Taxes payables

Hey Guys,

I had a question regarde taxes payable that can sometimes be on a company’s balance sheet.

So I know that generally, in an M&A deal, taxes payable tend to be considered a debt like item, therefore reducing the purchase price.

However, should we also consider it as a debt like item when scrubbing comps, precedents and doing a DCF? I never included taxes payable in any of my comps and precedents total debt like items and not in my DCFs either.

Just recently learned about this type of accounts treatment during a sell-side process.

Curious to know how you guys typically treat it.

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