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NW Indiana | Other than delaying some income one time we would be in the exact same place. Your tax liability has not changed, you just decided to delay a chunk until a later date. Really you aren't gaining much.
Edit: Really to do a proper balance sheet there should be a line on the liabilities for deferred tax. If I am carrying 300K of sales over with no expense I likely have over 100K of tax liability that hasn't been realized.
Edited by IN555 1/24/2019 08:06
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