Greece Runs Out of Other People's Money

[Toddsterpatriot]

Sure it is.

No it isn't. It's not a business expense.

Because the payment is being made to an escrow account.

Show me where the IRS says a dividend payment placed in an escrow account is deductible.

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Again. How many dividend checks have you received were written from the general account of the company you had stock? None? Ever wonder why?

The two main reasons for electing S corporation status are:

1. Avoid double taxation on distributions.
2. Allow corporate losses to flow through to its owners.

S Corporation Stock and Debt Basis

Double taxation? What are they talking about?

 

[Toddsterpatriot]

Wow. Just Wow. I can't believe they let flaming loons play with computers. Really.

Bush, Cheney, and/or Gramm traveled to Europe recently?

Interpol, the international police organization, does not list any outstanding arrest warrants for Bush or Cheney in their searchable database. Meanwhile, experts in international law said they were not aware of pending warrants, particularly from the most obvious entity that might issue one -- the International Criminal Court in the Hague.

Are George W. Bush Dick Cheney unable to visit Europe due to threat of arrest PolitiFact

LOL!

 

[sealybobo]

Wow. Just Wow. I can't believe they let flaming loons play with computers. Really.

Bush, Cheney, and/or Gramm traveled to Europe recently?

why would they be arrested and charged with war crimes?

 

[sealybobo]

Yanno, I finally understand that your 1% Screen Name refers to your IQ which clearly is 1% of the American average IQ. There is no workaround for escaping the tax on dividends paid by American corps. None. If a corp wants to pay dividends it must first pay taxes on those profits whether it pays you directly or ships the after tax profits off to an intermediary. Period. That you think a check drawn on a bank is proof that corp taxes were not paid you are truly a 1/2%er and I'm being generous. Frankly, trusts don't pay dividends but rather distributions and they do so after paying taxes on gains. Your continued exhibition of ignorance in America's tax system reveals the lack of veracity in pretty much everything you post.

If the company didn't pay the dividend holder directly, where is the proof that the company paid a dividend?

My Daddy told me never to argue with a raging idiot because they drag you down their wabbit hole and batter you with their experience. You clearly can't admit you don't have a fucking clue but that's OK ... it's embarrassingly obvious.

which is why your father never argued with you

 

[OnePercenter]

Sure it is.

No it isn't. It's not a business expense.

Because the payment is being made to an escrow account.

Show me where the IRS says a dividend payment placed in an escrow account is deductible.

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Again. How many dividend checks have you received were written from the general account of the company you had stock? None? Ever wonder why?

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Do you really believe that would make the dividends deductible? Seriously?

Yes. I'm just telling you the reality, if you care not to believe it thats up to you. Just my attempt to deliver you from ignorance.
[emoji33]

Sent from my SM-T217S using Tapatalk

 

[Toddsterpatriot]

Sure it is.

No it isn't. It's not a business expense.

Because the payment is being made to an escrow account.

Show me where the IRS says a dividend payment placed in an escrow account is deductible.

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Again. How many dividend checks have you received were written from the general account of the company you had stock? None? Ever wonder why?

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Do you really believe that would make the dividends deductible? Seriously?

Yes. I'm just telling you the reality, if you care not to believe it thats up to you. Just my attempt to deliver you from ignorance.
[emoji33]

Sent from my SM-T217S using Tapatalk

Yes. I'm just telling you the reality,

You're funny.

if you care not to believe it thats up to you.

I don't believe your lies.

Just my attempt to deliver you from ignorance.

Why don't you attempt to provide proof?
Based on your history of errors, your ridiculous claims are less than credible.

 

[OnePercenter]

Wow. Just Wow. I can't believe they let flaming loons play with computers. Really.

Bush, Cheney, and/or Gramm traveled to Europe recently?

why would they be arrested and charged with war crimes?

With as much economic hardship all three have caused, if I were them I'd be concerned with being killed.

