I don't know enough about tax law, but intuitively it seems really wild to me that points that are accumulated indirectly (such as via credit card) aren't treated as income. Especially when the...
I don't know enough about tax law, but intuitively it seems really wild to me that points that are accumulated indirectly (such as via credit card) aren't treated as income. Especially when the individual isn't the one paying for it.
It's starting to gain scrutiny, and credit card companies like Chase and AmEx have started to issue 1099s for sign-up bonuses, much to the chagrin of churners. Matt Levine also talks about this in...
It's starting to gain scrutiny, and credit card companies like Chase and AmEx have started to issue 1099s for sign-up bonuses, much to the chagrin of churners.
Matt Levine also talks about this in his Money Stuff colunn (search for "credit-card rewards").
I don't know enough about tax law, but intuitively it seems really wild to me that points that are accumulated indirectly (such as via credit card) aren't treated as income. Especially when the individual isn't the one paying for it.
It's starting to gain scrutiny, and credit card companies like Chase and AmEx have started to issue 1099s for sign-up bonuses, much to the chagrin of churners.
Matt Levine also talks about this in his Money Stuff colunn (search for "credit-card rewards").