500 rebate from nissan - Page 5

PrDm · #61 (**permalink**) 10-22-2012, 06:55 PM

Seems I owe this site $500 because I have never heard about this offer until I signed up here. Submitted for the card on 9/13, two weeks after I'd paid for the car, clearly not meeting their eligibility requirements but it showed up today anyway. And I will, of course, be telling the IRS of my windfall.

Wallybear · #62 (**permalink**) 10-22-2012, 08:52 PM

I submitted the claim two days after buying the car and 7 days after signing up for the offer. We got the Visa card in the mail on Saturday the 20th. That was less than 3 weeks from start to finish.

I got an email acknowledging the submission about an hour after sending it.

I hope this info helps someone.

Peace.

dirt ninja · #63 (**permalink**) 10-22-2012, 09:10 PM

Quote:

Originally Posted by PrDm

Seems I owe this site $500 because I have never heard about this offer until I signed up here. Submitted for the card on 9/13, two weeks after I'd paid for the car, clearly not meeting their eligibility requirements but it showed up today anyway. And I will, of course, be telling the IRS of my windfall.

Do you want my paypal address? Glad i could help a fellow nissan owners out! Hopefully people will do the same with useful information. I just got my card today after waiting 7 weeks.

Wallybear · #64 (**permalink**) 10-22-2012, 09:23 PM

Quote:

Originally Posted by JamesJM

Visa Cash Card may be subject to income tax.

I am waiting on mine.
First Name, Last Name and Address used to register for it.
Don't know what other information they got from the purchase.

MAY BE SUBJECT TO INCOME TAX
So, will the IRS come after our asses if we don't report it as income for 2012?

I'm not a tax attorney, but what I can tell you is that this kind of promotion is considered to be "income" by the IRS. According to the rules, you need to account for it on your return. I don't know if Nissan actually gives any information on who they award this card to to the IRS. If they don't, then there's no way for the IRS to know you got it. Sort of like a gambling win that's under the reporting threshold.

Topdawg1 · #65 (**permalink**) 10-22-2012, 09:40 PM

Received my $500 today. Applied 5 weeks ago and had already purchased the car. They sent the card anyway.

PrDm · #66 (**permalink**) 10-23-2012, 01:07 AM

I don't know if Nissan actually gives any information on who they award this card to to the IRS. If they don't, then there's no way for the IRS to know you got it. Sort of like a gambling win that's under the reporting threshold.

Nissan probably does submit this to the IRS but they have precious few auditors who wont bother to persue this level of unreported income.

JamesJM · #67 (**permalink**) 10-23-2012, 01:48 AM

Bought my car on 09/08/2012.
I submitted the form on-line with purchase information on 09/09/2012.
~42 days, 6 weeks.
Sounds like they have been processing the Visa Cards in 2 week bundles at a time. All submissions for the 2 weeks processesed at the same time. Ones received at the beginning of a 2 week period were processed within 6 weeks. While ones received at the end of the 2 week period were processed within 4 weeks. Some may take longer if the verification of the purchase takes longer. It does not seem like they are following their own rules, that you need to initially apply for the Visa card offer before you make the purchase.