deferred tax

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Deferred Income Tax

On a balance sheet, a tax that a company will owe on its income, but that has not yet been assessed. Because of differences between tax regulations and the Generally Accepted Accounting Principles, income may be recognized on a balance sheet for accounting purposes, but not for tax purposes. However, that income will eventually be recognized for tax purposes and income tax will then be assessed. This tax is called deferred income tax, and is recorded as a liability on the balance sheet.

deferred tax

a PROVISION which a company may make to reflect the difference between CORPORATION TAX actually payable (based on CAPITAL ALLOWANCES), and the tax which would have been payable if the charge had been based solely on accounting profits (reflecting DEPRECIATION rates applied).
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NEW YORK -- Wolf Haldenstein Adler Freeman & Herz LLP, on September 1, 2006, filed a class action lawsuit in the United States District Court for the Northern District of California on behalf of all persons who, from October 1, 1998 through October 1, 2001, inclusive ("Class Period"), purchased or otherwise acquired an individual tax-deferred variable annuity contract or who received a certificate to a group tax-deferred variable annuity contract, or who made an additional investment through such a contract, issued by any of the defendants herein, which was used to fund a contributory retirement plan or arrangement qualified for favorable tax treatment pursuant to sections 401, 403, 408, 408A or 457 of the Internal Revenue Code (the "Class").
Most of the potential clients with whom I meet have the lion's share of their assets in their taxable and tax-deferred bucket, and little if any in their tax-free bucket.
If I believe I will be in the 15 percent marginal tax bracket in retirement and I have $18,000 to save in 2015,1 may want to save my first $12,550 in a tax-deferred account like a 401(k) that avoids current income tax and the remaining $5,450 in tax-free account (Roth) that I pay tax on now, but will grow tax free.
Owning a tax-deferred asset, like the stock of a good company or fund, in a taxable account is often wiser than holding the same fund or company in a tax-deferred account like an IRA or 401(k).
Assets in your 401(k) or IRA would be the tax-deferred bucket.
A textbook asset location strategy would put all tax-efficient asset classes in taxable vehicles, and all tax-inefficient asset classes in tax-deferred vehicles.
which to use first, tax-deferred or taxable accounts, for spending and wealth transfer;
Almost nine out of 10 fund-owning households own them through tax-deferred accounts earmarked for retirement, including IRAs and 401(k) plans.
TSP is a tax-deferred fund, which means the money contributed to the account is deducted right away from the person's taxable income, and the money in the fund isn't taxed until it is withdrawn at retirement.
If you do not want to actively manage a property and want to do a tax-deferred transaction, consider other low-risk real estate investments such as single-tenant net lease deals.
However, the transfer could be accomplished on a tax-deferred basis, if the existing USHoldco shareholders receive less than 50% of PLC's shares in the transfer.
The earnings in college savings plans grow tax-deferred from federal taxes.