PSA: Group For Victims Of Alex Kay Scam

[Dan]

-1 ask an accountant.

If you buy a table for $100 and sell it for $200, the profit is most certainly taxable income.

Selling miles is a grey area. That doesn't mean the IRS can't sue and make you prove otherwise.

[mgarfin]

+1.
Free speech doesn't include libel.

google it
ripoffreport has fought in court that you cant sue them only the writer.

[shapsam]

google it
ripoffreport has fought in court that you cant sue them only the writer.

But if the writer/reporter took it back?

[davidrotts63]

I use my credit card to spend $100 and receive 100 points which I sell for $1.60, I now received a $1.60 "rebate" on my $100 purchase.

If you buy a table for $100 and sell it for $200, the profit is most certainly taxable income.

Selling miles is a grey area. That doesn't mean the IRS can't sue and make you prove otherwise.

I spoke to an accountant, or two, who said the same, but said selling is a little Grey area(unlike straight up CB or using the points) the difference is when you MS, then it's all a profit, there any form of cash would be taxable, but points to use wouldn't be

[Yammer]

No one's forcing Dan to do anything. In the past Dan expressed an interest in going after ppl/companies that prey on those unfamiliar with CC/Points/Bonuses.

Obviously it depends on the nature of the situation and the facts on the ground. First hand verification was always what Dan requested.

It's totally his discretion