1099: A statement sent to the IRS and taxpayers by the payers of dividends and interest and by issuers of taxable original issue discount securities.
Back-Up Withholding: Back-up withholding is triggered when a bank, brokerage firm, or other institution pays interest, dividends, or other income that must be reported on IRS Form 1099 to a payee who does not pr . . . View Full Definition
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Income Tax: Common stock with a high dividend yield and few profitable investment opportunities.