Asked in Business & Finance
Are all temporary differences that exist at balance date recognised as deferred tax assets or deferred tax liabilities?
yes - either a deferred tax asset (DTA) or a deferred tax liability (DTL). ...
Asked in Income Taxes, IRA Plans
Is an IRA considered deferred income?
When you qualify to deduct the amount on your income tax return for the year and do pay any income in that year on the amount then it would be deferred compensation. When you start taking the distributions form the IRA account you do not have any cost basis in the deferred compensation account so the distribution will be subject to income tax at that future time. ...
Asked in Importing and Exporting
Why used deferred lC?
Deferred LC is very usefull for both importers and exporters. 1-Importer does not hav to pay in-advance when uses deferred lc 2-but exporter guarantees that he will get the payment in a certain time after shipment and also if he wants he can discount in on the same day or on any days when the LC is booked. 3- deferred LC helps to the buyer who does not have cash but has credit in his bank 4- deferred LC helps to the seller, so...
Asked in Definitions
Where can one find the definition of deferred annuities?
Deferred annuities are either fixed or variable. A deferred annuity is where one deposits funds with an annuity company. Taxes on any financial gains made by your investments are deferred until you withdraw your funds. ...
Asked in State Laws
What is a deferred felony?
A deferred adjudicated felony is where the court "puts off" a finding of guilt. Most often during a deferred adjudication, the person is put on community supervision. If the term is completed without revocation of probation it will remain a deferred adjudicated and not a conviction. It is important to realize that deferred is not a conviction. There was never a finding of guilt by the court. ...
What are deferred taxes?
DEFERRED taxes MEAN not paying certain types of taxes currently. The payment of taxes on certain income or different asset at some period of time in the future. The buying and holding of capital assets before selling the capital assets in the future. Deferred compensation that will be subject to the deferred income tax on the deferred compensation sometime in the future. Deferred taxes for investor owned public utilities. ...
Asked in Driver's License
What is a deferred drivers license?
Answer: Deferred sentence. A court may grant a deferred sentence for an offense which, under chapter 46.20 RCW, constitutes mandatory grounds for the revocation or suspension of a driver's license. Deferred driver's license. In such a case, a court cannot permit the person to retain his/her driver's license during the period of the deferred sentence. ...