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TRCC (Traccom) Tax Expense : $ Mil (TTM As of . 20)


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What is Traccom Tax Expense?

Traccom's tax expense for the six months ended in . 20 was $0.00 Mil.

Traccom Tax Expense Historical Data

The historical data trend for Traccom'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.

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Traccom Tax Expense Chart

Traccom Annual Data
Trend
Tax Expense

Traccom Semi-Annual Data
Tax Expense

Traccom 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.

Traccom  (OTCPK:TRCC) 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.

Traccom Tax Expense Related Terms

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Traccom Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Traccom Inc (OTCPK:TRCC) » Definitions » Tax Expense
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Traded in Other Exchanges
N/A
Address
2013 SkyCrest Dr. No. 4, Walnut Creek, CA, USA, 94595
Website
https://www.traccom.com
Traccom Inc engaged in the designing, manufacturing, marketing, and sale of tracking and monitoring devices for consumer and commercial use. Its device, trademarked as Traccom facilitates the tracking of consumer passenger airline luggage. The company's Medical Pro product addresses the healthcare industry by providing real-time daily monitoring of people with chronic or serious health conditions. The Company's two primary products which is the Traccom Basic Tracker and the Health Hub, have completed their final development and testing and are ready for production once the required level of funding has been achieved.