A bill that is owed to a government for taxes. The taxes may be income, property, or a variety of other taxes. If tax liabilities are not paid, a lien can be placed on the assets until payment is received.
tax liability - Investment & Finance Definition
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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"tax liability." YourDictionary, n.d. Web. 07 December 2018. <https://www.yourdictionary.com/tax-liability>.
APA Style
tax liability. (n.d.). Retrieved December 07th, 2018, from https://www.yourdictionary.com/tax-liability
