Important Tax Information
January 27, 2023
2023 SAI Educational and Funeral Benefits and SAFE Distributions
Keep an eye out for important tax documents to prepare your 2022 federal income taxes.
New! Access your 1099 information sooner in the MySheeAtiká Shareholder Portal.
Shee Atiká Fund Endowment (SAFE) Distributions
All of the SAFE Distributions paid out in 2022 will be taxable. All shareholders will need to report this amount on their 2022 federal income tax return. Whether or not a shareholder will actually have to pay tax on this portion will depend on each individual’s circumstances. Shareholders will be receiving a Form 1099-DIV from Shee Atiká regarding the taxable portion of SAFE’s distributions. These tax forms will be mailed by January 31, 2023
Shee Atiká Incorporated (SAI) Scholarship and Funeral Benefits
All funeral benefits paid out in 2022 will be taxable. Those who applied for a funeral benefit on behalf of a shareholder will be receiving a Form 1099-MISC in the name of the deceased shareholder, which will need to be reported on the decedent’s final tax return. Some scholarships paid out in 2022 will be taxable. Shareholders who attended an accredited school or university will not receive a Form 1099-MISC and will not need to report the scholarship payments on their 2022 federal income tax return. Shareholders who did not attend an accredited school or university will receive a Form 1099-MISC and will need to report the scholarship payments on their 2022 federal income tax return. Please feel free to contact me with any questions (or have your tax preparer call).
Sincerely,
Ptarmica Garnick
Chief Financial Officer
Ptarmica Garnick
Chief Financial Officer