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    Accounting Dictionary

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    Tax Position

    A tax position is a position that an entity takes in a previously filed tax return or which it expects to take in a future tax return, which it uses to measure current or deferred income tax assets and liabilities. A tax position can yield a permanent reduction or deferral of income taxes payable.

    Examples of tax positions are the decision to not file a tax return, to shift income between tax jurisdictions, and to classify a transaction as tax-exempt.