provision for income taxes

Definition

Earnings report item estimating current year tax liability.

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You may want to double check your provision for income taxes so that you know you got it done right.

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The provision for income taxes was an estimate, so I told my brother that it was not definite and could be changed.

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A good finance officer always reviews the current provision for income taxes section of a company's balance sheets to be able to plan the business strategy for the following year.

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provision provisional