When is $1000 not $1000???

When you win it on the radio and the check only says $660.00 because of taxes...buzzkill!!!

In other news, I understand that the passengers who went down in the Hudson River on the US Airways flight were awarded $5000 for their ordeal.  Is one required to pay taxes on money received for pain and suffering?  

Look that up in your 1040 booklet!   :)