Future income taxes are upcoming tax costs or savings due to discrepancies between financial statements and tax returns. Learn how these deferred taxes impact your financial reporting.

Earnings before interest and taxes (EBIT) indicate a company's profitability and are calculated as revenue minus expenses, excluding taxes and interest expenses.

If you own rental property, you’ll need to file a Schedule E tax form with the IRS to report rental income income or losses. Schedule E is filed along with your Form 1040 individual income tax return.