unrealized receivables or fees
Defined in 1 place of the United States Code.
For purposes of paragraph (3)(C), the term “unrealized receivables or fees” means, to the extent not previously includible in income under the method of accounting used by the corporation, any rights (contractual or otherwise) to payment for—
(A) goods delivered, or to be delivered, to the extent the proceeds therefrom would be treated as amounts received from the sale or exchange of property other than a capital asset, or
(B) services rendered or to be rendered.
Source
- 1994–present26 U.S.C. § 341Internal Revenue Code · Repealed. Pub. L. 10827, title III, 302(e)(4)(A), May 28, 2003, 117 Stat. 763] · in this section