Deferred Income Tax - Personal Finance Glossary - E-PersonalFinance

Deferred Income Tax - Personal Finance Glossary - E-PersonalFinance

Deferred Income Tax

A "deferred income tax" is a liability recorded on a company's balance sheet for tax that will be due and payable in the future.

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Underpayment Penalty

An "underpayment penalty" is a tax penalty issued to an individual who does not pay...

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