constructive receipt of income
doctrine under which a taxpayer is required to include in gross income amounts that, though not actually received, are deemed received during the tax year.
CONSTRUCTIVE RECEIPT - The concept that a taxpayer does not actually have to take possession of money f...
CONSTUCTION LOAN - A short term interim loan for financing the cost of construction. The lender advance...
Constructive Receipt
A taxpayer is considered to have received the income even though the monies are not in hand, it may have been set aside or otherwise made available. An example is interest on a bank account.
Constructive Receipt
Income may be earned under the doctrine of constructive receipt. This is an exception to the general rule that taxpayers on the cash basis of accounting must have actual receipt of income before it is taxable.
Constructive receipt. A concept of tax law that taxes income at the time you could have received it, even if you don't actually have it.
Constructive Receipt
The idea in which a taxpayer does not actually have to take possession of money for it to be taxable.
Constructive receipt
The date a taxpayer receives dividends or other income, for use in the determination of taxes.
[4] A cash basis taxpayer can look to the doctrine of constructive receipt and the doctrine of cash equivalence to help determine when income is received. Most individuals start as cash basis taxpayers.
Deferred Compensation: The deferral of constructive receipt of current earned income or compensation to a later date, usually retirement, so future receipt might experience a potentially lower marginal tax rate.
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After constructive receipt of the distribution, an individual has 60 days to roll the funds over into another qualified funding vehicle in order for the funds to remain qualified.
Similarly, if you receive interest on a money market account, you have constructive receipt of the money when it is credited to your account, not when it is withdrawn.
A short-term loan to finance building costs.
Constructive receipt
The date a taxpayer receives dividends or other income, for use in the determination of taxes.
Consular Invoice ...
constructive receipt The date that the IRS determines an individual received dividends, a retirement benefit, a death benefit, etc. Generally the date on which the property is available to the individual.
constructive receipt According to the IRS, the date when a taxpayer received income. This is interpreted... consumer User of goods. Goods consist of both products and services. This term refers...
 See also: Expense, Compensation, Saving, Proprietorship, Cash basis
  
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