Constantine received dividends on his stock from a major corporation. What must Constantine, as a shareholder, now do?

A) Pay taxes on the dividends received.
B) Send a statement to the corporation within 30 days of intent to appeal the dividend amount.
C) Declare the dividend to the state corporation commission as received.
D) Hold onto the dividend amount until the federal government reviews the dividend paid
E) do nothing, the dividend is a bonus to the shareholder that has no other liabilities attached.

Question

Zybrea Knight · Accepted Answer

Final Answer : A, Explanation :  Dividends received by shareholders from a corporation are considered taxable income by the IRS and must be reported on their tax returns. This means Constantine must pay taxes on the dividends he received.

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