Mail in rebates????
Jul 25th 2004, 8:27 pm
#1
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Mail in rebates????
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Last edited by Slushpuppy; Aug 1st 2004 at 1:49 am.
Jul 25th 2004, 8:31 pm
#2
UK & US Citizen
Joined: Jul 2003
Location: New Orleans
Posts: 1,276
Re: Mail in rebates????
Originally posted by Slushpuppy
Can anyone tell me if rebates given to you for purchasing certain items are classed as income, and are they taxable?
Can anyone tell me if rebates given to you for purchasing certain items are classed as income, and are they taxable?
Jul 25th 2004, 8:46 pm
#3
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Joined: Oct 2003
Location: Tallahassee, Florida
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I'm sure they are not. As long as the cash you used to purchase the item was 'tax paid' income.
Jul 25th 2004, 11:51 pm
#4
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
definitely not income
Jul 26th 2004, 12:54 am
#5
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Joined: Oct 2003
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How could it be classed as income if your actually getting a refund of money you've already paid?
And yes they take forever, its a ridiculous game over here. I think they must gamble on the fact that people can't be bothered to jump through a hoop and then wait 5 years (tad exageration) to get a measly $10 back.
And yes they take forever, its a ridiculous game over here. I think they must gamble on the fact that people can't be bothered to jump through a hoop and then wait 5 years (tad exageration) to get a measly $10 back.
Jul 26th 2004, 1:58 am
#6
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Last edited by Slushpuppy; Aug 1st 2004 at 1:50 am.
Jul 26th 2004, 2:24 am
#7
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I really hate rebates and 'cash back'. I mean WTF? I hand over the money to you, pay sales tax on it, and then a few months later you send me a cheque. WHy the heck not knock off the 'rebate' value at the cash desk? 
Jul 26th 2004, 3:30 am
#8
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Originally posted by Slushpuppy
Im just asking because my husbands employers told him that it was classed as income. He works in the USA, for a UK agency, and is paid in pounds sterling into a UK bank.
Therefore he doesnt pay tax in Britain, or have earnings in the USA. But as I say he was told not to buy anything that gave a rebate as they were classed as earnings and as such he would have to start paying Americab taxes on ALL his income?!?!?!
Yes it is confusing but as I am the one who has bought something that had a $150 rebate linked to it, I was just worried that I would be interfering with his tax situation. And I have tried to find out more from an official source but have had no joy.
Im just asking because my husbands employers told him that it was classed as income. He works in the USA, for a UK agency, and is paid in pounds sterling into a UK bank.
Therefore he doesnt pay tax in Britain, or have earnings in the USA. But as I say he was told not to buy anything that gave a rebate as they were classed as earnings and as such he would have to start paying Americab taxes on ALL his income?!?!?!
Yes it is confusing but as I am the one who has bought something that had a $150 rebate linked to it, I was just worried that I would be interfering with his tax situation. And I have tried to find out more from an official source but have had no joy.
Ash
Jul 26th 2004, 3:35 am
#9
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Last edited by Slushpuppy; Aug 1st 2004 at 1:50 am.
Jul 26th 2004, 2:39 pm
#10
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
if he lives in america then he should pay taxes on all him income irrespective of where it comes from...
Jul 26th 2004, 2:50 pm
#11
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Originally posted by BritGuyTN
if he lives in america then he should pay taxes on all him income irrespective of where it comes from...
if he lives in america then he should pay taxes on all him income irrespective of where it comes from...
Rebates are not income. Nor are refunds; not even tax refunds.
Jul 26th 2004, 2:55 pm
#12
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Joined: Jun 2002
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Originally posted by Slushpuppy
<<snip>>
Therefore he doesnt pay tax in Britain, or have earnings in the USA. But as I say he was told not to buy anything that gave a rebate as they were classed as earnings and as such he would have to start paying Americab taxes on ALL his income?!?!?!
Yes it is confusing but as I am the one who has bought something that had a $150 rebate linked to it, I was just worried that I would be interfering with his tax situation. And I have tried to find out more from an official source but have had no joy.
<<snip>>
Therefore he doesnt pay tax in Britain, or have earnings in the USA. But as I say he was told not to buy anything that gave a rebate as they were classed as earnings and as such he would have to start paying Americab taxes on ALL his income?!?!?!
Yes it is confusing but as I am the one who has bought something that had a $150 rebate linked to it, I was just worried that I would be interfering with his tax situation. And I have tried to find out more from an official source but have had no joy.
I also don't understand. You and your husband are living in the US but not paying tax in Britain. So, you should be paying tax in the US.
There's a reciprocal tax agreement between the UK and US but you should be paying income tax in one of the two countries...
Are you or your husband American? If that's the case, then at least one of you should be filing US taxes.
Jul 26th 2004, 2:55 pm
#13
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Originally posted by Slushpuppy
Therefore he doesnt pay tax in Britain, or have earnings in the USA. But as I say he was told not to buy anything that gave a rebate as they were classed as earnings and as such he would have to start paying Americab taxes on ALL his income?!?!?!
Therefore he doesnt pay tax in Britain, or have earnings in the USA. But as I say he was told not to buy anything that gave a rebate as they were classed as earnings and as such he would have to start paying Americab taxes on ALL his income?!?!?!
I suspect what your husband has been advised is to do nothing that would spark an interest in him, which might include a rebate cheque (although I'm not certain how).
Jul 26th 2004, 3:15 pm
#14
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Originally posted by NC Penguin
Rebates are usually "mail in" rebates. If an item you want is like that, you certainly can buy it but not send in the rebate. I'm sure there's a lot of people who forget to mail in the rebate by the deadline and miss out getting some money back.
I also don't understand. You and your husband are living in the US but not paying tax in Britain. So, you should be paying tax in the US.
There's a reciprocal tax agreement between the UK and US but you should be paying income tax in one of the two countries...
Are you or your husband American? If that's the case, then at least one of you should be filing US taxes.
Rebates are usually "mail in" rebates. If an item you want is like that, you certainly can buy it but not send in the rebate. I'm sure there's a lot of people who forget to mail in the rebate by the deadline and miss out getting some money back.
I also don't understand. You and your husband are living in the US but not paying tax in Britain. So, you should be paying tax in the US.
There's a reciprocal tax agreement between the UK and US but you should be paying income tax in one of the two countries...
Are you or your husband American? If that's the case, then at least one of you should be filing US taxes.
Jul 26th 2004, 3:22 pm
#15
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Last edited by Slushpuppy; Aug 1st 2004 at 1:50 am.