Sent from my SM-T217S using Tapatalk

 

[SAYIT]

Meanwhile, back in Greece ... the Syriza (Loony Left) led gov't has unilaterally broken off negotiations over a new bailout deal blaming the EU for the talk's failure while insisting the EU must both forgive existing Greek debt and give Greece more money right now. Really.
Oh ... and Eurozone finance ministers have rejected a Greek request to extend a bailout programme beyond June 30th.
Crunch time.

 

[Toddsterpatriot]

Sure it is.

No it isn't. It's not a business expense.

Because the payment is being made to an escrow account.

Show me where the IRS says a dividend payment placed in an escrow account is deductible.

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Again. How many dividend checks have you received were written from the general account of the company you had stock? None? Ever wonder why?

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Do you really believe that would make the dividends deductible? Seriously?

Yes. I'm just telling you the reality, if you care not to believe it thats up to you. Just my attempt to deliver you from ignorance.
[emoji33]

Sent from my SM-T217S using Tapatalk

Dividends Are Not Deductible Interest Payments Are

Now, how does double taxation work? Well, in a sole-proprietorship, because the money is considered yours from the get go, you only have to pay tax on it once – on the personal level. Unfortunately for most people, this personal tax also includes self-employment tax, which can be astronomical. But corporations first pay corporate taxes on the company profit then, when that profit is distributed to the shareholders in the form of Dividends, the shareholders are then also taxed. In other words, the corporation is paying corporate taxes on the profits at the corporate level, then the shareholders are paying personal taxes on those same profits at the individual level. So, unless you plan on keeping the profits in the company, they will be taxed twice as they flow through to the shareholders.

Avoiding Double Taxation

Salaries paid by closely held corporations are scrutinized. Payments made to an employee who is also the owner of the corporation are subject to very close scrutiny by the IRS. For C corporations, this scrutiny is triggered in part because salaries paid to owner/employees is deducted before the corporate income tax is imposed. Any after-tax corporate profits are distributed as dividends to the shareholders and taxed at their individual income tax rates. The difference between the corporate income tax rates and the individual income tax rates sometimes tempts business owners to inflate their salaries to get a larger deduction against the corporate income tax.

Undertanding the Tax Consequences of Compensation BizFilings Toolkit

Why do companies issue preferred stock?
Given the lower cost of tax-deductible conventional debt (preferred stock dividends aren't deductible), one has to ask why companies issue preferred stock, especially when traditional preferred shares are rated two notches below the issuer's rating on unsecured debt.

Why you should avoid preferred stocks - CBS News

Most countries have tax systems that favor debt financing over equity financing. The cost of equity (dividends, etc.) is not tax deductible, while interest is deductible. But why? More specifically, why not eliminate the deductibility of interest, and at the same time lower business tax rates enough so that the change is revenue neutral?

Why are interest expenses tax deductible Scott Sumner EconLog Library of Economics and Liberty

Business Tax Treatment

The company paying the dividends doesn't get an income tax deduction, because dividends aren't a business expense. If the dividends were deductible, the company would never have to pay corporate income tax, because it could just pass through all the earnings. On the other hand, businesses do get a deduction for the interest paid on loans, because that is a legitimate business expense.

How Do Dividends Interest Differ People - Opposing Views

It’s a perfect tax arbitrage. Let’s say Apple borrows money at an interest cost of 3% a year (which is more than it would likely pay), and uses it to buy back stock at the current price of about $410 a share. Each share that Apple buys back will reduce its annual dividend obligation by $12.20 a share, at the company’s current dividend rate. The interest on the borrowed money would be $12.30 a share — about the same as the dividend. But interest is tax deductible, and dividends aren’t.

Apple proves that a lower corporate tax rate won t matter - Fortune

 

[OnePercenter]

Sure it is.

No it isn't. It's not a business expense.

Because the payment is being made to an escrow account.

Show me where the IRS says a dividend payment placed in an escrow account is deductible.

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Again. How many dividend checks have you received were written from the general account of the company you had stock? None? Ever wonder why?

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Do you really believe that would make the dividends deductible? Seriously?

