Latest "frequent flier mileage" News:
New: Taxation of Frequent Flier Miles
Bad news: You might get a 1099 tax form forcing you to pay tax on airline miles.
Fri, 03 Feb 2012 13:58:45 -0800
Citibank deems frequent-flier miles taxable, but does the IRS?
The bank is sending tax forms to customers who received thousands of airline miles as a reward for opening a checking or savings account. The IRS should say what implications that has for taxpayers. Frequent-flier miles clearly have value — why else would people want them? But do they also represent taxable income?
Tue, 24 Jan 2012 06:05:02 -0800
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