Red Sox Win Could Have Tax Consequences

Furniture dealer Jordan's Furniture hopes to avoid sending tax notices to its customers after a special promotion that promised to refund the cost of furniture purchases if the Red Sox won the World Series.

The retailer offered to give customers full refunds for any furniture they purchased between March 7 and April 16 if Boston won the championship, according to the Boston Globe.

The chain at first said it would have to send 1099 forms to its customers if they received the refunds and report them to the Internet Revenue Service, but now the company hopes to be able to claim the refunds as rebates so customers will not be taxed.

Almost 30,000 furniture orders will be covered by the promotion. The furniture chain, owned by Berkshire Hathaway, said an insurer is paying for the refunds.

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