Morton Fox (mortonfox) wrote,
Morton Fox

Taxes and Sausages

Flushing Meadows Corona Park - Unisphere

Just received the last item I needed for my tax return today. It's a Schedule K-1 that is always late because one of the stocks I own is a MLP and it doesn't release its year-end results until early March. So I went through and completed the rest of the sections in Taxcut for both Federal and State. I still can't file yet though for two reasons:

1. I have to withdraw an excess Roth IRA contribution and the earnings from that have to be added to the tax return as well. Went through the same thing last year, so I have experience. :)

2. There may still be more 1099 corrections coming in.

But the best reason not to file just yet is my tax refund is four figures negative so I might as well earn a few weeks' worth of interest on that first.

Something that caught my eye at the Joe Consumer blog recently: Airborne Class Action Lawsuit Settlement

Yes, that's Airborne, the cold supplement. If you purchased Airborne products between May 1, 2001, and November 29, 2007, you can file a claim for a refund at that website. If you misplaced your receipts, you can still file a claim for up to six packages of Airborne. The basis of the class action lawsuit is Airborne Inc. made unproven claims that the product can cure or prevent colds. In fact, it does no such thing as it is only a vitamin supplement.

Anyway, the settlement has not been approved yet. There'll be a court hearing on June 16, 2008, and the company may take up to a year or longer to appeal. However, the deadline for submitting claim forms is September 15, 2008.

My own history with Airborne is I didn't believe it could cure colds but I got one pack anyway to give it a try. I still haven't used the tablets though. Maybe it works the same way as NasalCease. :) (I didn't get any nosebleeds after buying NasalCease, so I never got a chance to try that either.) So yes, I'll submit a claim form for that one pack.
Tags: airborne, class action, roth ira, tax return, taxes
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