Deferred tax



1
Is deferred tax asset/liability considered under short term or long term asset/liability?

2 Answer(s)


1

A short term liability is anything that is due in a year or less. A long term liability is anything that is due in over a year.

Most income taxes are due in one year or less, so they are short term liabilities.

BTW, long term liabilities are not current liabilities. Current liabilities is another name for short term liabilities.

0

most of the time its a short time liability