IRS clarifies its stand on whether airline miles are taxable

Citibank is notifying the Internal Revenue Service that the airline miles it gave customers represent miscellaneous income, leaving customers on the hook for paying related taxes. (Justin Sullivan, Getty Images / January 30, 2012) By David Lazarus That

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Even though the deadline for filing taxes is April 17 this year instead of April 15, the Internal Revenue Service wants you to file as early as you can. According to IRS spokesman Dan Boone, that's because the longer you wait, the more likely you are

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