The IRS Wants to Tax Your Illegal Income
Believe it or not, the federal government requires that money acquired through illegal means be reported and taxed just like legitimate income. The instructions are right there on the income tax form.
reportable income
A Tax Bill for Frequent Flier Miles? Thanks a Lot, Citibank
It's tax season, which means the annual deluge of W-2s, 1099s and other financial forms. But thousands of Citibank customers will have an extra surprise in their mailboxes: 1099 forms reporting their frequent flier miles as income.