Universal, Upholstery Vinyl is suitable for Residential, Hospitality, Medical, and Automotive applications. *Fabric dye lots may vary but are within industry standards. We cannot guarantee an exact match.
That is why some Citibank customers have been receiving 1099-MISC statements. They signed up for a bank account and as part of the marketing to get new customers to sign up they were given 25,000 to 30,000 airline miles. Since these miles are considered a gift and not a reward, they are deemed as taxable income.
Taxable Gifts â Most gifts are not subject to federal income tax and do not need to be reported to the Internal Revenue Service as income. For instance, you can give a gift to your wife or make a philanthropic donation to a charity without their being subject to the gift tax.