The tax implications of deferred revenue also make sense because tax liabilities are typically not triggered until revenue is recognized. The primary advantage of this tax reporting method is that ...

The temporary differences arise when income or expenses are recorded in accounting profit in one period but in taxable profit in another period, known as timing differences. These differences may ...

Retirees receiving pension payments will also have to pay ordinary income tax. How much you'll owe depends in part on the tax ...

As we head toward March, one of most dreaded times of the year approaches: tax season. Right now is the time when you’re inundated with tax documents, including a W-2 from your employer, 1099s ...

The Federal Reserve isn't in a rush to cut interest rates, which means you could be on the hook for more taxes next year on the interest you earn now. These moves can help you soften that blow.

As a result, MicroStrategy estimated GAAP retained earnings could rise by up to $12.8 billion, while deferred tax liabilities could increase by up to $4 billion, according to its SEC filing.