2007-08-25 08:13:43 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
If you get a 1099-Div at year end then it's taxable income.
2007-08-25 09:26:21 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Dividends received from domestic stock ownership are going to be taxes at a reduced rate of 15% maximum. Dividends from a credit union are taxed as interest, at your ordinary income rate.
The fact that these payments are cash has no bearing on the income tax.
2007-08-25 16:31:22 · answer #2 · answered by ninasgramma 7 · 0⤊ 0⤋
Yes!! Depending on the type of dividend they may be treated differently but they are taxable.
2007-08-25 08:20:28 · answer #3 · answered by ? 6 · 0⤊ 0⤋
Absolutely! So are dividends that are automatically re-invested, by the way.
2007-08-25 08:21:55 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
yes they are only if you are receiving a large dividend. Like $1000
2007-08-25 09:54:27 · answer #5 · answered by Anonymous · 0⤊ 2⤋
world wide income is world wide income to US Citizens the corporation may be exempt from taxes since it is not a US entity but his income paid by the corp is definitely world wide income
2016-05-17 21:48:55 · answer #6 · answered by ? 3 · 0⤊ 0⤋
Of course. You don't think the IRS would let that one get away!!!
2007-08-25 08:37:14 · answer #7 · answered by Angie 6 · 0⤊ 0⤋