AMEX Network "Gift Chain"
Feb 15, 2012, 11:37 am
#196
Join Date: Sep 2011
Location: Ann Arbor, MI
Posts: 308
Does anyone have an extra Shoprunner membership? My understanding is that some people got more than one. I can actually make use of it, but I have no idea if it's transferable.
UPDATE: Never mind. I got one.
UPDATE: Never mind. I got one.
Last edited by Frequent Miler; Feb 15, 2012 at 6:10 pm
Feb 17, 2012, 10:24 am
#199
Join Date: Jun 2011
Location: AL
Programs: All of the Above
Posts: 1,374
Feb 20, 2012, 4:21 pm
#201
Join Date: Feb 2012
Posts: 5
I am not against paying taxes on smthing where I m supposed to, but still in my opinion, what If you dont/ cant accept/ claim a gift like 4 shoprunner membership per person, this is something annoying me, at 1st place why amex would give such gift multiple times when it can be claimed once, just because of extra 3 worthless membership my total gift value was raised to $655. I pretty much hate to include it as taxable income, What you guys think?
ANd fyi, I had detailed information about all my gifts on a spreadsheet:
They havnt included shareable
Have included mr points
statement credit
they have totaled value per person, so my wife got 1099, I did not
ANd fyi, I had detailed information about all my gifts on a spreadsheet:
They havnt included shareable
Have included mr points
statement credit
they have totaled value per person, so my wife got 1099, I did not
Feb 20, 2012, 5:41 pm
#202
Join Date: Jun 2011
Location: AL
Programs: All of the Above
Posts: 1,374
I am not against paying taxes on smthing where I m supposed to, but still in my opinion, what If you dont/ cant accept/ claim a gift like 4 shoprunner membership per person, this is something annoying me, at 1st place why amex would give such gift multiple times when it can be claimed once, just because of extra 3 worthless membership my total gift value was raised to $655. I pretty much hate to include it as taxable income, What you guys think?
ANd fyi, I had detailed information about all my gifts on a spreadsheet:
They havnt included shareable
Have included mr points
statement credit
they have totaled value per person, so my wife got 1099, I did not
ANd fyi, I had detailed information about all my gifts on a spreadsheet:
They havnt included shareable
Have included mr points
statement credit
they have totaled value per person, so my wife got 1099, I did not
Feb 24, 2012, 3:00 pm
#203
Join Date: Jun 2011
Location: AL
Programs: All of the Above
Posts: 1,374
Just got this from Am Ex. I'm assuming they got so much push back about the valuation of the SR memberships they are removing them. Press pause on filing taxes on the current 1099-Misc you go.
Dear Cardmember,
We are writing to let you know we are reissuing a 1099 form to you for the value of the gifts you received through the American Express Gift Chain promotion. As a courtesy, this new 1099 form will not include the value of any ShopRunner memberships or any Next Purchase statement credits you received if you haven’t redeemed them. You will receive the form within the next two weeks. If you don’t receive the new 1099 form in this timeframe please call the number on the back of your Card.
If you have already used the original 1099 form to file your 2011 tax return please contact a tax professional for assistance.
Thank you for your Cardmembership.
Sincerely,
American Express Customer Care
Dear Cardmember,
We are writing to let you know we are reissuing a 1099 form to you for the value of the gifts you received through the American Express Gift Chain promotion. As a courtesy, this new 1099 form will not include the value of any ShopRunner memberships or any Next Purchase statement credits you received if you haven’t redeemed them. You will receive the form within the next two weeks. If you don’t receive the new 1099 form in this timeframe please call the number on the back of your Card.
If you have already used the original 1099 form to file your 2011 tax return please contact a tax professional for assistance.
Thank you for your Cardmembership.
Sincerely,
American Express Customer Care
Mar 4, 2012, 4:30 pm
#204
Join Date: Oct 2006
Location: DTW
Programs: AA EXP, DL FO
Posts: 1,719
Just finished totaling my results. I made 120 purchases of $25 Zappos.com gift cards with 12 cards.
Total value of 108 gifts received was $2570. I lost $570 selling the Zappos cards for a total profit of $2000 even. I received a 1099 for $1150 which will cost me 25% to the IRS.
I've sent a message to Amex regarding the missing 12 gifts I never received. Hopefully they'll throw me a bone.
Total value of 108 gifts received was $2570. I lost $570 selling the Zappos cards for a total profit of $2000 even. I received a 1099 for $1150 which will cost me 25% to the IRS.
I've sent a message to Amex regarding the missing 12 gifts I never received. Hopefully they'll throw me a bone.
Mar 4, 2012, 10:26 pm
#205
Join Date: Jun 2011
Location: AL
Programs: All of the Above
Posts: 1,374
I got in the mail yesterday my updated 1099 from Am Ex. They eliminated the Mrs. from having a 1099, and combined our 1099 went down close to 40%. Not too shabby. I'm glad they decided not to show SR memberships in the total. Anyone else get their updated 1099?
