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UPS Employees get to keep Rewards points???
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<blockquote data-quote="Catatonic" data-source="post: 1257850" data-attributes="member: 7966"><p>Only in specific cases and definitely not for the type we have been discussing:</p><p><a href="http://www.foxbusiness.com/personal-finance/2012/01/31/reward-point-gifts-are-taxable-says-irs/" target="_blank">http://www.foxbusiness.com/personal-finance/2012/01/31/reward-point-gifts-are-taxable-says-irs/</a></p><p></p><p>Depending on how you obtain them, rewards may be taxable as income, according to tax experts and the Internal Revenue Service. People who covet and collect rewards can rest easy. The traditional rewards points earned when making purchases with credit cards or debit cards are still tax-free.</p><p></p><p>"Rewards and airline miles that are provided in connection with a purchase on a credit card are routinely not subject to individual income tax reporting," ...</p><p></p><p>On the other hand, "When a customer receives a gift for opening a bank account -- whether cash, a toaster or airline miles -- the value of that gift is generally treated as income and subject to tax reporting. This is separate and distinct from miles or points earned by our credit card customers for their purchases," Collins says.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1257850, member: 7966"] Only in specific cases and definitely not for the type we have been discussing: [URL]http://www.foxbusiness.com/personal-finance/2012/01/31/reward-point-gifts-are-taxable-says-irs/[/URL] Depending on how you obtain them, rewards may be taxable as income, according to tax experts and the Internal Revenue Service. People who covet and collect rewards can rest easy. The traditional rewards points earned when making purchases with credit cards or debit cards are still tax-free. "Rewards and airline miles that are provided in connection with a purchase on a credit card are routinely not subject to individual income tax reporting," ... On the other hand, "When a customer receives a gift for opening a bank account -- whether cash, a toaster or airline miles -- the value of that gift is generally treated as income and subject to tax reporting. This is separate and distinct from miles or points earned by our credit card customers for their purchases," Collins says. [/QUOTE]
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UPS Employees get to keep Rewards points???
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