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 Glossary   >   T   >   "Tax Liability" Definition   

        Tax Liability

The total amount of tax that a person owes to the IRS after credits and payments are made by the taxpayer.

Tax Liability


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Tax Liability - The total amount of tax that a person owes to the IRS after credits and payments are made by the taxpayer.


Tax Liability : the total amount of tax that a person owes to the irs after credits and payments are made by the taxpayer.