Good client called me about Florida Inheritance taxes

 Client received an inheritance recently and wanted to know how much was taxable.  Short answer is you don’t have to pay inheritance taxes on an inheritance in Florida. An inheritance tax is a tax levied against the property someone receives as an inheritance. A very small number of states have inheritance taxes, and again, Florida is not one of them.

Yes, tax dividends are taxed!

 Great client asked me if stock received instead of cash as a dividend was taxable when stock dividend was received.

Yes Virginia (Santa reference), tax dividends are taxed when received.  The confusion was whether the stock would only be taxed when sold.  This is what happens when you buy stock, however, this stock dividend is a payment, just not in cash.  You should receive a 1099-Div from the company to who issued the stock dividend for your tax return, probably in January.