What Non-Cash Income Do You Need To Report To The IRS?

Sometimes, there are ways that you have made “income” over the year that is not necessarily income you saw as the form of cash in your bank. But which of these situations require you to report that income to the IRS?

“A variety of events can give you taxable income even though you’ve seen no cash. For example, consider constructive receipt. This tax rule requires you to pay tax when you have a right to payment even though you do not actually receive it….” [ Read more here ]