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Tax Payment | The Good Tax Guide

The Good Tax Guide

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Is it necessary to pay tax on mutual fund dividends and capital gains?

All the dividends you receive from mutual funds should be reported on tax returns. In the case of a mutual fund the dividend will be paid in several ways. So the receiver must show the received dividend amount which is taxable in the tax returns. Failure in doing so will result in tax penalties for [...]

Do I have to pay tax on academic scholarships?

One can remove the academic scholarship from taxes if they meet some criteria. These criteria are put forward by the responsible tax authorities. Day by day the cost of living is going on increasing. As it increases the college costs also increases. So, more amount of money is required for this purpose. So if a [...]

Is Tax payment on accelerated death benefits and viatical settlements necessary?

Everyone knows that day by the cost of living as well as medical expenses are increasing. So, more money is required if a person gets admitted in the hospital. As the cost of medical care is very high, most of the insurance companies are having insurance policies with the accelerated death benefit feature. The cost [...]