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" ... EPILOG: I called Apple this morning and eventually, after speaking to three people, managed to find out what went wrong. Apparently, Apple sells two types of gift card. One is for the App Store and iTunes, while the other is for the Apple Store. The two gift cards are completely different beasts. After about half an hour, Apple deactivated my gift cards and within five working days the money will be refunded to my daughter’s bank account and she can then regift me the money by transferring it to my bank account. It still leaves me without an iPhone but at least I don't have £125 on my Apple ID that can only be spent on music, apps and other Apple services. The whole process felt a bit shambolic and it still amazes me that Apple has two totally different gift cards that are completely incompatible. Lesson learned. Maybe I will take a look at an Android phone now. Only kidding! ... "
" ... Some celebs regift the bags or turn them down. They can take a charitable contribution deduction if they donate the gift bag to a qualified charity. But the fair market value of the gifts must still be reported on their tax return. And that’s where turning goodies down raises odd tax issues. If you turn down a bonus from your employer, it’s still income according to the IRS. If you say to “pay me next year,” it’s still income when you were handed the bonus and asked to delay it. ... "