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5 Free Counseling Sessions Received. Afterwards they were approx. $40 a session. Taxable?
US Expat in Korea. There was some offer from a "Foreign Resident Center" for a lot of free things (they offer classes, counseling, legal aid, etc.). I took their offer of 5 free counseling sessions which I guess they pay directly to the counseling center (for the first 5 times) and then if you want to continue, each session was 50,000 KRW.
Do I need to report these "free counseling sessions" (like the fair market value of 250,000 KRW which I'd have to figure out each date I went, convert to USD, and add it up) or am I being too obsessive with my taxes? TIA.
More info:
It's just a welfare(?)-type thing offered to foreign residents in Seoul. The Seoul Foreign Resident Center offers a lot of free services (legal services, counseling, education, etc.) to foreign residents here and for this case, they have a counseling service (separate from them) that they offer these free 5 sessions for. They also have free lawyers and stuff where I guess they take care of initial costs or the costs are waived for example. I don't know if it's welfare but it's like that or charity. Offered to help out the residents that are eligible for it.