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 - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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