Logourl black

Constructive receipt

Definition

A federal tax doctrine requiring cash-basis taxpayers to recognize income in the tax year that funds are made available to them, regardless of whether they draw upon the funds.

Related Rules [?]


The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.