Future income taxes are upcoming tax costs or savings due to discrepancies between financial statements and tax returns.

Shareholders’ equity remained negative, underscoring the company’s weak capital position. Total equity stood at a deficit of N219.69 million as at June 30, 2024, compared with a negative N216.68 ...

This paper reviews the literature on deferred taxation in the banking sector, with a particular focus on Deferred Tax Assets (DTAs) and Deferred Tax Credits (DTCs). Drawing on research in accounting ...

This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the ...

Deferred tax arises when there is a difference between taxable income and accounting income (the amount of net profit before tax in the statement of profit or loss of an entity for a period). Such a ...

Former Nebraska head coach Scott Frost is suing the university and its board of regents over a tax liability he claims he never received. The suit was filed in the District Court of Lancaster County, ...

Federal student loan borrowers can have their remaining debts forgiven after making payments for 20 or 25 years on income-driven repayment plans. But as of Jan. 1, 2026, that debt forgiveness could ...

That feeling of satisfaction and accomplishment that accountants feel at the end of a successful tax season can be shattered by a phone call from a dissatisfied client or a summons and complaint ...

In July, we told you about a move in Congress to scrap federal capital gains tax (CGT) on the sale of owner-occupied homes ("principal residences"). But unless and until that proposal becomes law, ...

Student loan borrowers who are entitled to debt forgiveness but haven't been able to get it under Trump may face an "enormous tax liability," the American Federation of Teachers said in a recent court ...

Compensation is generally subject to federal income tax and FICA tax when compensation is actually paid to an employee. However, nonqualified deferred compensation (NQDC) may be subject to FICA ...