A little feedback, please, from anyone familiar with the Click Rewards program.

A friend just won 80,000 points and asked for my advice on how to utilize them. My questions are this: is 80,000 points the same as 80,000 miles on any program? Although I have suggested American (he is already a member) for placing his points, are there any limitations in terms of this or other programs?

Also, he has been told that the value of the prize is $2400 and he will be eligible for taxes. This doesn't seem fair, since 80,000 miles is worth $1600 (valued at .02/mile, the usual conversion figure). If he were to use the miles for 3 domestic tickets (75,000 miles), the probable cost of three coast-to-coast tickets would be about $1200. How does the IRS look at this?