FlyerTalk Forums - View Single Post - Buying large quantities of miles
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Old Jul 7, 2010 | 9:48 am
  #63  
rrgg
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Originally Posted by Roka
Thanks. These were interesting. I flipped through parts of these threads and didn't see any reliable information on what the IRS considers a red flag or not. Or at least, I didnt see any source about overpayments that I would rely on, just ancedotal experiences and conjecture. But this does support the conclusion at least that you probably wont be hit with heavy penalties for overpayment.
Sorry. What I should have said is that this question came up before, and someone who is either a tax attorney or IRS or CPA or something (I think) responded in that way. There are more threads, and I don't know where it is. I just posted the first few links that showed up in a search.
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