Define: Accrued Taxes

How is Accrued Taxes defined in a legal contract?

• Accrued Taxes means the unpaid tax liability or obligations as of a specific date. This obligation is often associated with a defined period and is computed following customary practice.
  Seen in 6 SEC filings.
• Accrued Taxes means the total unpaid income tax liability of certain entities, related to activities prior to and inclusive of a defined date. The calculations consider estimated prepayments, transaction-related reductions, and past practice, excluding any taxes tied to actions outside the usual business operations.
  Seen in 4 SEC filings.
• Accrued Taxes means the amount of unpaid taxes asserted to the involved entities immediately prior to a specified event or time.
  Seen in 3 SEC filings.
• Accrued Taxes means the tax obligation for a leading up to and inclusive of a specified event, assessed by calculating tax returns that relate solely to the concerned entities. This tax obligation considers estimated payments and offsets made prior to the defined date.
  Seen in 3 SEC filings.
• Accrued Taxes means the current payable tax liabilities, along with deferred tax liabilities.
  Seen in 3 SEC filings.
• Accrued Taxes means all taxes attributed to a person or their income, operations or properties accruing up until and including the event or period in question.
  Seen in 3 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of accrued taxes’ yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Accrued Taxes means the tax obligations of an [organization], unpaid and accumulated up to a specific [date].

Relevant Contract Types

• Asset Purchase Agreement
• Share Purchase Agreement
• Merger Agreement
• Business Sale Agreement

Relevant Circumstances

• Acquisition of a company or its assets
• Merger of two companies
• Business restructuring or reorganization

Relevant Sectors

• Manufacturing.
• Financial Services
• Retail
• Healthcare

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Genie Definition 2

Accrued Taxes means the current and deferred tax liabilities of an [organization] at a specific [date].

Relevant Contract Types

• Financial Agreement
• Loan Agreement
• Lease Agreement

Relevant Circumstances

• Borrowing or extending a loan
• Financial transactions involving assets
• Signing a lease for property

Relevant Sectors

• Real Estate
• Banking
• investment services
• Corporate Finance

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