Deferred tax expense(redirected from Deferred Tax Expenses)
Deferred tax expense
Deferred Tax Expense
Money that an individual or company owes for taxes but has not yet paid. Deferred tax expenses are placed aside and kept until the company or individual pays taxes, either once per quarter or once per year. Deferred tax expenses are most common for corporations and independent contractors who do not have their taxes deducted from their cash inflows.