takata airbag check
- Thread starter badatmath
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USGrant1962
Thinks s/he gets paid by the post
We got one, I think it was $68. For a car I gave to my son two years ago.
I really don't get why car owners are getting them - dealers/manufacturers replaced those airbags on recalls, shouldn't they get the money? Maybe that is another part of the settlement.
I really don't get why car owners are getting them - dealers/manufacturers replaced those airbags on recalls, shouldn't they get the money? Maybe that is another part of the settlement.
SecondCor521
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
^Could be compensation for the fear the owner felt driving around in a car with a potentially dangerous airbag in it. That's a separate issue from the cost of remediating the cars to have a safe airbag in it, which as you point out probably was done by dealers via recalls.
easysurfer
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I would contact the bank on the check to verify if legit or not. The bank should know if they are cutting the check or if the check is some kind of scam.
SecondCor521
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Probably not if it's compensation for pain and suffering. Check the language of the settlement against the IRS definition of taxable income, but usually insurance payments and reimbursements are not taxable income.
As far as the check being legit, there is a well known problem with Takata airbags and I'm pretty sure there is at least one class action lawsuit about it. If you owned the car they say you did, and it did have a Takata airbag in it (easy enough to check via Google), then I'd be inclined to think the check was legit.
It does list a VIN that matches old car. I think it was wrecked (not my fault) before the recall. Don't remember. Makes me wonder if current car has the same airbag . . . I will look for a recall on it. I am good about such things normally so I don't think so.
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OldShooter
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
$151.88 last week for a long gone Mazda RX-8. What would be the point of sending out bogus checks unless the sender was buying something from the recipient?
Edit: If there's no 1099 at the end of the year, it's not taxable income on our return at least.
Edit: If there's no 1099 at the end of the year, it's not taxable income on our return at least.
RetiredAndLovingIt
Thinks s/he gets paid by the post
Curious if they are all for the same brand. One poster mentioned Mazda.
SecondCor521
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Takata airbags were pretty widely installed for a number of years in quite a few different makes and models.
did you file for and enumerate specific damages?
No.
FIREd_2015
Recycles dryer sheets
Just got a Residual Distribution Payment of $97 from the Takata Airbag Settlement. The explanation that came with the check says "...As described in Sectin III.E.1 of the Honda Settlement Agreement, if funds remain after all Outreach Program and out-of-pocket expense payments for any particular program year have been made. Class Members may receive Residual Distribution payments..."
tuckeverlasting
Recycles dryer sheets
Yes, I got one for my Honda. I already deposited it at my bank. My second payment--first was several years ago.
USGrant1962
Thinks s/he gets paid by the post
Yea, I got my second check last week. $182.
euro
Thinks s/he gets paid by the post
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I got 2 checks last week - about $80 each. I do remember that I already got some payment a couple of eyars ago, but I have no recollection as to which of my cars these pertain to. I'm pretty sure that I no longer own them. Anyway, just deposited the checks. Case closed - I guess....
Koolau
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
As much as IRS wants our money - what with all the thousands of new agents - I'm guessing it's taxable and you should probably declare it. Of course, if you don't get a 1099...
USGrant1962
Thinks s/he gets paid by the post
As much as IRS wants our money - what with all the thousands of new agents - I'm guessing it's taxable and you should probably declare it. Of course, if you don't get a 1099...
I know you are joking, but to be clear rebates and damages are not generally taxable.
I did not get a 2nd check but I found an email address and contacted them several weeks ago. They finally replied it was mailed but never cashed. I asked for another but doubt it is likely to do anything. I get so little mail I'm sure it was not thrown out by mistake. We don't get mail at our houses here, so guessing a neighbor got it and threw it out.
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