Buyers are protected from liability for taxes for prior tax years by reviewing their title reports, because any taxes for prior years will appear there. (oregonrealtors.org)
If you took a tax deduction for contributions you made to the plan in prior tax years, your distributions are taxable when you withdraw them, up to the amount you previously deducted. (turbotax.intuit.com)
The business owner looks at expenses from prior tax years that were not amortized on federal tax returns and also considers depreciation. (bizfluent.com)