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LM Funding America's tax expense for the months ended in Dec. 2023 was $0.06 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2023 was $0.06 Mil.
The historical data trend for LM Funding America's Tax Expense can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
LM Funding America Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Tax Expense | Get a 7-Day Free Trial | - | - | 0.33 | 1.44 | 0.06 |
LM Funding America Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Tax Expense | Get a 7-Day Free Trial | 0.13 | - | - | - | 0.06 |
Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.
Tax Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.06 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
LM Funding America (NAS:LMFA) Tax Expense Explanation
In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.
Thank you for viewing the detailed overview of LM Funding America's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Ryan H Duran | officer: Chief Financial Officer | 3408 W. CHEROKEE AVE, TAMPA FL 33611 |
Bruce M. Rodgers | director, officer: Chairman, CEO and President | 302 KNIGHTS RUN AVE., STE. 1000, TAMPA FL 33602 |
Richard D. Russell | officer: Vice President of Operations | 3201 W BAY VISTA AVE, TAMPA FL 33611 |
Andrew L. Graham | director | 3802 COCONUT PALM DRIVE, TAMPA FL 33619 |
Tian Zhang | director | 1200 WEST PLATT STREET, SUITE 100, TAMPA FL 33606 |
Douglas I. Mccree | director | 302 KNIGHTS RUN AVE., STE. 1000, TAMPA FL 33602 |
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Frank Charles Silcox | director | FS VENTURES, LLC, 315 S. PLANT AVENUE, TAMPA FL 33606 |
User-friendly Holding, Llc | 10 percent owner | 10200 GROGANS MILL RD., SUITE 440, THE WOODLANDS TX 77380 |
User-friendly Phone Book, Llc | 10 percent owner | 10200 GROGANS MILL RD., SUITE 440, THE WOODLANDS TX 77380 |
Xueyuan Han | 10 percent owner | 22 WHITE PLACE, WEST ORANGE NJ 07052 |
Bz Industrial Ltd | 10 percent owner | 22 WHITE PLACE, WEST ORANGE NJ 07052 |
Craven House Capital North America Llc | 10 percent owner | 107 WEST FEDERAL ST. PO BOX 480, MIDDLEBURG VA 20018-0480 |
Frederick J Mills | director | 3006 EUCLID AVE, TAMPA FL 33611 |
Carollinn Gould | director, 10 percent owner, officer: VP - General Manager | 302 KNIGHTS RUN AVE., STE. 1000, TAMPA FL 33602 |
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