Constructive Receipt Represents the Principle That Cash-Basis Taxpayers Should Be

question 131

True/False

Constructive receipt represents the principle that cash-basis taxpayers should be taxed on income when it is made available to them without substantial restrictions.

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Definitions:

Gestation

The period of development from the time of fertilization until birth in organisms that undergo embryonic and fetal development, notably humans.

Adoption Agency

An organization that facilitates placing children into adoptive families, ensuring the welfare of the child and assisting in the legal and logistical processes involved.

Average Gestation

The typical duration of pregnancy, measured from the first day of the woman's last menstrual period until the birth of the baby, usually around 40 weeks in humans.

Oocytes

Immature eggs in the ovaries that can develop into mature eggs during ovulation.