Being taxed ~$2,000.00 for a RoadTest.

What product is that from ??

Also, are you declaring the "Gift" as a company asset, there not a corporate / Company (Your Company) gratuity, if anything they should be declared (If at all) as a prize from a contest ??, or atleast thats my understanding, if you participate in a free raffle in your region and win $1000 (A 50/50 draw, or "Your our 1000,000 customer, hers a $1000 to spend in our store) do you declare it as income, do you even declare it at all ?, its for you as an individual, not you as a company??

I would talk to your accountant for professional advice and how if at all this should be declared, you must also have received something well over 10K$ to get that much tax hit ?.

If you have already submitted it, you may have opened up a whole can of pain that may be difficult to get out of but worth the call to your accountant, or at least consulting one.

...are you declaring the "Gift"...

Except that Randall now has made it clear it's not a gift, but more of a payment for writing a review. In which case the taxman has a pretty good case that it's work income.

For someone in a top tax bracket, and depending on the country, the tax paid on the top dollar earned gets closer to half (40% in Canada if above like $120k I think).

I would go with Inderpreet's suggestion of considering it a sample, but I don't know if that means the taxes are any different, or if there's an exemption to how much a sample can be.

Good question for a tax specialist for sure. I'd like to hear what the official response is.

Cheers,

-Nico

...are you declaring the "Gift"...

Except that Randall now has made it clear it's not a gift, but more of a payment for writing a review. In which case the taxman has a pretty good case that it's work income.

For someone in a top tax bracket, and depending on the country, the tax paid on the top dollar earned gets closer to half (40% in Canada if above like $120k I think).

I would go with Inderpreet's suggestion of considering it a sample, but I don't know if that means the taxes are any different, or if there's an exemption to how much a sample can be.

Good question for a tax specialist for sure. I'd like to hear what the official response is.

Cheers,

-Nico

On a side thought, we may need to tweak the information for RoadTests to let people be aware of their Free product potentially costing them with taxes appropriate to their location.

3. How much does a RoadTest cost?

There is no charge to participate in the RoadTest program. Once you have been selected as a RoadTester, element14 will send you the product for FREE in exchange for your feedback.

11. If I am selected as a RoadTester, can I keep the product I tested?

Yes. That's the great benefit of being a participant in the RoadTest program. You get the product for free in exchange for your objective feedback.

I can't even imagine the intricacies of tax forms for all of the Countries that participate.  Guessing there should be a general amount of value that is the required minimum before Element 14 has to file special tax paperwork on their side.

DAB ntewinkel hmm, so maybe this is something new due to the 1099-MISC form being used?  Due to that being filed with the Government I can't argue this being a sample of a value worth $0.00 since it clearly is declared at $3,890.00.