April 5th, 2004, 08:39 PM
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#1
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Banned
Join Date: Jan 2003
Location: Long lonesome highway east of Omaha
Posts: 7,178
A$FN: 115
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Dividend Tax Cut Causing Many Headaches
Bill Lazor thought he had a jump on the busy tax filing season when he prepared a tax return in January for a client who had received dividends on stock held in a brokerage account.
Lazor, an accountant at Kronick Kalada Berdy & Co. in Kingston, Pa., said the client's tax statement showed the dividends did not qualify for the new 15 percent tax rate enacted last year.
Then the client returned in February with a corrected tax statement that reclassified the dividends. They now qualified for the lower rate.
http://news.yahoo.com/news?tmpl=stor...ax_headaches_4
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