Business / Finance / Deferred Taxes: A liability that arises when a customer pays for goods or services before delivery is complete; for example, a one-year service contract billed in advance. Under accrual accounting, revenue must be booked when the obligation is fulfilled, not when cash is paid or received.
Business / Loan / Government Recording Fees And Taxes: Fees and taxes required to be paid to the local government where your mortgage documents are filed. MORE
Business / Accounting / Income Taxes Payable: The amount expected to be paid to the federal and state governments based on the income before taxes reported on t he income statement. MORE
Business / Real Estate / Inheritance Taxes: An estate tax imposed by the state on heirs for their right to inherit property. The tax is not levied on the property itself, but rather on the heirs for their right to acquire the property by succes MORE
Business / Finance / Local Taxes: Property, sewer, school, or other community paid to a locality. Local taxes are usually deductible for federal income tax purposes. MORE
Business / Real Estate / Estate Taxes: Federal estate taxes and state inheritance taxes (as well as the debts of decedents) are general, statutory, involuntary liens that encumber a deceased persons real and personal property. These are no MORE