Qualified?
Debits & Credits, September 12, 2026. Laughs are nonrefundable.
Transcript. Panel 1, a client holds a novelty check lettered Tariff Dividend, $5,000, Not Tax Money: “They called it a dividend. Qualified rates?” Panel 2, Debit studies the check with a red pencil: “Did you hold the tariff for sixty-one days?” Panel 3, the client sits with arms crossed while Debit holds his “It depends.” mug. Client: “They said it isn’t even tax money.” Debit: “Then it isn’t a dividend. See you at estimated tax.”
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This alert is for general information only and is not tax, legal, investment, or accounting advice. Consult your own advisers before acting. Carlos A. Schmidt, MBT, MBA, CPA · Managing Member · carlos@lapresallc.com · (917) 558-6393.