answer these question on an excel spreadsheet question1 when oprah gave away pont 384028

Answer these question on an Excel spreadsheet. Question1. When Oprah gave away Pontiac G6 sedans to her TV audience, was the value of the cars taxable? On Labor Day weekend in 2006, World Furniture Mall in Plano,Illinois, gave away $275,000 of furniture because the Chicago Bears shut out the Green Bay Packers in their football season opener at Lambeau Field in Green Bay (26 0).Was the free furniture in the form of a discount or rebate taxable, or should the furniture company hand the customers a Form 1099 MISC? Question 2 You are interviewing a client before preparing his tax return. He indicates that he did not list as income $96,000 received as recovery for false imprisonment. What should you do with respect to this significant recovery? And explain. Partial list of research aids: CCA 2008099001 Daniel and Brenda Stadnyk, T.C.Memo. 2008 289 Rev.Rul. 2007 14, 2007 1 C.B. 747. 104A?§