Assertion: close corporation's shareholder | /r/CapableOf | report dividend
Facets:
value: as personal income
type: OTHER
Source sentences:
text: Now when the corporation chooses to pass along any of its after-tax profits to shareholders in the form of dividends, the shareholders must report those dividends as income on their personal tax returns even though the corporation has already paid corporate taxes.
text: If the company declares a dividend, the shareholders must report the dividend as personal income and pay more taxes.