Author Topic: Amex 2014 Terms and Conditions  (Read 5951 times)

Online davidrotts63

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: May 2017
  • Posts: 6736
  • Total likes: 709
  • DansDeals.com Hat Tips 25
  • Gender: Male
    • View Profile
  • Programs: Hertz Gold, Hyatt Member, BA Blue, Ebay banned, Amazon Prime
Re: Amex 2014 Terms and Conditions
« Reply #165 on: July 06, 2018, 05:00:41 PM »
Out of the 3 or 4 banks that I've gotten bonuses, M&T bank is the only one that ever sent me a 1099 for it.
I got from them as well as Santander, WF, IINM chase does too. I got another as well which I can't recall from who it was.
(Quit) pulling out the flowers, and watering the weeds. -Peter Lynch

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6669
  • Total likes: 1058
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Amex 2014 Terms and Conditions
« Reply #166 on: July 06, 2018, 05:12:30 PM »
Nor does a store collecting sales tax or not.
Not reporting taxable income is a different story.
I just found a new supply of forks!

Online mmgfarb

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2015
  • Posts: 7627
  • Total likes: 641
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Amex 2014 Terms and Conditions
« Reply #167 on: July 06, 2018, 05:45:52 PM »
have to call in?
You can but I'm not sure if it'll help or not.
"JS [is] a fetid cesspool of unvarnished linguistic manure, with lots of useless drivel and post-padding." -Moishebatchy

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 53419
  • Total likes: 2358
  • DansDeals.com Hat Tips 16441
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA Global Services, AA Lifetime Plat, DL Dirt, SPG Plat, Hyatt Diamond, Fairmont Lifetime Plat, Hilton Diamond, Priority Club Plat, Avis Chairman, National EE, Hertz PC
Re: Amex 2014 Terms and Conditions
« Reply #168 on: July 06, 2018, 05:47:37 PM »
Not reporting taxable income is a different story.
Why is it different?
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6669
  • Total likes: 1058
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Amex 2014 Terms and Conditions
« Reply #169 on: July 06, 2018, 06:12:07 PM »
Why is it different?
Maybe I am not understanding what you are saying/asking.
AFAIK it is the stores responsibility to charge me tax. If I don't get a 1099 for a referral it is my responsibility to report it (if it is taxable).
I just found a new supply of forks!

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 53419
  • Total likes: 2358
  • DansDeals.com Hat Tips 16441
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA Global Services, AA Lifetime Plat, DL Dirt, SPG Plat, Hyatt Diamond, Fairmont Lifetime Plat, Hilton Diamond, Priority Club Plat, Avis Chairman, National EE, Hertz PC
Re: Amex 2014 Terms and Conditions
« Reply #170 on: July 06, 2018, 06:14:50 PM »
If a store doesn't charge sales tax it's your responsibility to report it on your tax return under use tax.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6669
  • Total likes: 1058
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Amex 2014 Terms and Conditions
« Reply #171 on: July 06, 2018, 06:20:09 PM »
If a store doesn't charge sales tax it's your responsibility to report it on your tax return under use tax.
IIRC it is only on internet and out of state purchases. In state purchases are the businesses responsibility. Will check my state return.

ETA: From state form under other taxes. "Use tax on internet, mail order, or other out-of-state purchases from UT Worksheet or UT Table in the instructions."
« Last Edit: July 06, 2018, 06:30:15 PM by ChaimMoskowitz »
I just found a new supply of forks!

Offline meshugener

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2012
  • Posts: 7078
  • Total likes: 39
  • DansDeals.com Hat Tips 4
  • Gender: Female
    • View Profile
  • Location: DDF
  • Programs: Amex Platinum, Chase Freedom 10X10 Exclusives, Avis Presidents Club, National Executive, Hertz 5 Star, Hilton Gold, Accor Platinum, Hyatt Platinum, Marriott Silver, SPG Gold, Club Carlson Gold
Re: Amex 2014 Terms and Conditions
« Reply #172 on: July 10, 2018, 02:09:19 PM »
Even if it does have cash value the IRS considers it a rebate. If they're insisting that it"s taxable, it's probably a mistake and you should go to court, I'm not a lawyer but the IRS famously said in 2002 that points are considered a rebate.
But a rebate would reduce your expenses - which increases your tax liability.
Love me or hate me. I still love you.

