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constructive receipt

   Also found in: Wikipedia 0.07 sec.
Constructive receipt
The date a taxpayer receives dividends or other income, for use in the determination of taxes.
constructive receipt
Receipt of items considered to be income for a given tax period even though payment is not received until later. For example, a dividend paid and mailed on December 30, 2003, but not received by stockholders until after the first of the following year is considered taxable income for 2003 because the stockholders are considered to have constructive receipt of the dividend.
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This case illustrates the interplay of the principal-agent relationship and the constructive receipt doctrine.
Value-added payment receipt not deferral by Brown, Michael H. / Journal of Accountancy
TEI's comments (which were published in the January-February 2004 issue of The Tax Executive) contended that the Commonwealth's expansive view of constructive receipt to nonqualified deferred compensation plans (based on rulings in recent court cases) was inappropriate.
Taxpayer victory imminent in Pennsylvania by Tax Executive
For if you are deemed to have constructive receipt of deferred monies, Saccacio warns, the amounts will be taxed "before" payment is made.
To secure your retirement there are things to consider about new tax ... by Rees, David / Los Angeles Business Journal
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