According to the below article, Best Buy said the guy can keep them all at no extra charge. I am curious, will Best Buy send the guy anything like a 1099-misc for the value of 4 I-pads which could $2K?
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How? I don't believe they would have his SS #.You have the right to remain silent. Anything you say will be misquoted, then used against you. -
And as far as taxable income, irregardless of any 1099, the 4 are a gift.
Some years ago I ordered from Home Depot a wrought iron patio table, umbrella and four iron chairs. (2 boxes of 2 ). They misinterpreted and sent 4 boxes, thinking in terms I guess of the 4 chairs I had ordered. I tried to get them to take back the extra 4, but they were adamant. There was just no provision in their procedures for this. EVENTUALLY I found a home for the extra four chairs.ChEAr$,
Harlan Lunsford, EA n LAComment
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Company Policy
Two years ago I ordered a $69 calculator from Quill; they sent the wrong one, I called for return instructions, they said donate it to charity (too much expense returning, restocking, etc., I suppose), and sent me the right one. In the past they'd had me to send the stuff back -- I don't know if this new policy will become a permanent practice for most businesses, but it's kind of nice. I gave mine to a "pore-boy" client in need (guess he's as good a charity as anybody else).
P.S. There was no 1099 and I wouldn't expect one. If it's too much trouble to take the merchandise back, then without doubt it's going to be too much trouble to get his SSN and 1099 him.Last edited by Black Bart; 12-10-2012, 12:21 AM.Comment
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I agree with everyone that it's a gift. But if there were some provison for it being taxable income, I'd gladly pay the tax on 4 extra iPads if that's what it took to keep them."The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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