Offline meshugener

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2012
  • Posts: 7078
  • Total likes: 39
  • DansDeals.com Hat Tips 4
  • Gender: Female
    • View Profile
  • Location: DDF
  • Programs: Amex Platinum, Chase Freedom 10X10 Exclusives, Avis Presidents Club, National Executive, Hertz 5 Star, Hilton Gold, Accor Platinum, Hyatt Platinum, Marriott Silver, SPG Gold, Club Carlson Gold
Re: Amex 2014 Terms and Conditions
« Reply #173 on: July 10, 2018, 02:45:44 PM »
Why is it different?
You go to jail for not reporting income.

You may pay fine+interest for failing to pay sales tax. Also, no state is enforcing it on the consumer end.
Love me or hate me. I still love you.

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 53419
  • Total likes: 2358
  • DansDeals.com Hat Tips 16441
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA Global Services, AA Lifetime Plat, DL Dirt, SPG Plat, Hyatt Diamond, Fairmont Lifetime Plat, Hilton Diamond, Priority Club Plat, Avis Chairman, National EE, Hertz PC
Re: Amex 2014 Terms and Conditions
« Reply #174 on: July 10, 2018, 02:51:43 PM »
You go to jail for not reporting income.

You may pay fine+interest for failing to pay sales tax. Also, no state is enforcing it on the consumer end.
What's the last time someone went to jail for failing to report less than $600 of (questionable) income?
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline meshugener

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2012
  • Posts: 7078
  • Total likes: 39
  • DansDeals.com Hat Tips 4
  • Gender: Female
    • View Profile
  • Location: DDF
  • Programs: Amex Platinum, Chase Freedom 10X10 Exclusives, Avis Presidents Club, National Executive, Hertz 5 Star, Hilton Gold, Accor Platinum, Hyatt Platinum, Marriott Silver, SPG Gold, Club Carlson Gold
Re: Amex 2014 Terms and Conditions
« Reply #175 on: July 10, 2018, 03:00:50 PM »
What's the last time someone went to jail for failing to report less than $600 of (questionable) income?
Don't know.
But that's not my point.

Irrelevant to amount, failing to report is a crime.
A customer not paying, or a merchant not collecting sales tax is not.

It would be a crime only if a merchant were to collect sales tax but fail to remit it to the state.
Love me or hate me. I still love you.

Online ExGingi

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Nov 2015
  • Posts: 6022
  • Total likes: 986
  • DansDeals.com Hat Tips 7
    • View Profile
  • Location: 770
Re: Amex 2014 Terms and Conditions
« Reply #176 on: July 10, 2018, 07:56:55 PM »
idk, could be business is different
There is no requirement to issue a 1099 if payment was made to a corporation.

https://www.irs.gov/pub/irs-pdf/i1099msc.pdf
Quote
Exceptions. Some payments do not have to be reported on Form 1099-MISC, although they may be taxable to the recipient. Payments for which a Form 1099-MISC is not required include all of the following.
  • Generally, payments to a corporation (including a limited liability company (LLC) that is treated as a C or S corporation).
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6669
  • Total likes: 1058
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Amex 2014 Terms and Conditions
« Reply #177 on: July 10, 2018, 08:02:46 PM »
What's the last time someone went to jail for failing to report less than $600 of (questionable) income?
Why does it have to be 600? You can receive tens of thousands in referral bonuses and never get a 1099.
I just found a new supply of forks!

Offline meshugener

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2012
  • Posts: 7078
  • Total likes: 39
  • DansDeals.com Hat Tips 4
  • Gender: Female
    • View Profile
  • Location: DDF
  • Programs: Amex Platinum, Chase Freedom 10X10 Exclusives, Avis Presidents Club, National Executive, Hertz 5 Star, Hilton Gold, Accor Platinum, Hyatt Platinum, Marriott Silver, SPG Gold, Club Carlson Gold
Re: Amex 2014 Terms and Conditions
« Reply #178 on: July 10, 2018, 11:33:14 PM »
Why does it have to be 600? You can receive tens of thousands in referral bonuses and never get a 1099.
You only need to send a 1099 MISC if you paid someone $600 or more.
Love me or hate me. I still love you.