Thank you for using justanswer. Yes, there is such a thing, and its called "Constructive Receipt " of income.For federal income tax purposes, the doctrine of constructive receipt is used to determine when a cash-basis taxpayer has received gross income. A taxpayer is subject to tax in the current year if he or she has unfettered control in determining when items of income will or should be paid. Unlike actual receipt, constructive receipt does not require physical possession of the item of income in question.
Tax Courts have long upheld that taxpayers who choose not to take possession, such as a taxpayer who makes a decision to be unavailable to take delivery of a check, will not satisfy the substantial limitations requirement and they will be deemed to have had constructive receipt at the time of attempted delivery.
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