[WhereIsGod]

It is a question from Becker excercise

I cannot log on so I have to wait to call them

Mean time May someone help me to understand ? Thanks

Q:A cash basis taxpayer should report gross income….

Answer: fA cash basis taxpayer should report gross income for the year in which income is either received or constructively received , whether in cash or in property

what does it mean here ” constructively received?” Any example?

Thank you in advance!! Happy holidays…

[Yvonne570]

Since you cannot log in, the IRS has some helpful information about the concept of constructively received. A good example would be receipt of a valid check but you did not cash this yet.

https://www.irs.gov/businesses/small/article/0,,id=117613,00.html

AUD - Passed:)
FAR - Passed:)
REG - Retake TBD
BEC - Missed by 3 points Retake TBD

[WhereIsGod]

Yvonne570

Thank you very much

Good luck!

[Author]

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