Question: Income is taxable to a cash basis taxpayer in the year in which it is paid, or made available to the taxpayer. This is the
Income is taxable to a cash basis taxpayer in the year in which it is paid, or made available to the taxpayer. This is the doctrine of_____________ .
A. Constructive receipt.
B. Economic benefit.
C. Risk of forfeiture.
D. Variable bonus.
Step by Step Solution
3.38 Rating (164 Votes )
There are 3 Steps involved in it
The doctrine that states income i... View full answer
Get step-by-step solutions from verified subject matter experts
