Constructive receipt represents the principle that cash basis taxpayers should be taxed on income when it is made available to t

Question

ololo11 [35]

3 years ago

10

Constructive receipt represents the principle that cash basis taxpayers should be taxed on income when it is made available to t

hem without substantial restrictions.

Business

1 answer:

Mila [183] · Answer 1 · 2021-11-12T03:06:27+03:00

If this is a true or false question, then the answer is definitely true.
This definition you wrote above does indeed refer to constructive receipt. It is used to determine whether a tax payer has received a gross income and whether and when he or she should pay their taxes, as well as to calculate how much they are supposed to pay.