IRS eyes new ways to tax miles of frequent fliers

The Internal Revenue Service is getting ready to toughen the tax treatment on frequent flyer miles and hotel loyalty reward programs. The IRS announced in 2002 that it wouldn’t try to go after individuals for income taxes on frequent flyer miles or hotel loyalty points earned on company-paid business trips.

To read more about this topic view the full article here:

http://www.nysun.com/national/irs-eyes-new-ways-to-tax-brmiles-of-frequent/88725/