Yes. I'm just telling you the reality, if you care not to believe it thats up to you. Just my attempt to deliver you from ignorance.
[emoji33]

Sent from my SM-T217S using Tapatalk

Dividends Are Not Deductible Interest Payments Are

Now, how does double taxation work? Well, in a sole-proprietorship, because the money is considered yours from the get go, you only have to pay tax on it once – on the personal level. Unfortunately for most people, this personal tax also includes self-employment tax, which can be astronomical. But corporations first pay corporate taxes on the company profit then, when that profit is distributed to the shareholders in the form of Dividends, the shareholders are then also taxed. In other words, the corporation is paying corporate taxes on the profits at the corporate level, then the shareholders are paying personal taxes on those same profits at the individual level. So, unless you plan on keeping the profits in the company, they will be taxed twice as they flow through to the shareholders.

Avoiding Double Taxation

Salaries paid by closely held corporations are scrutinized. Payments made to an employee who is also the owner of the corporation are subject to very close scrutiny by the IRS. For C corporations, this scrutiny is triggered in part because salaries paid to owner/employees is deducted before the corporate income tax is imposed. Any after-tax corporate profits are distributed as dividends to the shareholders and taxed at their individual income tax rates. The difference between the corporate income tax rates and the individual income tax rates sometimes tempts business owners to inflate their salaries to get a larger deduction against the corporate income tax.

Undertanding the Tax Consequences of Compensation BizFilings Toolkit

Why do companies issue preferred stock?
Given the lower cost of tax-deductible conventional debt (preferred stock dividends aren't deductible), one has to ask why companies issue preferred stock, especially when traditional preferred shares are rated two notches below the issuer's rating on unsecured debt.

Why you should avoid preferred stocks - CBS News

Most countries have tax systems that favor debt financing over equity financing. The cost of equity (dividends, etc.) is not tax deductible, while interest is deductible. But why? More specifically, why not eliminate the deductibility of interest, and at the same time lower business tax rates enough so that the change is revenue neutral?

Why are interest expenses tax deductible Scott Sumner EconLog Library of Economics and Liberty

Business Tax Treatment

The company paying the dividends doesn't get an income tax deduction, because dividends aren't a business expense. If the dividends were deductible, the company would never have to pay corporate income tax, because it could just pass through all the earnings. On the other hand, businesses do get a deduction for the interest paid on loans, because that is a legitimate business expense.

How Do Dividends Interest Differ People - Opposing Views

It’s a perfect tax arbitrage. Let’s say Apple borrows money at an interest cost of 3% a year (which is more than it would likely pay), and uses it to buy back stock at the current price of about $410 a share. Each share that Apple buys back will reduce its annual dividend obligation by $12.20 a share, at the company’s current dividend rate. The interest on the borrowed money would be $12.30 a share — about the same as the dividend. But interest is tax deductible, and dividends aren’t.

Apple proves that a lower corporate tax rate won t matter - Fortune

If you receive the dividend check from the company that you have stock on a general account of that company, that company can not deduct. If you receive a check from a third party, all bets are off. Welcome to reality, and one of the biggest tax loopholes out there.



Sent from my SM-T217S using Tapatalk

 

[The Rabbi]

The Greeks were never paid the reparations they were due from Germany to pay for the damage the Germans did during the occupation nor did the Germans pay back the forced loans. The Germans took the Greek treasury and called it a loan. It was never paid back because the U.S. and Britain decided that Germany had to pay reparations to them first.

"The very basics of this are that Germany exacted a forced loan from the Bank of Greece during the occupation, and that forced loan was not paid back, and there was probably no intention to. What we had here was an attempt to disguise, to camouflage, so to speak, occupation costs as a forced loan - and this loan had several bad aspects. It fueled hyperinflation in Greece, which was already on the way due to the Italian occupation, and most importantly, it drained Greece of vital resources. It led to a catastrophic decline in economic activity

"You will be surprised to hear that nothing happened, and the reason is the following: After the Allied invasion and the collapse of the Nazi regime, the first thing the occupation authorities did was to block all kinds of claims by and against the German government, under the legal fiction that that the German government and the German state didn't exist anymore."

