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Schedule B Interest and Ordinary Dividends
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Schedule B: Interest and Ordinary Dividends - Patrick Evans CPA, CGMA, takes you through itemized deductions in detail. • SHARE this video: • • Schedule B: Interest and Ordinary Div... • SUBSCRIBE to our YouTube channel for news and updates tips on US Tax: / @ustaxpractice • WEBSITE: • http://www.USTaxPractice.com • 0:40 What is the purpose of Schedule B? Schedule B reports the interest and dividend income you receive during the tax year. • 01:24 What is taxable interest income? This includes the interest you earn in a bank savings account or from corporate bonds you invest in. • 02:08: What are ordinary dividends? Ordinary dividends are distributions of property that a corporation pays to shareholders when it is profitable. • 02:46: What is a foreign account? If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account you must indicate that here and may be required to file a foreign bank account report. See my video on FBAR reporting to learn more. • 03:10: Let's review the form in detail, its super easy. • WATCH OUR FULL TAX FORMS VIDEO SERIES • • US Tax Forms For Expats • FOLLOW US: • Facebook / ustaxpractice • Twitter / us_tax_practice • Google+ https://plus.google.com/+USTaxPractice • LinkedIn / us-tax-practice • SUBSCRIBE to our YouTube channel for updates and tips on US tax news: • / @ustaxpractice • CALL US for a free consultation. • +41 (0) 52 533 45 81 • US Tax Practice Switzerland • Burghaldenstrasse 19, 5600 Lenzburg, Switzerland • http://www.USTaxPractice.com
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