News
What austerity looks like around the world
In the National Review, Veronique de Rugy argues that many European countries are relying too heavily on tax increases rather than spending cuts to rein in their deficits. (This mainly seems to describe Austria, Italy, Belgium, and the Netherlands.)

Ireland-bound Eaton is latest to end US corporate citizenship
The spinoff of Sara Lee Corp's international coffee and tea business into a Netherlands-incorporated company will likely help the company's rate too. Dutch companies pay a tax rate of 20 percent. Last year Sara Lee paid an effective tax rate of 31

Europe's Wrongheaded Austerity Policies
When taxes are raised even further, the economy begins to contract. A typical example can currently be seen in the Netherlands. The country's economy has not grown in the last three quarters. Pressured by the European Union, austerity policies were

Report amounts you receive from money market funds as dividend income.

Tax On Stock Dividends You may receive any of the following distributions during the year. Undistributed capital gains of mutual funds and REITs. Report amounts you receive from money market funds as dividend income. Attach Copy B of Form 2439 to your return, and keep Copy C for your records. You or any other shareholder has the choice to receive cash or other property instead of stock or stock rights.

This section discusses general rules for dividend income. These distributions are, at least in part, one form of a return of capital. You must include its fair market value in income on the date you receive it. So, let's discuss these issues in a bit more detail, starting with stock splits. Other distributions you may receive from a corporation or a mutual fund.

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