A Taxing Question

[paul bruesch]

I'm not a tax attorney (thank goodness!) but I would guess that the IRS' tax
attorneys would consider it a gratuity, hence taxable. Ya shouldda asked fer
cash! <g>

Paul Bruesch
Stillwater, MN

On 8/3/07, Alan Barnard <tune4u at earthlink.net> wrote:
>
>  Tuned a Steinway M today that did belong to one customer, now belongs to
> another, who has become a good friend over the years. I had been on the
> lookout for the right piano for this gentleman for a couple of years and
> introduced the two people.
>
> After tuning it, he wrote me a check and said "I'm adding $200 to this in
> appreciation for finding me this great piano."
>
> "Wow," says I, "Thanks". It was a total surprise because I had not asked
> for or expected any finders or sellers fees and really didn't do much more
> than make a couple of phone calls.
>
> Question: Is this $200 a gift, or is it a "fee" that I have to report as
> business income for taxes?
>
> Seems like a grey area to me.
>
> Alan Barnard
> Salem, MO
>
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