - Interim Results by PR Newswire UK Disclose The temporary differences and deferred income tax liabilities for the life of the asset subsequent to the impairment are presented in Table 4. Finally a reduction in deferred income taxes? by Oxner, Thomas H.; Bechtel, Terry; Culpepper, Robert C. / The National Public Accountant 06 per diluted share) resulting from the higher expected federal tax rate applied to deferred income tax liabilities mentioned above. Air Methods Announces Year 2007 Financial Results and Provides First ... by PR Newswire	Defensive Buy Defensive Investment Strategy Defensive Securities Defensive Security Defensive Stock Deferment Period Deferred Account Deferred Acquisition Costs Deferred Annuities Deferred Annuity Deferred Call Deferred Call Period Deferred Charge deferred charges deferred commission Deferred Compensation deferred contracts Deferred Credit Deferred Dividend Deferred Equity deferred exchange Deferred Futures deferred gain deferred income Deferred Income Tax Deferred Income Tax Liabilities Deferred Interest Deferred Interest Bond Deferred Liability deferred maintenance Deferred Nominal Life Annuity Deferred Payment Annuity Deferred Payment Option deferred payments Deferred Premium Option Deferred Profit Sharing Plan Deferred Sales Charge Deferred strike option Deferred Tax Expense Deferred-Interest Bond deficiency Deficiency Agreement Deficiency Dividend deficiency judgment Deficiency Letter Deficit Deficit comercial Deficit de recursos Deficit estructural Deficit estrutural deficit financing	Deferred Credits deferred data item Deferred Delivery Deferred Deposit Loan Act deferred diagnosis Deferred Discrepancy Deferred Dividend Deferred Dividend Insurance Deferred Dividends Deferred Enforced Departure deferred entry Deferred Entry of Judgment Deferred Equities Deferred equity deferred exchange Deferred Expenditures Deferred expense Deferred expense Deferred expense Deferred Financing Costs Deferred futures Deferred Gain Deferred gratification deferred grazing deferred grazing Deferred income Deferred Income Tax Deferred Income Tax Liabilities Deferred Income Tax Liability Deferred Income Tax Liability Deferred Income Taxes Deferred Interest Deferred interest bond Deferred Interest Bonds Deferred Interest Obligation Deferred Item List Deferred Liabilities deferred liability Deferred Life Annuity Deferred maintenance Deferred maintenance Deferred maintenance Deferred maintenance Deferred Maintenance And Repair Deferred Maintenance Item Deferred Maintenance List Deferred Mode Image Processing deferred mount Deferred Nominal Life Annuities Deferred nominal life annuity Deferred Non-Recurring Charges deferred payment deferred payment Deferred Payment Annuities Deferred Payment Annuities Deferred payment annuity Deferred payment annuity Deferred Payment Gift Annuity

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individual retirement account
IRA
Nonqualifying Annuity
Tax-Free Income
Tax-Sheltered Income
Wraparound Annuity

Deferred income tax liabilities are recognised for all taxable temporary differences except in respect of taxable temporary differences associated with investments in subsidiaries, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future.

COMMUNISIS PLC - Interim Results by PR Newswire UK Disclose

The temporary differences and deferred income tax liabilities for the life of the asset subsequent to the impairment are presented in Table 4.

Finally a reduction in deferred income taxes? by Oxner, Thomas H.; Bechtel, Terry; Culpepper, Robert C. / The National Public Accountant

06 per diluted share) resulting from the higher expected federal tax rate applied to deferred income tax liabilities mentioned above.

Air Methods Announces Year 2007 Financial Results and Provides First ... by PR Newswire

Defensive Buy

Defensive Investment Strategy