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Dividends Eligible for Reduced 2009 Rates
In Box 1b of Form 1099-DIV for 2009, payers of dividends will report the amount eligible for the zero rate (if the 10% or 15% bracket would otherwise apply) or 15% rate (if the rate would otherwise be 25% or higher). You must enter the qualified dividends on the qualified Dividends and Capital Gain Tax Worksheet in the IRS instructions for Form 1040 or Form 1040A to obtain the benefit of the preferential rate, unless you need the schedule D Tax Worksheet to report other transactions+D76.
Previous Daily Tax Tips:
• 9/2/2010 - Incidental Expenses
• 9/1/2010 - Appraisals for Disaster Relief
• 8/31/2010 - Reporting on Form 4684
• 8/30/2010 - $500 Floor for Married Couples
• 8/29/2010 - Stock Devaluation Due to Corporate Misconduct
• 8/28/2010 - If Stolen Property Is Recovered
• 8/27/2010 - Failure To Winterize Car
• 8/26/2010 - Auto Damage
• 8/25/2010 - Lost Bank Deposit
• 8/24/2010 - Damage to Nearby Property
• 8/23/2010 - Nontaxable Disaster Mitigation Payments
• 8/22/2010 - IRS Interest Abatement
• 8/21/2010 - Accelerating a Tax Refund With Disaster Loss
• 8/20/2010 - Deducting Loss in Proper Year
• 8/19/2010 - Loss From Termites
• 8/18/2010 - Loss Prevention Measures
• 8/17/2010 - Form 8853
• 8/16/2010 - Long-Term Care Insurance
• 8/15/2010 - Disability-Related Job Costs
• 8/14/2010 - Does Equipment Increase Value of Home?
• 8/13/2010 - Nurse Services
• 8/12/2010 - Meal Costs at a Nursing Home
• 8/11/2010 - Counseling at a Private School
• 8/10/2010 - Meal Costs of Medical Trip
• 8/9/2010 - Deductible Travel Costs
• 8/8/2010 - Multiple Support Agreement
• 8/7/2010 - Should Spouses File Separately?
• 8/6/2010 - Long-Term Care Premiums
• 8/5/2010 - Reimbursements Exceeding Expenses
• 8/4/2010 - Sex Change Operation Not Deductible
• 8/3/2010 - Childbirth Classes
• 8/2/2010 - Deducting Costs of Health Improvement Programs
• 8/1/2010 - Weight-Loss Program for Obesity
• 7/31/2010 - Over-the-Counter Drugs
• 7/30/2010 - Only Unreimbursed Expenses Are Deductible
• 7/29/2010 - Value Portion of Auto License Fee
• 7/28/2010 - Buyer Share of Real Estate Tax
• 7/27/2010 - Form 1099-S for Sale of Principal Residence
• 7/26/2010 - Cooperative Apartments
• 7/25/2010 - Refund Credited to State Estimated Tax
• 7/24/2010 - Deduction for Sales/Excise Taxes on New Motor Vehicle
• 7/23/2010 - State Income Tax Paid in 2009
• 7/22/2010 - Business or Investment Loans
• 7/21/2010 - Using Borrowed Funds To Pay Interest
• 7/20/2010 - Keep Loans Separate
• 7/19/2010 - Tax-Exempt Income From Mutual Fund
• 7/18/2010 - Electing To Treat Long-Term Gains or Dividends as Investment Income
• 7/17/2010 - Interest on Loans To Buy Market Discount Bonds and Treasury Bills
• 7/16/2010 - Points Reported to the IRS
• 7/15/2010 - Amortize Points Starting in Second Year
The Daily Tax Tip content is provided by America's all-time best selling tax guide, J.K. Lasser's™ Your Income Tax Guide by John Wiley & Sons, Inc. Tax advice provided by The Daily Tax Tip shall not be construed as a substitute for the advice obtained or given by a certified tax professional.
