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 Why financial year start from 1st april in india?
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 What's guaranteed besides death and taxes???
are there any other anomolies like this???...


 In the uk how much does it cost to go bank rupt when your on the dole?
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 How can I find out if my National Insurance Number is still valid?
Is there any web site where I can verify my nic card?...


 Would a National Sales Tax be better or more fair than Income Tax?
I think it would be more fair, and would be much harder for scofflaws to dodge. What do you think?
Additional Details
Hey, to then lady who left "Look it up" as a source - this ...


 If I sell my house without putting the proceeds into another house, how can I avoid taxes?
My employer will build a house and allow my family to live in it rent free. We will sell our house. We will make quite a bit when we sell our house. Since we won't be reinvesting in a house, I...


 If i owe back taxes and get married, will my new spouse be liable? and will it affect her refund?
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 In the uk, would you be fined if you scrapped your car when the mot and tax had ran out?
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 Can we claim the interest we pay on our mortgage on this years tax return?
I was told that we could claim the intrest we pay to our mortgage company & that we'd get most or maybe even all of it back on our 2007 return. My husband & I are young & just bought ...


 IRS Problems? Help.!!!!! Need Legal advice.?
I have a joint account with someone who owes money to IRS. Yesterday a large amount of money was withdrawn from our account. Can they withdraw money from a JOINT accout. Even though the other ...


 I worked at Bath &body works only 2 days in 2007.when im gonna get my w2? any ideas? it's january 29 2008 !!!!
i worked at Bath & body works during the holiday season of 2006,then i only worked 2 days in january 2007. i really need to know when i am gonna get my w2. it is already january 29 ,2008 .last ...


 Where is my Stimulus Rebate Check???
Ok...is anyone else in my situation?

My SS# last 2 digits fall between 00-21 and I was "suppose" to receive my rebate on May 2 by direct deposit according to my "...


 Is there a law stating we have to pay federal taxes?
I have been doing some research into the Federal Reserve Bank and how it states in our constitution that hiring a private bank to mint monies for the government is illegal. As a result of the F...


 Why do i pay fica taxes? what are fica taxes?
I know that I am paying twice as much for FICA as I am federal withholding. What's this all about?
Additional Details
But why is it so much? I'm paying DOUBLE what I am in ...


 Can the IRS take money from my tax return If my husband owes?
My husband owes money from a business he closed but has not been able to find a job to pay it off yet. So, Can the IRS take money from my return if I file him as depemdaent? he has not worked at all ...


 TAX THE FAT - are you with me?
I think the government should bring in a new tax for the obese. They should be charged by airlines as we are when our baggage allowance exceeds the limit. Also because they need bigger seats as R...


 Can you file tax for an unborn child in Oregon if it's closed to your due date?
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 Why did I get different amounts of tax taken from two seperate checks?
I recieved 2 checks this period, one was my regular salary paycheck, and another was a slightly higher bonus check.

On the paycheck the federal government took out 6%, and the state took ...


 Does a mortgage payment contrbute towards a tax deductible expense?
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 What can I exspect if I have not filed my taxes in four years.?
I would like to know what I need to do in order to get my taxes straightened out....



peekaboo
Do I have to pay income tax on the dividends from my stock that i have them automatically reinvest?
I have stock in NHP which pays dividends. I do not take them out but have them automatically purchase more stock with them. Do I have to pay income taxes on those?
                     
 




Judy1
Yes, you still pay income tax on the dividends, whether you take them out or reinvest them.

If you reinvest them, add the amounts to the basis of the stock when you sell it.


ninasgramma
Rating
Yes, dividends are taxable whether you take them in cash or reinvest them. However, they are taxed at a lower rate for domestic corporations and mutual funds.

The dividends reinvested add to the basis of your stock. You will not be taxed again on that money.


Anon e Mouse
Yes, follow the instructions on the 1099-DIV.


bostonianinmo
Yes, reinvested dividends are taxed as if you had received them in cash.


Martha Y
Rating
yes you do pay income tax on dividends


Jo Blo
Yes

go with the answer from the 10th most reputable CPA firm, thats good advice, and worth the price...


irongrama
Rating
Do they send you 1099DIV forms, if they do you have to pay tax. Generally they are taxable. The dividends that are paid and reinvested and taxed add to the basis you have in the stock. When the stock is sold, your basis is the amount you paid for the stock originally plus all dividends reinvested. You only pay tax then on the difference between the sales price and cost plus reinvested dividends.


mailjunkie123
Yes


rockEsquirrel
Yes, I agree with the Highly Respected CPA above.


kokopelli
Yes, you do, and on the capital gains as well.


Drew
Rating
Yes did they sned you a K-1 that show what you made? it is like a 1099 or w-2


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