Hi,
I filed a final return for my S-Corp last years and was advised to keep my business account open for 6 months just in case something came up. There was about $95 in dividends paid in the money market. According to the Information Tax Reporting Statement the dividends were NOT reported to the IRS and "Our records indicate that you are an exempt recipient for 1099 reporting purposes. This statement is based on IRS information reporting requirements as of the preparation date and is
NOT furnished to the IRS. You may be subject to different income tax reporting requirements. Please contact your tax advisor if you have any questions." What should I do, if anything?
Thanks,
John
