ILLMAS Posted March 3, 2010 Report Share Posted March 3, 2010 My associates client was supposed to pay out dividends to the onwers at the end of 2009, yesterday he found out that the checks were written but never cashed. They did however pay the withholdings, now there is not enough money for them to cash the checks. Right it looks like the owners recieved close to 500K, paid 15% of tax, but never got the difference. How can the 1099-DIV correct to zero and have the IRS return the federal withholdings? The dividends will now be paid at the end of this year. Thanks MAS Quote Link to comment Share on other sites More sharing options...
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