Daily Links and Deals: INDIA – Books, music downloads from foreign sites will be costlier from Dec 1

daily_links_1Daily Links for Monday, November 14, 2016:

Your iPhone’s has a hidden signal strength meter (ZD Net) This hack shows you how to use it.

Signal Downloads Spiked After Election Results (Motherboard) Post-election, encrypted messaging app Signal has a lot of new users.

Federal judge orders Amazon to refund in-app purchases made by children (The Verge) Amazon is paying the price for not warning parents about in-app purchases in children’s games.

Amazon Japan’s manga-centric Kindle is all about storage (Engadget) Alook at a Manga-optimized Kindle sold by Amazon Japan.

INDIA: Books, music downloads from foreign sites will be costlier from Dec 1 (The Hindu Business Line) A 15 percent excise tax is designed to level the playing field for domestic retailers.

AdultFriendFinder network hack exposes 412 million accounts (ZD Net) This adult dating and entertainment company’s poor security practices are supposedly to blame for the breach.

Deals of the Day:

Amazon’s selection of Kindle Daily Deals includes Shady Cross by James Hankins.

In Today’s Deals, RAVPower battery power banks.

Amazon also has a great selection of Certified Refurbished devices available. These come with a full one-year warranty. You can find deals on Paperwhites ($80), a Kindle Voyage ($120) and the Amazon Echo ($120) here.

The Barnes and Noble Nook Daily Find is NIV, Lifehacks Bible, eBook: Practical Tools for Successful Spiritual Habits by Kevin DeYoung. The Romance Daily Find is Much Ado About Highlanders by May McGoldrick.

Barnes and Noble also has a selection of NOOK Books Under $2.99.

Kobo’s Daily Deal is Kobo Presents The Year’s Best Crime and Mystery Stories 2016 by Kristine Kathryn Rusch, John Helfers, Joyce Carol Oates, Mary Higgins Clark, and many others. The Extra Daily Deal is Blood Kiss (Black Dagger Legacy Book 1) by J.R. Ward.

You can buy 2, get 1 free and save on Fern Michaels’ holiday romance titles until November 30.

There is also a selection of Great Reads Under $5 and Bargain Reads in Fiction, in Mystery and other genres. The Kobo Aura One (and the Aura Edition 2 e-readers are now available for order at the Kobo store. (The Aura One is still out of stock until early 2017.)

iTunes’ Weekly Bestsellers Under $4 includes Careless People by Sarah Churchwell.

Google Books has a selection of Topsellers Under $10.

(A note on Daily Deals: All prices current at the time of posting and subject to change. Most items marked Daily Deals are good for only the day posted.

Many large promotions have discount pricing that is set by the publisher. This usually means that titles can be found at a discount price across most platforms (with iTunes sometimes being the exception). If you have a favorite retailer you like to patronize, check the title on that website. There is a good chance that they will be matching the sale price.)

Daily Links are interesting links I discover as I go about my online day. The frequency and number of links posted depend upon the daily news. I also post other, different links of interest on Twitter, Facebook, and on the Google Plus eBook Evangelist Page.

Are the Apple ebook settlement credits taxable?

account-1048671_640There is an interesting discussion in progress on the Amazon customer forums. One of the post asked the interesting question “Given how much money that some people got – are ‘we’ (global we) going to have to report this money on our taxes? Since its a settlement and not a refund?”

While I only received a modest refund of $24 (I started boycotting books over $9.99 when agency pricing went into effect), many customers have reported receiving refunds in the hundreds of dollars. The biggest amount I saw posted on the forums claimed a $1888.73 refund.

The discussion references IRS Publication 525 (which seems to be about employee and business issues). The document does suggest that punitive damages may indeed be taxable.

One comment says:

This was only a quick search, but most of the links that came up under “Are settlements taxable” seem to think so. Also, https://www.irs.gov/businesses/small-businesses-self-employed/lawsuits-awards-and-settlements-audit-techniques-guide#_Toc305586651

“Punitive Damages

Punitive damages are not excludable from gross income under IRC § 104(a)(2).

With the enactment of SBJPA, Public Law 104 -188, Section 1605(a) in 1996, Congress made it clear in IRC § 104(a)(2) that punitive damages are taxable, regardless of the nature of the underlying claim.

IRC § 104(a)(2) states gross income does not include —

“the amount of any damages (other than punitive) received (whether by suit or agreement and whether as lump sums or as periodic payments) on account of personal physical injuries or physical sickness.”

In the Ebook Settlement FAQ, Amazon notes that it did not disclose any personal customer information regarding this settlement. The discussion also notes that “Other Income” generally requires the issuance of a IRS Form 1099, which no one seems to have received.

The discussion seems pretty split with some saying it would be taxable and others saying not. So far, no attorneys or CPAs have stepped up to weigh in on the topic. I didn’t hear anything about any tax liabilities on the previous publisher portion of the settlement – of course, mine was only $2, so it was a non-issue, at least for me.

While it is a fascinating discussion, since I am neither a lawyer or a tax consultant, I have no idea where this ebook settlement actually falls in terms of tax liabilities. Any thoughts?

News of the Day: E-books aren’t books for UK Taxes

From the Goodereader: E-books aren’t books for tax purposes 

From NPR The Two-Way: BookNews – Jesus’ copyright and literature on paper cups 

From MakeUseOf: Five fantastic short stories to read FREE online

From Vacuosminx: A reader manifesto

From Teleread: Indie titles are coming to OverDrive via Smashwords