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Retirement Planning
Chapter 12: Deferred Compensation & Equity Compensation/CONSTRUCTIVE RECEIPT
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Chapter Study Session

Chapter 12: Deferred Compensation & Equity Compensation

CONSTRUCTIVE RECEIPT

01.Core Concepts

• Establishes when income is included in a taxpayer’s taxable income • Occurs when funds are:  Set aside for the taxpayer, or  Credited to the taxpayer’s account, or  Made available so that the taxpayer may draw upon them at any time • Income is constructively received if receipt of the funds is not subject to limitations or restrictions.