Wintrop has $4,000 of state income taxes withheld from his salary during 2013. On his 2013 income tax return, Wintrop properly deducts the $4,000 as state taxes paid. Upon filing his 2013 state tax return on April 15, 2014, he determines that his actual State income tax for 2013 is only $3,300. He receives a $700 refund on May 25, 2014 from the amounts withheld by the state. What concepts), constructs), or doctrines) dictate that the $700 is included in Wintrop's 2014 income? I. Claim of Right Doctrine. II. Constructive Receipt Doctrine.

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The Answer of Wintrop has $4,000 of state income taxes withheld from his salary during 2013. On his 2013 income tax return, Wintrop properly deducts the $4,000 as state taxes paid. Upon filing his 2013 state tax return on April 15, 2014, he determines that his actual State income tax for 2013 is only $3,300. He receives a $700 refund on May 25, 2014 from the amounts withheld by the state. What concepts), constructs), or doctrines) dictate that the $700 is included in Wintrop's 2014 income? I. Claim of Right Doctrine. II. Constructive Receipt Doctrine.

Wintrop Has $4,000 of State Income Taxes Withheld from His