Via Tax Prof Paul Caron comes the news of a decision by the federal tax court requiring a taxpayer to report as income the value of Citibank "Thank You" points — a bonus for opening a new account — that were converted into a free airline ticket.
Taxing Frequent Flier Miles
https://www.futureofcapitalism.com/2014/08/taxing-frequent-flier-miles
by Editor | Related Topics: Banking, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list