Choices: Substance over from Doctrine, Code Section Numbers, primary Authorities, Tax Advise Memo (TAM), Doctrine of Constructive Receipt, Treasury Regulations, US District Court Decision, Assignment of Income Doctrine, Ad Valorem Taxes, PSCs, Abatement, Deferred Tax Liability, Deferred Tax Asset, US Court Appeals Citation.

Deferred Tax Asset An expense is deductible for book purposes in the current period but is not deductible for tax until a future period. Lengsfield v. Comm., 57-1 USTC 19437 (CA- 5, 1957) US. Court of Appeals Citation V The government may grant a temporary tax exemption. [Choose)