Germany s Unpaid Debt to Greece Economist Albrecht Ritschl on WWII Reparations That Never Were

Bullshit. Those claims were adjudicated in the early 1960s.
It is no wonder you are consistently wrong and misguided. You are a jew-hater, after all.

 

[The Rabbi]

Those assholes deserve every bit of it. They elected the left wingers because they promised they could keep all their free shit and the Germans would pay for it. Fuck them. They created that hellhole and now they get to live in it. Greece has always been the model for Western culture. Now they can be the model for what not to do.

Greece vested before the problem. The $600 Trillion dollar derivatives world economic crash was American Republican caused. Why do you think Bush, Cheney, and Gramm can't travel to Europe.

Think about it. If voted for Bush, should you make that known and travel to Europe?

You again prove you use words without knowing what they mean.
Greece's problem has zero to do with derivatives and everything to do with their socialist shitty economy.

 

[The Rabbi]

Sure it is.

No it isn't. It's not a business expense.

Because the payment is being made to an escrow account.

Show me where the IRS says a dividend payment placed in an escrow account is deductible.

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Again. How many dividend checks have you received were written from the general account of the company you had stock? None? Ever wonder why?

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Do you really believe that would make the dividends deductible? Seriously?

Yes. I'm just telling you the reality, if you care not to believe it thats up to you. Just my attempt to deliver you from ignorance.
[emoji33]

Sent from my SM-T217S using Tapatalk

Dividends Are Not Deductible Interest Payments Are

Now, how does double taxation work? Well, in a sole-proprietorship, because the money is considered yours from the get go, you only have to pay tax on it once – on the personal level. Unfortunately for most people, this personal tax also includes self-employment tax, which can be astronomical. But corporations first pay corporate taxes on the company profit then, when that profit is distributed to the shareholders in the form of Dividends, the shareholders are then also taxed. In other words, the corporation is paying corporate taxes on the profits at the corporate level, then the shareholders are paying personal taxes on those same profits at the individual level. So, unless you plan on keeping the profits in the company, they will be taxed twice as they flow through to the shareholders.

Avoiding Double Taxation

Salaries paid by closely held corporations are scrutinized. Payments made to an employee who is also the owner of the corporation are subject to very close scrutiny by the IRS. For C corporations, this scrutiny is triggered in part because salaries paid to owner/employees is deducted before the corporate income tax is imposed. Any after-tax corporate profits are distributed as dividends to the shareholders and taxed at their individual income tax rates. The difference between the corporate income tax rates and the individual income tax rates sometimes tempts business owners to inflate their salaries to get a larger deduction against the corporate income tax.

Undertanding the Tax Consequences of Compensation BizFilings Toolkit

Why do companies issue preferred stock?
Given the lower cost of tax-deductible conventional debt (preferred stock dividends aren't deductible), one has to ask why companies issue preferred stock, especially when traditional preferred shares are rated two notches below the issuer's rating on unsecured debt.

Why you should avoid preferred stocks - CBS News

Most countries have tax systems that favor debt financing over equity financing. The cost of equity (dividends, etc.) is not tax deductible, while interest is deductible. But why? More specifically, why not eliminate the deductibility of interest, and at the same time lower business tax rates enough so that the change is revenue neutral?

Why are interest expenses tax deductible Scott Sumner EconLog Library of Economics and Liberty

Business Tax Treatment

The company paying the dividends doesn't get an income tax deduction, because dividends aren't a business expense. If the dividends were deductible, the company would never have to pay corporate income tax, because it could just pass through all the earnings. On the other hand, businesses do get a deduction for the interest paid on loans, because that is a legitimate business expense.

