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What is computing tax liability? and Define Its?

What is computing tax liability? and Define Its?

If you are referring to financial statement tax liability, it would be the future liability (taxes due) or asset (refunds/deduction) due to timing and other differences that exist between book and tax income calculations.

Many items are 'accelerated' or deducted faster for tax purposes, creating a future tax liability for when the variances reverse.

Need whole sentence. Making sense too.

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