GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mill City Ventures III Ltd (NAS:MCVT) » Definitions » Tax Expense

MCVT (Mill City Ventures III) Tax Expense : $0.01 Mil (TTM As of Sep. 2024)


View and export this data going back to 2009. Start your Free Trial

What is Mill City Ventures III Tax Expense?

Mill City Ventures III's tax expense for the months ended in Sep. 2024 was $0.13 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2024 was $0.01 Mil.


Mill City Ventures III Tax Expense Historical Data

The historical data trend for Mill City Ventures III'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.

* Premium members only.

Mill City Ventures III Tax Expense Chart

Mill City Ventures III Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.29 1.06 0.01 -0.46

Mill City Ventures III Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.06 -0.42 0.17 0.14 0.13

Mill City Ventures III Tax Expense Calculation

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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.01 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.


Mill City Ventures III  (NAS:MCVT) 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.


Mill City Ventures III Tax Expense Related Terms

Thank you for viewing the detailed overview of Mill City Ventures III's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.


Mill City Ventures III Business Description

Traded in Other Exchanges
N/A
Address
1907 Wayzata Boulevard, Suite 205, Wayzata, MN, USA, 55391
Mill City Ventures III Ltd is a non-bank lender and specialty finance company. The company is engaged in the business of providing short-term specialty finance solutions primarily to private businesses, micro-and small-cap public companies, and high-net-worth individuals. The principal specialty finance solutions that they provide are high-interest short-term lending arrangements. Typically, these lending arrangements involve obtaining collateral as security for the borrower's repayment of funds, or personal guarantees from the principals or affiliates of the borrower.
Executives
Douglas Michael Polinsky director, officer: Chief Executive Officer 130 LAKE ST. WEST, WAYZATA MN 55391
Laurence S Zipkin director 701 XENIA AVE S., SUITE 130, MINNEAPOLIS MN 55416
Geraci Joseph Anthony Ii director, 10 percent owner, officer: Chief Financial Officer 900 IDS CENTER, 80 S. EIGHT STREET, MINNEAPOLOS MN 55402
Lyle Berman director 10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305
Howard P Liszt director 5929 BAKER ROAD, SUITE 475, MINNETONKA MN 55345
Neal Linnihan 10 percent owner 8154 INGBERG CIRCLE, STILLWATER MN 55082
Scott Zbikowski 10 percent owner 109 SW 50TH STREET, CAPE CORAL FL 33914
Chris Larson director 701 NORTH THIRD STREET, MINNEAPOLIS MN 55401
Joseph D Hammer director 150 CENTRAL PARK SOUTH, 2ND FLOOR, NEW YORK NY 10019
Amit Sela 10 percent owner 13564 WESTERNESSE ROAD, MINNETONKA MN 55305