According to the IRS, the date when a taxpayer received income, such as a dividend payment, interpreted as the first date the taxpayer has the right to claim it, whether or not that claim was actually exercised.
Related information about constructive receipt:
- Constructive receipt - Wikipedia, the free encyclopedia
For federal income tax purposes, the doctrine of constructive receipt is used to determine when a cash-basis taxpayer has received gross income. A taxpayer is ...
- Constructive Receipt Definition | Investopedia
A tax term mandating that a taxpayer is liable for income, which has not been physically received, but has been credited to the taxpayer's account or otherwise ...
- What is Constructive Receipt - Filing Business Taxes - About.com
Constructive receipt is an accounting concept that determines when income must be taken, for accounting purposes. Usually constructive receipt comes into ...
- Constructive Receipt: Timing Is Everything | CCIM Institute
Constructive receipt is often difficult to determine. IRC Section 1.451-2(a) outlines the constructive receipt doctrine. It states that income, although not actually in ...
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Under the constructive receipt doctrine, an amount may become currently taxable to a cash basis taxpayer before it is actually received. The tax code states that ...
- Constructive Receipt and the Substantial Restrictions Limitation
Anthony P. Curatoia, Editor Taxes. Constructive Receipt and the Substantial l By Leonard G. 1Welcl and Charles E. Price, CPA. THE GENERAL RULE FUR ...
- Constructive receipt - Financial Dictionary - The Free Dictionary
The date a taxpayer receives dividends or other income, for use in the determination of taxes. constructive receipt. Receipt of items considered to be income for a ...
- § 1.451-2 Constructive receipt of income. :: PART 1--INCOME - Justia
1.451-2 Constructive receipt of income. (a) General rule. Income although not actually reduced to a taxpayer's possession is constructively received by him in the ...