6) Advance Payment Considered a Constructively Received Resource Example

The customer entered a NF on April 15 th and applied for ALTCS on April 18 th . On April 29 th he paid the NF $5,000. On April 25 th the NF had billed the customer for 16 days in April totaling $2,990 and that payment was due no later than May 5 th .

For April, $2,990 is considered payment of a current bill, but the balance of the payment ($2,010) is an advance payment and is considered a constructively received resource.