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.
Some reward point 'gifts' are taxable, says the IRS. Credit card points not taxable, but sign-up bonuses for bank accounts are. By Connie Prater. Competition for new banking customers, where larger and more enticing rewards are dangled to lure new clients, has added a new player in the rewards game -- the IRS.