No 1099s for Tax-Free Dividends

2019 Shareholder Dividends were Tax Free

No 1099s for Tax-Free Dividends

WAINWRIGHT, AK – Early in 2019, Olgoonik’s shareholders voted in favor of establishing the Olgoonik Settlement Trust. One of the key benefits of the trust is tax-free shareholder dividends. Olgoonik was able to pay 2019 dividends through the Olgoonik Settlement Trust, so shareholders were able to take advantage of this benefit immediately and should not expect 1099s from the corporation.