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Income Taxes:
 3 Months Ended
Mar. 31, 2012
Income Taxes:  
Income Taxes:

20. Income Taxes:

        The Company has made taxable REIT subsidiary elections for all of its corporate subsidiaries other than its qualified REIT subsidiaries. The elections, effective for the year beginning January 1, 2001 and future years were made pursuant to section 856(l) of the Code. The Company's Taxable REIT Subsidiaries ("TRSs") are subject to corporate level income taxes which are provided for in the Company's consolidated financial statements. The Company's primary TRSs include Macerich Management Company and Macerich Arizona Partners LLC.

        The income tax (provision) benefit of the TRSs is as follows:

 
   For the Three
Months Ended
March 31, 		 
 
   2012   2011  

Current

   $ —   $ —  

Deferred

     (1,850 )   2,478  
           

Income tax (provision) benefit

   $ (1,850 ) $ 2,478  
           

        The net operating loss carryforwards are currently scheduled to expire through 2032, beginning in 2021. Net deferred tax assets of $27,282 and $26,829 were included in deferred charges and other assets, net at March 31, 2012 and December 31, 2011, respectively.

        The tax returns for the years 2008-2011 remain open to examination by the taxing jurisdictions to which the Company is subject. The Company does not expect that the total amount of unrecognized tax benefits will materially change within the next 12 months.