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:

Power Motive

The inherent drive to influence or control others and to achieve a position of authority.

Impulsivity

A trait characterized by acting on a whim, displaying behavior characterized by little or no forethought, reflection, or consideration of the consequences.

Self-Control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.

Self-Regulation

The process of guiding and directing yourself to a desired state.