How Do Dividends Interest Differ People - Opposing Views

It’s a perfect tax arbitrage. Let’s say Apple borrows money at an interest cost of 3% a year (which is more than it would likely pay), and uses it to buy back stock at the current price of about $410 a share. Each share that Apple buys back will reduce its annual dividend obligation by $12.20 a share, at the company’s current dividend rate. The interest on the borrowed money would be $12.30 a share — about the same as the dividend. But interest is tax deductible, and dividends aren’t.

Apple proves that a lower corporate tax rate won t matter - Fortune

If you receive the dividend check from the company that you have stock on a general account of that company, that company can not deduct. If you receive a check from a third party, all bets are off. Welcome to reality, and one of the biggest tax loopholes out there.



Sent from my SM-T217S using Tapatalk

You again prove you do not know whatyou are talking about.

 

[Toddsterpatriot]

Sure it is.

No it isn't. It's not a business expense.

Because the payment is being made to an escrow account.

Show me where the IRS says a dividend payment placed in an escrow account is deductible.

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Again. How many dividend checks have you received were written from the general account of the company you had stock? None? Ever wonder why?

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Do you really believe that would make the dividends deductible? Seriously?

Yes. I'm just telling you the reality, if you care not to believe it thats up to you. Just my attempt to deliver you from ignorance.
[emoji33]

Sent from my SM-T217S using Tapatalk

Dividends Are Not Deductible Interest Payments Are

Now, how does double taxation work? Well, in a sole-proprietorship, because the money is considered yours from the get go, you only have to pay tax on it once – on the personal level. Unfortunately for most people, this personal tax also includes self-employment tax, which can be astronomical. But corporations first pay corporate taxes on the company profit then, when that profit is distributed to the shareholders in the form of Dividends, the shareholders are then also taxed. In other words, the corporation is paying corporate taxes on the profits at the corporate level, then the shareholders are paying personal taxes on those same profits at the individual level. So, unless you plan on keeping the profits in the company, they will be taxed twice as they flow through to the shareholders.

Avoiding Double Taxation

Salaries paid by closely held corporations are scrutinized. Payments made to an employee who is also the owner of the corporation are subject to very close scrutiny by the IRS. For C corporations, this scrutiny is triggered in part because salaries paid to owner/employees is deducted before the corporate income tax is imposed. Any after-tax corporate profits are distributed as dividends to the shareholders and taxed at their individual income tax rates. The difference between the corporate income tax rates and the individual income tax rates sometimes tempts business owners to inflate their salaries to get a larger deduction against the corporate income tax.

Undertanding the Tax Consequences of Compensation BizFilings Toolkit

Why do companies issue preferred stock?
Given the lower cost of tax-deductible conventional debt (preferred stock dividends aren't deductible), one has to ask why companies issue preferred stock, especially when traditional preferred shares are rated two notches below the issuer's rating on unsecured debt.

Why you should avoid preferred stocks - CBS News

Most countries have tax systems that favor debt financing over equity financing. The cost of equity (dividends, etc.) is not tax deductible, while interest is deductible. But why? More specifically, why not eliminate the deductibility of interest, and at the same time lower business tax rates enough so that the change is revenue neutral?

Why are interest expenses tax deductible Scott Sumner EconLog Library of Economics and Liberty

Business Tax Treatment

The company paying the dividends doesn't get an income tax deduction, because dividends aren't a business expense. If the dividends were deductible, the company would never have to pay corporate income tax, because it could just pass through all the earnings. On the other hand, businesses do get a deduction for the interest paid on loans, because that is a legitimate business expense.

How Do Dividends Interest Differ People - Opposing Views

It’s a perfect tax arbitrage. Let’s say Apple borrows money at an interest cost of 3% a year (which is more than it would likely pay), and uses it to buy back stock at the current price of about $410 a share. Each share that Apple buys back will reduce its annual dividend obligation by $12.20 a share, at the company’s current dividend rate. The interest on the borrowed money would be $12.30 a share — about the same as the dividend. But interest is tax deductible, and dividends aren’t.

Apple proves that a lower corporate tax rate won t matter - Fortune

If you receive the dividend check from the company that you have stock on a general account of that company, that company can not deduct. If you receive a check from a third party, all bets are off. Welcome to reality, and one of the biggest tax loopholes out there.



