Overview
This course begins with an explanation of income tax terminology. Deferred tax assets and liabilities are then examined in detail with a discussion of how they are created and unwind over time. Modeling DTAs and DTLs is also covered.
- Income tax terminology
- Taxes for book purposes vs. taxes for the tax authorities
- What are deferred taxes
- Common DTAs
- Common DTLS
- How they unwind over time
- Valuation allowance
- Temporary vs. permanent differences
- ETR vs. MTR
- Modeling deferred taxes