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Old 02-20-2002, 03:46 PM   #1
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IRS: No Tax Liability on Flier Miles

IRS: No Tax Liability on Flier Miles

Quote:
WASHINGTON - Business travelers who use their frequent flier miles for personal trips won't get grounded by the IRS.

Seeking to clear up confusion, the Internal Revenue Service (news - web sites) announced Wednesday it will "not assert" that frequent flier miles accrued on business or official travel should be counted as taxable income when they are converted to personal use.
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Old 02-20-2002, 03:46 PM   #2
Senior Member
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Join Date: Sep 2001
Location: IAH/HOU
Posts: 2,354
IRS: No Tax Liability on Flier Miles

IRS: No Tax Liability on Flier Miles

Quote:
WASHINGTON - Business travelers who use their frequent flier miles for personal trips won't get grounded by the IRS.

Seeking to clear up confusion, the Internal Revenue Service (news - web sites) announced Wednesday it will "not assert" that frequent flier miles accrued on business or official travel should be counted as taxable income when they are converted to personal use.
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