Today TaxMama® hears from Rogers in the TaxQuips Forum, with this question. “My 1099 DIV form shows that I received ,345.buy propecia online https://apwh.org/wp-content/languages/new/propecia.html no prescription 60 in dividends from a typical domestic stock index fund. But what is unclear is, should the dividend be taxed at capitals gains rates, if it’s a qualified dividend? Or […]
Tag Archives: Dividend Issuance
Today TaxMama hears from John in the TaxQuips Forum, who lays out his issue.buy zovirax online www.pharmalucence.com/wp-content/languages/new/generic/zovirax.html no prescription buy canada zithromax online http://healthinschools.org/wp-content/languages/new/canada/zithromax.html no prescription (shortened) “I’m amending my 2009 Form 1040 return and have a question about the result I am getting on the Qualified Dividends and Capital Gains Tax Worksheet. Despite having […]
[Reprint of an article from Dec. 2004] Numbers updated 11/24/2019 Finally, a tax advantaged health care program that cuts across all income levels and lifestyles – the new Health Savings Accounts (HSAs) – a real boon for people who pay for their insurance coverage. The HSAs slipped into December 8th The Medicare Prescription Drug Improvement […]
Today TaxMama hears from Susi in New Jersey, with a common problem. “I have joint brokerage accounts with different members of my family that I manage. The brokerages send the year-end 1099’s in the name of the ‘’primary’’ owner. How can I apportion the profit/loss to each member according to his/her fair share (contribution) in […]
Courtesy of IRS – FS-2008-20, April 2008 WASHINGTON—Internal Revenue Service research indicates that understated business income contributes significantly to the tax gap, with the majority understated by small businesses. To assist small business and self-employed taxpayers better understand their reporting obligations, this fact sheet addresses the issue of income and how to determine gross income. […]
Courtesy of the Internal Revenue Service TT-2008-38 Part or all of a child’s investment income may be taxed at the parent’s rate rather than the child’s rate. Because a parent’s taxable income is usually higher than a child’s income, the parent’s top tax rate will often be higher as well. This special method of figuring […]
Today TaxMama hears from Karen in California who tells us, “I am custodian of an UTMA account for my 4-year-old niece.https://www.epsa-online.org/wp-content/languages/new/aciphex.html I received a 1099 this year listing approximately $500 in capital gains and dividends. I’m not in contact with my niece’s parents, nor are they aware of this gift.buy clomid online cpff.ca/wp-content/languages/new/canadaa/clomid.html no prescription […]
FS-2007-26, November 2007 – Courtesy of the Internal Revenue Service While most people are aware they must include wages, salaries, interest, dividends, tips and commissions as income on their tax returns, many don’t realize that they must also report most other income, such as: cash earned from side jobs, barter exchanges of goods or services, […]
Today Michael from Tacoma, WA says, “I loaned money to a friend’s business. Can I deduct some of the loss of the business? I know if I received a profit from it I would have to claim and pay. If so do you know what tax form and/or line I enter it?”
Today TaxMama hears from Ken in the TaxParlor who says, “My wife is part of a Subchapter S corporation for a craft store. If the corporation does not declare a dividend can we still write off all of her business expenses on our tax return? How many years can we deduct expenses before the corporation […]
Today TaxMama hears from Gene from Goodyear, Arizona, who asks, “I’ve read it and read it and read it again but I still don’t get it! I know that stock dividends are now taxed at a lower rate if you meet the requirements. The rule states “the stock on which the dividend is paid must […]