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2. Constructive receipt - Wikipedia

   en.wikipedia.org/wiki/Constructive_receipt

   The full text of the IRS regulation defining constructive receipt states as follows: [2] Income although not actually reduced to a taxpayer's possession is constructively received by him in the taxable year during which it is credited to his account, set apart for him, or otherwise made available so that he may draw upon it at any time, or so that he could have drawn upon it during the taxable ...

3. These Are the Receipts To Keep for Doing Your Taxes - AOL

   www.aol.com/finance/receipts-keep-doing-taxes...

   Gathering and saving receipts and tax documents is an important part of filing taxes and receiving your refund quickly. Whether you take the standard deduction or itemize deductions, most people ...

4. Taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_the_United_States

   Taxable income may differ from income for other purposes (such as for financial reporting). The definition of taxable income for federal purposes is used by many, but far from all states. Income and deductions are recognized under tax rules, and there are variations within the rules among the states. Book and tax income may differ.

5. Income tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Income_tax_in_the_United...

   There are many federal tax rules designed to prevent people from abusing the tax system. Provisions related to these taxes are often complex. Such rules include: Accumulated earnings tax on corporation accumulations in excess of business needs, Personal holding company taxes, Passive foreign investment company rules, and

6. Doctrine of cash equivalence - Wikipedia

   en.wikipedia.org/wiki/Doctrine_of_Cash_Equivalence

   The Doctrine of Cash Equivalence states that the U.S. Federal income tax law treats certain non-cash payment transactions like cash payment transactions for federal income tax purposes. [1] The doctrine is used most often for deciding when cash method (as opposed to accrual method) taxpayers are to include certain non-cash income items.

7. Davis v. Commissioner (constructive receipt) - Wikipedia

   en.wikipedia.org/wiki/Davis_v._Commissioner...

   Davis v. Commissioner, T.C. Memo. 1978-12 (1978), [1] was a case in which the United States Tax Court held that in order to have constructive receipt, a taxpayer must have notice of the attempt to transfer funds to the taxpayer.

8. Internal Revenue Code section 61 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   Section 61 of the Internal Revenue Code (IRC 61, 26 U.S.C. § 61) defines "gross income," the starting point for determining which items of income are taxable for federal income tax purposes in the United States. Section 61 states that "[e]xcept as otherwise provided in this subtitle, gross income means all income from whatever source derived

9. Claim of right doctrine - Wikipedia

   en.wikipedia.org/wiki/Claim_of_right_doctrine

   In other words, A taxpayer must report the receipt of income for the time that she or he has control over it. If a taxpayer ends up having to return the income recognized under the claim of right doctrine, then the taxpayer may receive a tax credit for that amount according to the Internal Revenue Code, if such a credit is a greater tax benefit ...