realization of income
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 311 U.S. 112 - Helvering v. Horst · 1940Most cited · 2,598 citing opinions
Where the taxpayer does not receive payment of income in money or property realization may occur when the last step is taken by which he obtains the fruition of the economic gain which has already accrued to him.