More terms
Income Tax Expense
The estimated tax cost attributable to income earned during a reporting period and recognized on that period's income statement.
What traders should verify
For Income Tax Expense, identify the statement, reporting period, accounting policy, footnote support, comparable periods, and cash-flow effect.
Do not conflate
Income Tax Expense is an accounting measure or classification; it is not automatically cash, fair value, liquidity, or current market value.
Primary source
SEC definitionSource boundary: this glossary reflects SEC staff views and is not a Commission rule, regulation, or statement. Check the linked source for current wording and legal context.