"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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