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US Income Tax Constructive Receipt

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Community Guru
Ronald T Member Since: Sep 14, 2009
1 of 2

Do freelancers on oDesk have "unfettered control in determining when items of income will or should be paid." Is it true that "unlike actual receipt, constructive receipt does not require physical possession of the item of income in question" (2015 Wikipedia)?

 

Ref.: Constructive receipt http://en.wikipedia.org/wiki/Constructive_receipt

 

With all of the hoopla in the forums about hourly versus fixed price contracts, escrow and deposits, grace periods and other delays in payment (aka actual receipt), maybe a tax attorney is needed in order to advise US taxpayers as to how to determine what actually qualifies as income for year 2014.

 

Check out my post titled "Report for US Income Tax Purposes" http://community.odesk.com/t5/Freelancers/Report-for-US-Income-Tax-Purposes/m-p/60651#M22040

Ron aka LanWanMan
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Community Guru
Ronald T Member Since: Sep 14, 2009
2 of 2

hmm...apparently not a tax attorney in the bunch...no replies?

Ron aka LanWanMan
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