First Person: Pay a Hefty Tax for Miles Rewards? ‘No, Thank You’ Citibank – YAHOO!

February 8, 2012 Posted By: Leave a comment
contributor According to Michelle Eldridge, an IRS spokeswoman, "when frequent-flier miles are provided as a premium for opening a financial account, it can be a taxable situation subject to reporting under current law." Under the income tax law ...
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