Daily Archives

Daily Archives for February 2, 2012.

Taxing miles? Really??

This week, Citibank sent out 1099 forms to some credit card holders for the miles they received for opening a checking or savings account. I’ll say that again. Citibank sent out 1099 forms for airline miles. The miles were listed as “miscellaneous taxable income.” So now, people who have never thought to report miles as…

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