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"earnings RECEIVED in a calendar year" - factcheck

Posted: Jan 24th, 2020 - 7:52 pm In Reply to: Keystrokes and correct IRS information - Anon

Consider this: "Direct Deposits

If you make paychecks available to employees before the end of the year—through direct deposit, for example—the pay must be considered to be received (and taxable) in that year, even if the direct deposit check includes income for the following year.

The IRS says that income is constructively received when it's credited to an account or made available without restriction. Constructive receipt is an accounting term that refers to when income is considered to be in the possession of someone and when it is available to be spent. Employees must report income in the year it was received or made available without restriction."

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Keystrokes and correct IRS information - Anon (Views: 764, 2020-01-24, 7:17 pm)
- "earnings RECEIVED in a calendar year" - factcheck
  - I would love for her to go to a federal prison. - She deserves everything she gets and more. (Views: 550, 2020-01-24, 8:54 pm)
    - She's been there before - She needs to go back (Views: 691, 2020-01-24, 9:13 pm)
    - I would also. She is a dirty cheat and a liar. - ex-ex KS (Views: 465, 2020-01-25, 5:39 pm)
    - Definitely REPORT Keystrokes loser CFO Tom Trainor - He is just a culpable for fraud as LT (Views: 385, 2020-01-28, 6:29 am)
- This may be what finally puts this felon back behind bars! - Where she belongs along with her nest of thieves (Views: 560, 2020-01-26, 7:21 pm)