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Tax Consequences of Microsoft’s “Gift” of Laptops to Bloggers

Acer_2Slashdot reports today (via Long Zheng) that Microsoft is sending out free top-of-the-line Acer-Ferrari laptops pre-loaded with Vista to bloggers as a "no strings attached gift."  Four questions:

  1. What are Microsoft’s tax reporting obligations?
  2. Is there any way for the bloggers to avoid reporting the fmv of the laptops on their 2006 tax returns?
  3. What are the ethical constraints on the blogger in reviewing Vista after accepting the free laptop?
  4. What about me?

(Hat Tip:  George Mundstock.)


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