Deferred income

Deferred income
Deferred income is the converse of accruals. It is income received during an accounting period, but for which the company has not yet supplied the goods and services as at the end of the period, ...

Deferred income, in accrual accounting, (e.g. advance payment received from a client) is, according to revenue recognition, revenue not earned until the delivery of goods or services, which until then, is still owed to the payer, ...

deferred income taxes
A liability representing the differences between the income tax expense associated with the revenues and expenses reported on a corporation's income statements and the actual income tax appearing on the corporation's income ...

deferred income tax charge
asset resulting when taxable income exceeds book income as a result of a temporary difference in the recognition of income and expense items. Thus, the tax payable will be greater than the tax expense.

Fishing Deferred Income
Certain exchanges of property are not taxable. This means any gain from the exchange is not recognized and you cannot deduct any loss, for example, transfer of property incident to divorce.

DEFERRED INCOME - any income that is received before it is due or before it is earned. Rent paid in adv...
DEFERRED INCOME TAXES - ASSETS or LIABILITIES that arise from timing or measurement differences between...

Deferred Income Taxes
ASSETS or LIABILITIES that arise from timing or measurement differences between tax and accounting principles.

Deferred Income Tax Expense
That portion of the total income tax provision that is the result
of current-period originations and reversals of temporary differences.
Deferred Tax Asset ...

Deferred income - This refers to the income that the company has received cash for but has yet to be "earned". For example, 12 months gym membership being paid in the middle of the fiscal year.

Tax-deferred income
Dividends, interest, and unrealized capital gains on investments in an account such as a qualified retirement plan, where income is not subject to taxation until a withdrawal is made.
Tax-deferred retirement plans ...

Tax Deferred Income: Tax deferred income is cash flow on which no tax is presently payable because the depreciation deduction is at least as large as the cash flow. The tax is thus deferred until the property is sold.

Deferred income tax refers to the additional income tax that a company would have had to pay if it were subject to the full statutory income tax rate.

Deferred Income TaxesExpand/Collapse
Income tax that would otherwise be payable currently, but which is not paid immediately.

Deferred Income Tax
A liability recorded on the balance sheet that results from income already earned and recognized for accounting, but not tax, purposes.

See also: Deferred Income Tax, Extended IRA, Income Tax, IRA, Roth IRA, RRSP, SEP, SIMPLE, Traditional IRA
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Coverdell Education Savings Account - ESA
Net Unrealized Appreciation - NUA ...

An expense that a taxpayer is allowed to deduct from taxable income.
Tax-deferred income ...

Deferred credits
Deferred income listed in the liability section of the balance sheet.
Trade credit
Credit granted by a firm to another firm for the purchase of goods or services.

Dictionary Term
deferred income
Checklists
Measuring Financial Health ...

DEFERRED INCOME Term used to describe income which will be realized at a future date, thus delaying any tax liability.

Also known as deferred income and income drawdown....(Read more)
Flight To Quality
A trend on the part of investors to switch from riskier assets to safer assets, typically from equities to bonds, when economic circumstance...(Read more) ...

A deferred profit sharing plan is a deferred income plan to which only the employer may contribute on behalf of an employee.

A company's net income for a stated period plus any deductions that are not paid out in actual cash, such as depreciation and amortization, deferred income taxes, and minority interest.

Beneficiary
A person who benefits from the terms of a trust, a will, an RRSP or other deferred income plan, or an insurance policy.

Growth funds to maximize capital over the long- and short-term.
A tax-free money market for savings and to reduce taxes on current income.
An IRA or retirement plan to maximize tax-deferred income.

Foreign Sales Corporation (FSC): Under U.S. tax code, a type of foreign corporation that provides tax-exempt or tax-deferred income for U.S. persons or corporations having export-oriented activities.

Common investment products include: certificates of deposit (CDs), treasury bonds, stocks and options, life insurance annuities, mutual funds, and tax-deferred income annuities.

It is calculated by taking the sum of common and preferred stock equity, long-term debt, deferred income taxes, investment credits and minority interest.

For example, in magazine income accounting, the pro rata value of all copies served, based on the subscription price divided by the total number of issues to be served, is earned income. The value of copies not yet served is deferred income.

In this case it would be represented by an account called prepaid insurance. Deferred income is the opposite situation. For example, six months rent received in advance.

The cash value of life insurance less the amount of loans against it is an asset. Deferred income tax on the difference between the income tax basis and estimated current values is presented between liabilities and equity.

See also: Expense, Banks, Saving, Compensation, Accounting period