A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. (sec.gov)
It will absorb a $ 35 million net loss, after writing down deferred tax assets associated with the business. (afr.com)
They're sitting on $ 7 mm in deferred tax assets which are not shown on the balance sheet because they're all reduced by an equivalent valuation allowance. (greenbackd.com)