Question

deferred tax liabilities​

Answer 1

Answer:

Deferred tax is a notional asset or liability to reflect corporate income taxation on a basis that is the same or more similar to recognition of profits than the taxation treatment.

Answer 2

A tax liability is the total amount of tax debt owed by an individual, corporation or other entity to a taxing authority like the Internal Revenue Service (IRS). It is the total amount of tax you're responsible for paying to the taxman.

or

You had no tax liability for the prior year if your total tax was zero or you didn't have to file an income tax return.On Form 1040, U.S. Individual Income Tax Return, it was the amount listed on the line labeled "total tax" taking in consideration certain reductions.