[net.taxes] "Frequent Fliers" Beware!

ggr (02/25/83)

All of you boondoggle lovers (i.e. people who take a lot of business
trips) should know that the IRS is about to rule that the free
tickets you get for racking up the kilometers on airlines with
"frequent flier" programs must be declared as taxable income.

	"[Since your employer buys the tickets]
	the [free or discounted] tickets should be the property
	of the company [and reported as income]."

I have no idea if this will apply to 1982.

				=== Guy Riddle == BTL Piscataway ===