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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01377791: Allowance (DS10)

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This document explains accounting treatment of valuation allowances for deferred tax assets. It describes how a valuation allowance reduces deferred tax assets to the amount more likely than not to be realized, and the conditions under which a company would establish such an allowance if realization of deferred tax assets is uncertain.

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A valuation **allowance** reduces the deferred tax assets to the amount that is more likely than not to be realized.
Excerpt 2
If it is more likely than not that the Company would not realize the deferred tax assets, then the Company would establish a valuation **allowance** for all

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