Explore: Deferred Tax

Deferred tax is a notional asset or liability to reflect corporate income taxation on a basis that is the same or more similar to recognition of profits

the same. Taxes can sometimes be deferred indefinitely, or may be taxed at a lower rate in the future, particularly for deferral of income taxes. Corporations

appropriate accounting period. Two common types of deferrals are deferred expenses and deferred income. A deferred expense represents cash paid in advance for

legitimate purpose other than to create a tax loss. Tax may be waived if the asset is given to a charity. Tax may be deferred if the taxpayer sells the asset but

Tax advantage refers to the economic bonus which applies to certain accounts or investments that are, by statute, tax-reduced, tax-deferred, or tax-free

corporate bonds Liabilities and assets for current tax Deferred tax liabilities and deferred tax assets Unearned revenue for services paid for by customers

IRAs are defined as specific tax deferred accounts rather than deferred compensation items. If the payer of the deferred compensation is a US citizen

Uncertain Tax Position refers to the uncertainties involving tax items claimed or intended to be claimed on an income tax return with a taxing authority

Examples of deferred compensation include pensions, retirement plans, and employee stock options. The primary benefit of most deferred compensation is

profit less adjusted taxes (NOPLAT) refers to after-tax EBIT adjusted for deferred taxes, or NOPAT + net increase in deferred taxes. It represents the profits