EBK CONCEPTS IN FEDERAL TAXATION 2019
EBK CONCEPTS IN FEDERAL TAXATION 2019
26th Edition
ISBN: 9781337671774
Author: Murphy
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Chapter 2, Problem 12DQ
To determine

Explain the manner in which doctrine of constructive receipt apply to cash basis taxpayers.

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How is tax accounting different from financial accounting?
The constructive receipt doctrine requires that income be recognized when it is made available to the cash basis taxpayer even though there are restrictions on actually receiving it. The constructive receipt doctrine does not apply to accrual basis taxpayers.   True  False
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