Sent from my SM-T217S using Tapatalk

If you receive a check from a third party, all bets are off. Welcome to reality, and one of the biggest tax loopholes out there.

It's amazing, none of my sources figured that out, only you.
If only you had proof.

 

[The Rabbi]

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Again. How many dividend checks have you received were written from the general account of the company you had stock? None? Ever wonder why?

The company doesn't place the funds into an escrow account, BofA (as an example) does.

Do you really believe that would make the dividends deductible? Seriously?

Yes. I'm just telling you the reality, if you care not to believe it thats up to you. Just my attempt to deliver you from ignorance.
[emoji33]

Sent from my SM-T217S using Tapatalk

Dividends Are Not Deductible Interest Payments Are

Now, how does double taxation work? Well, in a sole-proprietorship, because the money is considered yours from the get go, you only have to pay tax on it once – on the personal level. Unfortunately for most people, this personal tax also includes self-employment tax, which can be astronomical. But corporations first pay corporate taxes on the company profit then, when that profit is distributed to the shareholders in the form of Dividends, the shareholders are then also taxed. In other words, the corporation is paying corporate taxes on the profits at the corporate level, then the shareholders are paying personal taxes on those same profits at the individual level. So, unless you plan on keeping the profits in the company, they will be taxed twice as they flow through to the shareholders.

Avoiding Double Taxation

Salaries paid by closely held corporations are scrutinized. Payments made to an employee who is also the owner of the corporation are subject to very close scrutiny by the IRS. For C corporations, this scrutiny is triggered in part because salaries paid to owner/employees is deducted before the corporate income tax is imposed. Any after-tax corporate profits are distributed as dividends to the shareholders and taxed at their individual income tax rates. The difference between the corporate income tax rates and the individual income tax rates sometimes tempts business owners to inflate their salaries to get a larger deduction against the corporate income tax.

Undertanding the Tax Consequences of Compensation BizFilings Toolkit

Why do companies issue preferred stock?
Given the lower cost of tax-deductible conventional debt (preferred stock dividends aren't deductible), one has to ask why companies issue preferred stock, especially when traditional preferred shares are rated two notches below the issuer's rating on unsecured debt.

Why you should avoid preferred stocks - CBS News

Most countries have tax systems that favor debt financing over equity financing. The cost of equity (dividends, etc.) is not tax deductible, while interest is deductible. But why? More specifically, why not eliminate the deductibility of interest, and at the same time lower business tax rates enough so that the change is revenue neutral?

Why are interest expenses tax deductible Scott Sumner EconLog Library of Economics and Liberty

Business Tax Treatment

The company paying the dividends doesn't get an income tax deduction, because dividends aren't a business expense. If the dividends were deductible, the company would never have to pay corporate income tax, because it could just pass through all the earnings. On the other hand, businesses do get a deduction for the interest paid on loans, because that is a legitimate business expense.

How Do Dividends Interest Differ People - Opposing Views

It’s a perfect tax arbitrage. Let’s say Apple borrows money at an interest cost of 3% a year (which is more than it would likely pay), and uses it to buy back stock at the current price of about $410 a share. Each share that Apple buys back will reduce its annual dividend obligation by $12.20 a share, at the company’s current dividend rate. The interest on the borrowed money would be $12.30 a share — about the same as the dividend. But interest is tax deductible, and dividends aren’t.

Apple proves that a lower corporate tax rate won t matter - Fortune

If you receive the dividend check from the company that you have stock on a general account of that company, that company can not deduct. If you receive a check from a third party, all bets are off. Welcome to reality, and one of the biggest tax loopholes out there.



Sent from my SM-T217S using Tapatalk

If you receive a check from a third party, all bets are off. Welcome to reality, and one of the biggest tax loopholes out there.

It's amazing, none of my sources figured that out, only you.
If only you had proof.

