Hi,
When the
job I was performing for one of the companies I service outgrew my capacity,
they contracted another supplier to replace me.
Our relationship spanned many good years, and I was handed a cheque for
several thousands of dollars towards no work performed. I was happy to receive
the extra money, and assumed it was a gesture of Appreciation &
Honorariums.
Am I
correct to treat this as cash Taxable benefit, and if so where do I include it
using the Online TurboTax Business and Home software? Can I treat it as Other
Income?
Please
advice ASAP,
Thanks in
Advance,
Joe
