@Candyfoot88 wrote:
This is NOT income. I am not selling anything. I am only asking to be reimbursed for the overcharge I incurred with my solar panel not collecting properly. Freedom Forever is the company that backs the promise, should my solar panels stope working they are obligated to reimburse for the amount lost.
It's not necessarily income to you, that's what I am trying to figure out. From the company's point of view, they are required to issue a 1099-MISC if they pay you more than $600 in a year. It's between you and the IRS if the money is taxable, they must issue a 1099-MISC for all payments and then it's your problem to convince the IRS that it is not taxable. There are a couple of ways to do this.
Whether it is or is not taxable income depends on the business relationship, among other things, which I am trying to understand.
