is deferred tax liability a good or bad thing 
deferred tax liability is a record of taxes that have been incurred but have not yet been paid this line item on a company s balance sheet reserves money for a known future expensethat reduces the cash flow that a company has available to spend but that s not a bad thing the money has been earmarked for a specific purpose i e paying taxes the company owes the company could be in trouble if it spends that money on anything else 