MLchartDataset catalogue

Constructive receipt of income

Term · Law · MLC-T-LAW-001233

A tax principle stating that income is taxable to an individual even if it has not been physically received, provided it is made available without restriction and the taxpayer has the power to control its receipt. This prevents taxpayers from deferring income by simply choosing not to collect it. For example, a paycheck held by an employer at the employee's request is constructively received.

Table 1. Record
IdentifierMLC-T-LAW-001233
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001233",
  "term": "Constructive receipt of income",
  "field": "Law",
  "definition": "A tax principle stating that income is taxable to an individual even if it has not been physically received, provided it is made available without restriction and the taxpayer has the power to control its receipt. This prevents taxpayers from deferring income by simply choosing not to collect it. For example, a paycheck held by an employer at the employee's request is constructively received.",
  "url": "https://mlchart.com/terminology/law/constructive-receipt-of-income/"
}

Record 1,073 of 5,441 in Law terminology (MLC-0107). Request the full dataset.