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Tax Implications Jimmy is a cash basis taxpayer who received a check on December 28th for tax services he provided earlier that month. He cashed
"Tax Implications"
- Jimmy is a cash basis taxpayer who received a check on December 28th for tax services he provided earlier that month. He cashed the check in January. When does he report the money he received? Does this change if he deposited the check in December? Compare and contrast the constructive receipt doctrine and the claim of right doctrine in your response.
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