Provision for income taxes

Provision for income taxes

An amount on the P & I statement that estimates a company's total income tax liability for the year.

Provision for Income Taxes

In a financial statement or personal budget, an estimate for one's total income tax liability for a given year. This is especially important when the government or an employer does not automatically deduct estimated tax payments from paychecks or other revenue. Generally speaking, one must set the provision for income taxes aside and pay it quarterly or annually.
References in periodicals archive ?
The Company estimates that the decrease in provision for income taxes related to excess tax benefits recognized from stock-based compensation will lead to a decrease in provision for income taxes of approximately $8.
5 million reduction in the provision for income taxes, partially offset by $3.
Community 1st Bank (OTCBB: CFBN) has reported net income of USD290,000, which was net of the provision for income taxes of USD196,000.
The current year's second quarter net income included interest and other income of USD131,000 and a provision for income taxes of USD505,000, while last year's figure included USD99,000 in interest and other income and a provision for income taxes of USD348,000.
The company recorded a net loss before provision for income taxes of USD27,000 for the three months ended 31 March 2008, a decline from net income before provision for income taxes of USD411,000 in the same period a year ago.
Income Before Reorganization Items, Gain on Early Extinguishment of Debt and Provision for Income Taxes
The provision for income taxes reflects an annual tax rate of negative 1 percent for 2017, compared with 30 percent for 2016.
2018 guidance for EPS includes an estimated $50M income tax benefit, or 14c per diluted share, for excess tax benefits related to employee equity award settlements recorded as a component of the provision for income taxes.
Deltagen Inc (Pink Sheets:DGEN), a provider of biopharmaceutical drug discovery tools, reported for the three months ended 30 September 2010 a consolidated net loss before provision for income taxes of USD0.
Reconciliation of GAAP Operating Income (Loss) and Income (Loss) Before Provision for Income Taxes to Non-GAAP Operating Income and Income Before Provision for Income Taxes (Unaudited)
Walla Walla, WA: Banner Corporation announced that core operations remain strong and year-over-year revenue growth contributed to increased fourth quarter and 2017 income before provision for income taxes.
Since the Company was in a net deferred tax liability position, the adjustment reduced the provision for income taxes by $65M.