Constructive receipt guides the timing of an executive's obligation to pay income taxes for funded nonqualified plans. (Funding Mechanisms and Tax Obligations)

Question

Quizplus · Accepted Answer

Constructive receipt means that funds have been made available to the executive, even if they have not actually received them yet. This guides when the obligation to pay income taxes arises for funded nonqualified plans.

Constructive Receipt Guides the Timing of an Executive's Obligation to Pay