tax liabilities
Owed to IRS
Tax liabilities are amounts owed to government tax authorities.
The term covers any tax debt—income tax, property tax, payroll tax, sales tax.
In accounting, tax liability appears as a balance sheet item representing taxes due but not yet paid: The company's tax liabilities increased significantly this quarter.
Managing tax liabilities is central to both personal and corporate financial planning.
- income taxGovernment charge on earnings
- capital gains taxLevy on asset sale profits
- customs dutyTax on imported merchandise
- tax burdenAmount owed to government
- corporate taxLevy on company profits
net income · excise tax · tax planning · tax shelter · liens · penalties · tax treaty · corporations · back taxes · interest charges · IRS notice · deductions · settlements · installment agreement · tax code · filing deadline · tax season · depreciation
- taxationtax, income tax, sales tax, tax return, tax refund
- business taxestax returns, tax filing, tax deductions, deductions, taxable income
- corporate taxcorporate tax, corporation tax, corporate taxation, taxable income, corporate income
- Irish TaxesVAT, corporation tax, capital gains tax, stamp duty, income tax
- assetsproperty, cash, money, investments, bank accounts
- liabilitiesaccounts payable, payables, short-term debt, long-term debt, accrued interest
tax liabilitiestax refunds
Returned excess withholdings
tax rebates · tax credits · tax returns · tax incentives · tax benefits