My C corp received a small amount of money (under $100.00) from the LiPuma class action settlement with American Express. The issue was that American Express had used incorrectly high foreign-exchange rates for purchases made outside the U.S.
My question is how to account for this refund, which covers charges over a several-year period? Some of those were undoubtedly employee travel meals, which are only deductible at 50%.
I don't know how much was awarded for each year. Even if I could figure it out, surely I would not be expected to amend returns for such a trivial amount?
Thank you,
Charles