Tag Archives for IRS.
This case only came to light because of the sheer scale – over $300,000 in credit card rewards without the purchase of bona fide goods or services.
However anyone who bought, stay, a million dollars or more in dollar coins from the U.S. Mint is lucky that the IRS cannot audit back that far in the absence of a fraud on the relevant tax returns.
The IRS is apparently seeking to tax Latin American airlines for wages paid to flight attendants and pilots during the time they spend working over US airspace. (Link via Today in the Sky.) Critics of the move point out that other countries might respond by doing the same to U.S. airlines. Anyone with thoughts on why the IRS is focused on Latin American carriers — and not European or Asian carriers — feel free to offer them in them in the comments.
Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel -- a topic he has covered since 2002.
Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »
