Postponing income
(redirected from Postponing Incomes)Postponing income
Purposely delaying receipt of income to a later year in order to reduce current tax liability.
Postponing Income
The act or practice of not receiving otherwise expected income in a given tax year in order to reduce one's tax liability. For example, a company may postpone income if it has had a net operating loss in the year to date and wishes to apply it to future tax liability. Realizing income in the current tax year may eliminate that possibility. See also: Future Income Tax.