by Girish Anand | Mar 31, 2009 | Random Musings
Yesterday, we learned that the IRS can conceivably tax even those who returned their bonuses to AIG using the tax law principle of constructive receipt. Today, there comes to light an e-mail sent this past Friday to AIG employees from someone with the screenname of...
by Girish Anand | Mar 30, 2009 | IRS
A tax law doctrine known as “constructive receipt” could put those AIG employees who returned their bonuses in jeopardy of having to pay taxes on them anyway. Goes like this: Constructive receipt prevents people from gaming the system, say by performing...