Temporary Difference definition

Temporary Difference means any differences between the income Tax basis and the GAAP basis of the Company’s and Bank’s assets and liabilities as recorded for either GAAP or income Tax purposes. Temporary Difference includes any net operating loss, built in loss, net capital loss, investment Tax credit, foreign Tax credit, charitable deduction or any other Tax attribute that could be carried forward or back to reduce Taxes (including deductions and credits related to alternative minimum Taxes).
Temporary Difference means any IRS or state taxing authority adjustment in an amount in excess of $500,000 in the aggregate to a Target Company federal or state income tax return attributable to a period prior to Closing (other than an adjustment with respect to the reorganization pursuant to which the Merger Consideration is issued as described in Rev. Proc. 84-42, 1984-1 C.B. 521) which (i) increases or decreases the basis of any Target Company asset or liability for federal or state income tax purposes or (ii) gives rise to an accounting method change which creates an adjustment under Section 481(a) of the Code, and the effect of any such adjustment is to either increase or decrease taxable income of a Target Company in any state or federal income tax return for a period ending after Closing.
Temporary Difference means the difference between the carrying amount of an asset or a liability in the statement of financial position and its tax base.

Examples of Temporary Difference in a sentence

  • Temporary differences that result in taxable amounts in future years when the related asset is recovered or the related liability is settled.Deductible Temporary Difference.

  • Deferred Tax has been accounted with an objective of keeping record of tax asset and liability arising from Temporary Difference between amount of asset and liability in financial statement and their tax base.

  • Temporary Difference Deferred Tax AssetsUnder the proposal, a qualifying community banking organization would have temporary difference DTAs, net of any related valuation allowances, of 25 percent or less of CBLR tangible equity.

  • Year End Cumulative Temporary Difference 2017$ 140,000 2018$ 265,000140,000+125,0002019$ 385,000265,000+120,0002020$ 275,000385,000-110,000The temporary differences cause the pretax financial incomes to exceed the taxable incomes for the periods.

  • Temporary Difference Deferred Tax Assets Under the proposal, a qualifying community banking organization would have temporary difference DTAs, net of any related valuation allowances, of 25 percent or less of CBLR tangible equity.

  • Schedule M–3 (Form 1120–F), Net Income (Loss) Reconcilia- tion for Foreign Corporations With Total Assets of $10 Million or More: Column (b), Temporary Difference, Column (c), Permanent Difference, and Column (d), Other Permanent Differences for Allo- cations to Non-ECI and ECI, of Part II (reconciliation of income (loss) items) and Part III (reconciliation of expense/deduc- tion items).

  • Income (Loss) Items (a) Income (Loss) per Income Statement (b) Temporary Difference Note: Line 26, column (a), must equal Part I, line 11, and column (d) must equal Form 1065, Analysis of Net Income (Loss), line 1.

  • Notes Concerning Increases in and the Reversal of Allowance for Temporary Difference Adjustments For the periods from Dec.

  • Reversal of Allowance for Temporary Difference Adjustments (1) Buildings in trust The allowance for temporary difference adjustments will be reversed corresponding to removal of related assets or the sale of the buildings.

  • Allowance for Temporary Difference AdjustmentsPrevious fiscal period (From December 1, 2020 to May 31, 2021)1.


More Definitions of Temporary Difference

Temporary Difference means a difference between the tax basis of an asset or liability and its reported amount in the financial statements that will result in taxable or deductible amounts in future years when the reported amount of the asset or liability is recovered or settled, respectively. Some events recognized in financial statements do not have tax consequences. Certain revenues are exempt from taxation and certain expenses are not deductible. Events that do not have tax consequences do not give rise to temporary differences.

Related to Temporary Difference

  • Temporary Disconnection means an ICP is De-energised but there is no change to the status of the ICP in the Registry;

  • Temporary disability means wage loss replacement for the primary job;

  • Temporary Position means a non-permanent position which may be either full time or less than a full negotiated work week, used to perform the following work:

  • Temporary service means an electrical service granted temporarily for such purposes as construction, real estate sales, trailers, et cetera;

  • Temporary post means a post other than a permanent post.

  • Temporary Vacancy a vacancy in a position caused by the regularly assigned employee being absent from duty or temporarily assigned to other duties.

  • Temporary Work means all temporary works of every kind required in or about the execution, completion and maintenance of the works.

  • Temporary Total Disablement means disablement which entirely prevents the Insured Person from attending to their business or occupation.

  • Temporary worker means a person who is furnished to you to substitute for a permanent "employee" on leave or to meet seasonal or short-term workload conditions.

  • Temporary Cash Investment means any of the following:

  • Temporary domicile means the principal place of abode within Utah of a person who does not have a present intention to continue residency within Utah permanently or indefinitely.

  • Temporary total disability means disability that results in the inability of an employee to earn wages as a result of a compensable injury for which disability benefits may not exceed a cumulative total of one hundred four weeks or the date the employee reaches maximum medical improvement or maximum medical recovery, whichever occurs first.

  • Temporary job site means any location where industrial radiography, wireline service, well- logging, portable gauge or x-ray fluorescence use is performed and where licensed material may be stored other than those locations of use authorized on the license.

  • Temporary Cash Investments means any of the following:

  • Temporary use means a use or structure on improved or unimproved real estate which is of impermanent nature, and is used for less than ninety days in a calendar year.

  • Temporary Global Note means a global note in the form or substantially in the form set out in Part 1 of Schedule 6 together with the copy of the applicable Final Terms attached to it with such modifications (if any) as may be agreed between the Issuer, the Agent and the relevant Dealer, comprising some or all of the Notes of the same Series issued by the Issuer under the Programme Agreement or any other agreement between the Issuer and the relevant Dealer; Tranche means Notes which are identical in all respects (including as to listing); and

  • temporary building means a Building designed or constructed, erected or placed on land and which is demolished or removed from the lands within twelve months of Building Permit issuance;

  • Temporary Works means all temporary works of every kind required in or about the execution, completion or maintenance of works.

  • Temporary Work Agency means as defined in Regulation 4 of the AWR being a person engaged in the economic activity, public or private, whether or not operating for profit, and whether or not carrying on such activity in conjunction with others, of:

  • Difference means the difference in price upon the opening of a transaction and the closing of such Transaction.

  • Temporary means employment of an intermittent nature; for a limited, specified period; and undertaken during unpaid Maternity Leave or extended unpaid Maternity Leave.

  • Temporary housing means any tent, trailer, motor home, or other structure used for human shelter which is designed to be transportable and which is not attached to the ground, to another structure, or to any utilities system on the same premises for more than thirty (30) days.

  • Temporary beer event permit means a permit issued in accordance with Chapter 9, Part 4, Temporary Beer Event Permit.

  • Temporary Structure means any structure that is apparently temporary in nature;

  • Temporary Certificate means a certificate issued pursuant to subdivision (d) of section 7 of this local law.

  • Regulation S Temporary Global Note is exchangeable in whole or in part for one or more Global Notes only (i) on or after the termination of the 40-day restricted period (as defined in Regulation S) and (ii) upon presentation of certificates (accompanied by an Opinion of Counsel, if applicable) required by Article 2 of the Indenture. Upon exchange of this Regulation S Temporary Global Note for one or more Global Notes, the Trustee shall cancel this Regulation S Temporary Global Note.