I really don't care if the problem "is not" the IRS, I really don't see why the public is getting screwed. It's not like the damn tax system is easy to figure out in the first friggin' place. I don't see why it is not manditory that politicians do not have term limits. The longer they stay in, the more stupid and corrupt they become. It is not their fault. the 800 pound gorilla is to blame for this one. Just read the next two paragraphs and be amazed that your getting the B.O.H.I.C.A. treatment again from your elected officials.
A new tax cut is causing tax problems for many people. Last May, Washington cut the top tax rate on dividends from about 39% to 15%. Not all dividends qualify for the lower rate, though. Even professionals at brokerage firms are having a hard time figuring out which dividends get the tax break and which don’t. And that means the 1099 forms sent to investors are more likely to be wrong. The companies will send you a revised 1099 form if they find they’ve made a mistake. If you’ve already filed, you’ll have to send an amended return.
The IRS has given companies an extra month until February 28 to send you their 1099 forms. Some tax professionals are suggesting that you wait as long as you can before filing your return in the hopes that any corrections will arrive before then.
Want to read the article "Confusing Tax Cut Causing Problems."? Find it here
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