defer

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defer to (someone or something)

To submit or yield to someone or something. I really need to defer to your mother on this one—she's in charge of all the Thanksgiving plans.
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defer to someone or something (on something)

to yield to someone or something on some question or point. I will defer to Mary on that question. She would not defer to the committee on anything.
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References in periodicals archive ?
A top-hat plan is a nonqualified deferred compensation plan that lets highly compensated employees defer taxes on pay and any employer-matching funds.
There should also be a separate election form on which the shareholder makes the annual election to defer any year-end bonus.
Thus, if an FSC defers paying a dividend, the parent's current AMT liability can be minimized.
If the parent corporation is in a continuous AMT situation for the foreseeable future, deferring an FSC dividend defers AMT.
* Defer Year-End Bonuses: Accrual basis C-corporations can deduct a current year bonus not actually paid to an employee if: (a) the employee does not own more than 50% in value of the corporation's stock, (b) the bonus is properly accrued on its book before the end of the current tax year, and (c) the bonus is actually paid within the first 2 1/2 months of 2002.
In both cases, the taxpayers used local cotton ginners as agents to defer income from their crops to the year after they were harvested and sold to buyers.
* Defer Year-End Bonuses: Accrual basis C-corporations can deduct a current year bonus not actually paid to an employee if: (a) the employee does not own more than 50% in value of the corporation's stock, (b) the bonus is properly accrued on its books before the end of the current tax year, and (c) the bonus is actually paid within the first 2 1/2 months of 2002.
108's legislative history indicates that Congress did not intend for DOI income to be tax-exempt; the intent was to defer payment of tax, not to provide for a permanent exemption.