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The difference between a companies income tax expense as shown and the tax obligation is the income tax expense is based on estimates made on
The difference between a companies income tax expense as shown and the tax obligation is the income tax expense is based on estimates made on financial documents and the tax obligation is the actual amount of tax owed. There are a few factors that may impact this difference. what may create a difference between the two is credits or deductions that may reduce the amount of tax owed?
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Yes thats correct Credits and deductions can indeed create a difference between a companys income tax expense as shown in its financial documents and ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
