No taxes have yet been assessed on frequent flier miles. Citibank, in a misguided cover-your-aqq operation, decided to send 1099s to customers who received frequent flier miles for joining their credit card plans. It was, in my opinion, misguided and the IRS has not made a decision about taxes being assessed on FF miles.

Southwest gives back, engages with medical transport program Southwest Airlines is best known for discount fares, free checked bags and snacks. What they’re not as well known for is their medical transportation program. This week, the airline announced that over 70 hospitals and charities from across the United States have been selected for Southwest’s 2012 [...]