Tax Principle

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August 31, 2024 4 min read Definitions

Constructive Receipt: Tax Principle on Income Availability

Taxation Finance Accounting Tax Principle Income IRS Tax Law Accounting

Constructive Receipt is a tax principle requiring income to be taxed when it is made available to a taxpayer without restrictions.

August 31, 2024 4 min read Definitions

Substance over Form Doctrine: Focusing on the Substance of Transactions

Taxation Law Accounting Tax Principle Constructive Dividends Transactions Legal Doctrine Substance Over Form

The Substance over Form Doctrine is a broader tax principle that underlies the concept of constructive dividends, emphasizing the importance of the actual substance of transactions rather than their legal form.