What was the total deferred federal income tax for 1 800 Packouts?
1_800_Packouts Franchise · 2025 FDDAnswer from 2025 FDD Document
| _ | 2022 | 2021 | |
|---|---|---|---|
| Deferred: | |||
| Federal | 1,048,721 | 408,225 |
| Federal | 453,482 | (292,567) |
Source: Item 23 — RECEIPT (FDD pages 67–238)
What This Means (2025 FDD)
According to the 2025 FDD, 1 800 Packouts had varying deferred federal income tax figures across different periods. In 2023, the deferred federal income tax was a benefit of $(292,567). However, in 2022, it was a provision of $1,048,721, and in 2021, it was $408,225.
These figures reflect the changes in deferred tax assets and liabilities of 1 800 Packouts, which arise from temporary differences between the book and tax bases of assets and liabilities. These differences are primarily related to items such as intangible assets, deferred costs, fixed assets, deferred revenue, and net operating loss carryforwards.
A prospective franchisee should understand that deferred tax amounts can fluctuate significantly from year to year, depending on the company's financial performance and tax planning strategies. It is important to consult with a financial advisor to understand the implications of these deferred tax figures on the overall financial health of 1 800 Packouts.