Mar 10, 2012, 8:15 pm
#206
Join Date: Feb 2011
Location: CVG
Programs: Hyatt Giraffe
Posts: 1,664
Just finished totaling my results. I made 120 purchases of $25 Zappos.com gift cards with 12 cards.
Total value of 108 gifts received was $2570. I lost $570 selling the Zappos cards for a total profit of $2000 even. I received a 1099 for $1150 which will cost me 25% to the IRS.
I've sent a message to Amex regarding the missing 12 gifts I never received. Hopefully they'll throw me a bone.
Total value of 108 gifts received was $2570. I lost $570 selling the Zappos cards for a total profit of $2000 even. I received a 1099 for $1150 which will cost me 25% to the IRS.
I've sent a message to Amex regarding the missing 12 gifts I never received. Hopefully they'll throw me a bone.
Mar 11, 2012, 3:46 pm
#207
Join Date: Jun 2010
Location: SEA
Programs: DL EZ TG AS
Posts: 131
Fee free GC from AMEX..
Didn't see it in this thread yet and not sure if it belong here, so, Mod feel free to move it.
I found this in my mailbox this AM.
Administrative Professionals' Day celebrates everyone who keeps the office running year round. This year, show your gratitude by giving them a gift that thanks them for all they do –
American Express® Gift Cards. They are the perfect gift for all the administrative professionals, assistants and co-workers in your workplace.
ORDER NOW NO PURCHASE FEES: USE CODE EMADMCM1
WITH YOUR AMERICAN EXPRESS CARD
Since there is no purchase fee, is there a redemption fee?
I found this in my mailbox this AM.
Administrative Professionals' Day celebrates everyone who keeps the office running year round. This year, show your gratitude by giving them a gift that thanks them for all they do –
American Express® Gift Cards. They are the perfect gift for all the administrative professionals, assistants and co-workers in your workplace.
ORDER NOW NO PURCHASE FEES: USE CODE EMADMCM1
WITH YOUR AMERICAN EXPRESS CARD
Since there is no purchase fee, is there a redemption fee?
Mar 11, 2012, 5:34 pm
#208
Join Date: Sep 2011
Location: Ann Arbor, MI
Posts: 308
Didn't see it in this thread yet and not sure if it belong here, so, Mod feel free to move it.
I found this in my mailbox this AM.
Administrative Professionals' Day celebrates everyone who keeps the office running year round. This year, show your gratitude by giving them a gift that thanks them for all they do –
American Express® Gift Cards. They are the perfect gift for all the administrative professionals, assistants and co-workers in your workplace.
ORDER NOW NO PURCHASE FEES: USE CODE EMADMCM1
WITH YOUR AMERICAN EXPRESS CARD
Since there is no purchase fee, is there a redemption fee?
I found this in my mailbox this AM.
Administrative Professionals' Day celebrates everyone who keeps the office running year round. This year, show your gratitude by giving them a gift that thanks them for all they do –
American Express® Gift Cards. They are the perfect gift for all the administrative professionals, assistants and co-workers in your workplace.
ORDER NOW NO PURCHASE FEES: USE CODE EMADMCM1
WITH YOUR AMERICAN EXPRESS CARD
Since there is no purchase fee, is there a redemption fee?
Mar 12, 2012, 8:54 pm
#209
Join Date: Jun 2010
Location: SEA
Programs: DL EZ TG AS
Posts: 131
No, Amex gift cards do not have redemption fees. Amex does periodically have no fee promotions for these. If you want to buy a high priced Amex gift card, you can do better by going thru Big Crumbs for 1.4% cash back.
Thanks for the link
Mar 16, 2012, 8:33 am
#210
Join Date: Feb 2010
Posts: 321
Looks like you will personally receive any gift cards which you did not share. I have been receiving emails with the following:
"Dear ___________,
Our records indicate that due to technical difficulties you were unable
to share 3 of the $2 Dunkin' Donuts gift card(s) you received in
The American Express Gift Chain with your Facebook friend(s) before
the February 29, 2012 deadline.
We will be mailing the gift card(s) directly to you within the next
three weeks, so that you can forward them on to your friend(s).
We sincerely apologize for this inconvenience. Thank you for being a
part of the American Express Gift Chain.
Sincerely,
American Express Customer Care"
"Dear ___________,
Our records indicate that due to technical difficulties you were unable
to share 3 of the $2 Dunkin' Donuts gift card(s) you received in
The American Express Gift Chain with your Facebook friend(s) before
the February 29, 2012 deadline.
We will be mailing the gift card(s) directly to you within the next
three weeks, so that you can forward them on to your friend(s).
We sincerely apologize for this inconvenience. Thank you for being a
part of the American Express Gift Chain.
Sincerely,
American Express Customer Care"