Several years ago I got a dividend check from a Coop that I rarely did business. $13.67. I put the check on my desk and the wife filed it thinking it was a paid invoice. So I got a 1099 for that check. While getting my records ready to do my taxes I found the original check. My bank told me that it was no longer good because it was too old. I called the Coop and they could not replace it as they no longer where an Coop. They had sold out to another outfit. No problem for the amount it was. I go to get my taxes done. My tax guy had to file a form for the dividend because of the 1099. I pay a flat rate PLUS so much for each addendum to my tax preparer. That cost and the taxes on the $13.67 was more than the check was. Plus I did not get the check cashed. LOL So my dividend cost me money.
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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