United Microelectronics Corp (ADR) (UMC) Description. An independent semiconductor foundries whose primary business is the manufacture, or 'fabrication', of semiconductors, sometimes called 'chips' or 'integrated circuits', for others. Website: http://www.umc.com/.
The 1099-DIV is the tax form that you receive from each company that sends you dividends (or with whom youâve started a DRIP plan) if it paid you $10 or more in dividends or withheld any taxes from your dividends (or if the company was liquidated and you received a liquidating distribution).
If you receive over $1,500 of taxable ordinary dividends, you must report these dividends on Form 1040A or 1040, Schedule B.pdf, Interest and Ordinary Dividends. If you receive dividends in significant amounts, you may have to pay estimated tax to avoid a penalty.