He's worthless. He's the biggest poseur on this site. Everything he claims is bullshit. A total waste of time and effort.

 

[Toddsterpatriot]

The company pays the securities company, deducts the cost as a legal deduction

Payments to a "securities company" aren't deductible. Idiot.

For providing a service? Really? Prove it.

Expenses of issuing a stock dividend.
You cannot deduct the expenses of issuing a stock dividend. These expenses include printing, postage, cost of advice sheets, fees paid to transfer agents, and fees for listing on stock exchanges. The corporation must capitalize these costs.

http://www.irs.gov/pub/irs-pdf/p542.pdf

Look, you can't even deduct the cost of the service the transfer agent provides. LOL!
Still waiting for you to post the proof of your claims.

 

[SAYIT]

The company pays the securities company, deducts the cost as a legal deduction

Payments to a "securities company" aren't deductible. Idiot.

For providing a service? Really? Prove it.

Expenses of issuing a stock dividend.
You cannot deduct the expenses of issuing a stock dividend. These expenses include printing, postage, cost of advice sheets, fees paid to transfer agents, and fees for listing on stock exchanges. The corporation must capitalize these costs.

http://www.irs.gov/pub/irs-pdf/p542.pdf

Look, you can't even deduct the cost of the service the transfer agent provides. LOL!
Still waiting for you to post the proof of your claims.

Please don't hold your breath.

 

[OnePercenter]

The company pays the securities company, deducts the cost as a legal deduction

Payments to a "securities company" aren't deductible. Idiot.

For providing a service? Really? Prove it.

Expenses of issuing a stock dividend.
You cannot deduct the expenses of issuing a stock dividend. These expenses include printing, postage, cost of advice sheets, fees paid to transfer agents, and fees for listing on stock exchanges. The corporation must capitalize these costs.

http://www.irs.gov/pub/irs-pdf/p542.pdf

Look, you can't even deduct the cost of the service the transfer agent provides. LOL!
Still waiting for you to post the proof of your claims.

Bank of America isn't a transfer agent.


Sent from my SM-T217S using Tapatalk

 

[Toddsterpatriot]

The company pays the securities company, deducts the cost as a legal deduction

Payments to a "securities company" aren't deductible. Idiot.

For providing a service? Really? Prove it.

Expenses of issuing a stock dividend.
You cannot deduct the expenses of issuing a stock dividend. These expenses include printing, postage, cost of advice sheets, fees paid to transfer agents, and fees for listing on stock exchanges. The corporation must capitalize these costs.

http://www.irs.gov/pub/irs-pdf/p542.pdf

Look, you can't even deduct the cost of the service the transfer agent provides. LOL!
Still waiting for you to post the proof of your claims.

Bank of America isn't a transfer agent.


Sent from my SM-T217S using Tapatalk

You cannot deduct the expenses of issuing a stock dividend.

 

[SAYIT]

... But interest is tax deductible, and dividends aren’t.
Apple proves that a lower corporate tax rate won t matter - Fortune

If you receive the dividend check from the company that you have stock on a general account of that company, that company can not deduct. If you receive a check from a third party, all bets are off. Welcome to reality, and one of the biggest tax loopholes out there.

And one you just made up (not that others haven't tried it) in another lame attempt to wiggle out of the idiot hole you have so carefully dug for yourself. Not that a loony lefty would know (or admit) this but dividends are not only taxed (as profits) before they are distributed and are taxed again as the recipient must pay income tax on them ... thus the well established double tax hit on corp profits.

DEFINITION of 'Double Taxation'
A taxation principle referring to income taxes that are paid twice on the same source of earned income.
Double taxation occurs because corporations are considered separate legal entities from their shareholders. As such, corporations pay taxes on their annual earnings, just as individuals do. When corporations pay out dividends to shareholders, those dividend payments incur income-tax liabilities for the shareholders who receive them, even though the earnings that provided the cash to pay the dividends were already taxed at the corporate level.

http://www.investopedia.com/terms/d/double_taxation.asp#ixzz3eOSa40df