Wintrop has $4,000 of state income taxes withheld from his salary during 2016.On his 2016 income tax return,Wintrop properly deducts the $4,000 as state taxes paid.Upon filing his 2016 state tax return on April 15,2017,he determines that his actual State income tax for 2016 is only $3,300.He receives a $700 refund on May 25,2017 from the amounts withheld by the state.What concept(s),construct(s),or doctrine(s)dictate that the $700 is included in Wintrop's 2017 income?
I.Claim of Right Doctrine.
II.Constructive Receipt Doctrine.

Question

Wintrop has $4,000 of state income taxes withheld from his salary during 2016.On his 2016 income tax return,Wintrop properly deducts the $4,000 as state taxes paid.Upon filing his 2016 state tax return on April 15,2017,he determines that his actual State income tax for 2016 is only $3,300.He receives a $700 refund on May 25,2017 from the amounts withheld by the state.What concept(s),construct(s),or doctrine(s)dictate that the $700 is included in Wintrop's 2017 income?
I.Claim of Right Doctrine.
II.Constructive Receipt Doctrine.
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Quizplus · Accepted Answer

The Answer of Wintrop has $4,000 of state income taxes withheld from his salary during 2016.On his 2016 income tax return,Wintrop properly deducts the $4,000 as state taxes paid.Upon filing his 2016 state tax return on April 15,2017,he determines that his actual State income tax for 2016 is only $3,300.He receives a $700 refund on May 25,2017 from the amounts withheld by the state.What concept(s),construct(s),or doctrine(s)dictate that the $700 is included in Wintrop's 2017 income?
I.Claim of Right Doctrine.
II.Constructive Receipt Doctrine.
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Wintrop Has $4,000 of State Income Taxes Withheld from His