sethb[at]panix.com (Seth Breidbart) wrote:
- quote -

Thanks, Seth!

--
Best regards
Han
email address is invalid

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Han <nobody[at]nospam.not> wrote:

- quote -

If you paid Verizon more than $21 for the (bad) service they
provided, that should be considered a refund and is taxable
only to the extent the money you paid Verizon was deducted.
(If it was a personal expense, there was no deduction and
hence no tax on the refund. If it was a business expense
and deducted, the refund reduced the deduction hence is
taxable, and your accountant should know how to handle it.)

Seth

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

I received a check from the Settlement administrator for the
class action suit against Verizon for blocking
indiscrimately email from certain regions and/or domains (a
backfiring attempt at blocking spam). Is this $21 taxable
income for 2007? If so, where would I list this on a 1040?

Thanks in advance!

--
Best regards
Han
email address is invalid

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >