FlyerTalk Forums - View Single Post - Can a merchant account and credit card terminal be used to rack up points?
Old Dec 9, 2012 | 10:01 am
  #39  
NYBanker
 
Join Date: Jan 2003
Location: Fairfield County, CT USA
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Originally Posted by lazyy
its doable. but the 30k you put though is probably going to be considered revenue down the line and you will have to account for that come tax season. unless you get creative with your taxes
With an equal (or greater) offsetting expense.

Do you file Schedules C or E with your tax return?

Taxes aren't the issue with this one. Cost is.

The interesting thing is running debit cards through a merchant account.
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